Historic unemployment surge leaves some New Yorkers waiting for needed benefits
The coronavirus crisis has sent U.S. unemployment surging to 14.7%, a level last seen when the country was in the throes of the Depression and President Franklin D. Roosevelt was assuring Americans that the only thing to fear was fear itself.
The coronavirus crisis has sent U.S. unemployment surging to 14.7%, a level last seen when the country was in the throes of the Depression and President Franklin D. Roosevelt was assuring Americans that the only thing to fear was fear itself.
Jobless rate spikes to 14.7%, highest since Great Depression
The unemployment rate could reach 16% or more. Twenty-one million jobs may have been lost in April.
The unemployment rate could reach 16% or more. Twenty-one million jobs may have been lost in April.
April jobs data to show epic losses and soaring unemployment
The economic catastrophe caused by the viral outbreak likely sent the U.S. unemployment rate in April to its highest level since the Great Depression and caused a record-shattering loss of jobs.
The economic catastrophe caused by the viral outbreak likely sent the U.S. unemployment rate in April to its highest level since the Great Depression and caused a record-shattering loss of jobs.
Consumer debt surged to $14.3T before worst of coronavirus crisis, Fed says
Mortgage balances, the largest component of household debt in the U.S., jumped by $156 billion in the first quarter.
Mortgage balances, the largest component of household debt in the U.S., jumped by $156 billion in the first quarter.
Amazon VP resigns after accusing company of 'firing whistleblowers'
Tim Bray said he could no longer be an Amazon VP.
Tim Bray said he could no longer be an Amazon VP.
US jobless claims soar past 30 million as 3.8 million more workers seek aid
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
Half of working-age Americans might not have a paycheck in May as layoffs surge
Fewer than half of working-age Americans could earn a paycheck in May as the coronavirus pandemic triggers millions of job losses.
Fewer than half of working-age Americans could earn a paycheck in May as the coronavirus pandemic triggers millions of job losses.
Drug proves effective against virus as economic damage rises
Scientists have announced the first effective treatment against the coronavirus — an experimental drug that can speed the recovery of COVID-19 patients — in a major medical advance that comes as the economic gloom caused by the scourge deepens in the U.S. and Europe.
Scientists have announced the first effective treatment against the coronavirus — an experimental drug that can speed the recovery of COVID-19 patients — in a major medical advance that comes as the economic gloom caused by the scourge deepens in the U.S. and Europe.
Smallest businesses get a few hours at head of loan line
Smaller businesses that need coronavirus relief will get to move to the front of the line come Wednesday.
Smaller businesses that need coronavirus relief will get to move to the front of the line come Wednesday.
Many laid-off US workers due to coronavirus might make more money with unemployment benefits
Unemployment benefits, combined with the additional coronavirus stimulus relief, means the average weekly payment to a laid-off worker should rise to about $978.
Unemployment benefits, combined with the additional coronavirus stimulus relief, means the average weekly payment to a laid-off worker should rise to about $978.
US economy shrank at 4.8% rate last quarter as coronavirus struck
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
'Food supply chain breaking' Tyson Foods boss warns
The chairman of Tyson Foods has issued a stark warning to Americans following the shuttering of multiple meat processing plants across the country: “The food supply chain is breaking.”
The chairman of Tyson Foods has issued a stark warning to Americans following the shuttering of multiple meat processing plants across the country: “The food supply chain is breaking.”
IRS updates 'Get My Payment' tool
The Internal Revenue Service has made an update to its "Get My Payment" tool to help Americans track their coronavirus-prompted stimulus payments.
The Internal Revenue Service has made an update to its "Get My Payment" tool to help Americans track their coronavirus-prompted stimulus payments.
White House aiming for Trump pivot from virus to economy
After two months of frantic response to the coronavirus, the White House is planning to shift President Donald Trump’s public focus to the burgeoning efforts aimed at easing the economic devastation caused by the pandemic.
After two months of frantic response to the coronavirus, the White House is planning to shift President Donald Trump’s public focus to the burgeoning efforts aimed at easing the economic devastation caused by the pandemic.
Trump signs $484 billion measure to aid employers, hospitals
resident Donald Trump has signed a $484 billion bill that aids employers and hospitals under stress from the coronavirus pandemic.
resident Donald Trump has signed a $484 billion bill that aids employers and hospitals under stress from the coronavirus pandemic.
Somber Congress delivers nearly $500B more in virus aid
Congress delivered a nearly $500 billion infusion of coronavirus spending Thursday, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one in six U.S. jobs.
Congress delivered a nearly $500 billion infusion of coronavirus spending Thursday, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one in six U.S. jobs.
US unemployment claims surge by another 4.4 million
More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.
More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.
Grim economic forecast for department store chains
Department store chains are facing a grim economic forecast as the coronavirus crisis drags on.
Department store chains are facing a grim economic forecast as the coronavirus crisis drags on.
Dow climbs 456 points as oil stabilizes and small business funding nears
The Dow Jones Industrial Average climbed 456 points, or 1.99 percent, while the S&P 500 and Nasdaq Composite gained 2.29 percent and 2.8 percent, respectively.
The Dow Jones Industrial Average climbed 456 points, or 1.99 percent, while the S&P 500 and Nasdaq Composite gained 2.29 percent and 2.8 percent, respectively.
Social Security and Medicare funds at risk even before coronavirus pandemic
For Social Security, the projected 2035 date for exhausting the trust fund reserves means that it would be able to pay only 79% of benefits.
For Social Security, the projected 2035 date for exhausting the trust fund reserves means that it would be able to pay only 79% of benefits.