About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
New Jersey saw the lowest weekly total of people seeking unemployment benefits since the coronavirus outbreak struck, the state Labor Department said Thursday.
The sudden loss in income is causing a growing number of Americans to tap their retirement savings accounts.
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
Pennsylvania’s unemployment rate more than doubled to 15.1% in April, up from 5.8% in March, the state Department of Labor and Industry said Friday.
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
U.S. equity markets maintained gains Wednesday even though the Federal Reserve, in the April minutes, warned the coronavirus may carry 'considerable risk' for the U.S. economy.
A Change.org petition aimed at getting 2020 presidential candidate and former Vice President Joe Biden to publicly endorse a “universal basic income” of $2,000 per month for every U.S. resident.
U.S. equity markets closed lower across the board giving up earlier gains as investors took profits and reassessed the progress of a potential coronavirus treatment.
The IRS and the U.S. Treasury Department will begin sending economic stimulus payments on preloaded debit cards this week, the Trump administration said on Monday.
Bipartisan Policy Institute estimated that the depletion date would jump from 2035 to 2029.
The pay bump will last into the summer, two months longer than originally announced.
Office Depot announced a restructuring plan that includes closing stores and laying off about 13,100 employees by 2023.
Retailer JCPenney filed for Chapter 11 bankruptcy protection after the coronavirus pandemic forced stores to shut, the company announced Friday evening, joining J. Crew and Neiman Marcus.
Industry was running at 64.9% of capacity last month, shattering the previous record low set in the Great Recession year 2009. Factory capacity utilization also hit a record low 61.1%.
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
Roughly 36 million people have now sought jobless aid in just the two months since the coronavirus first forced businesses to close down and shrink their workforces, the government said Thursday.
The United Nations forecast Wednesday that the COVID-19 pandemic will shrink the world economy by 3.2% this year, the sharpest contraction since the Great Depression in the 1930s.
It takes hundreds of millions of taxpayer dollars a year for the Pennsylvania General Assembly to maintain one of the country's largest legislative staffs, a small army that needs food, shelter, transportation, office supplies and modern electronics.
Call it realism or pessimism, but more employers are coming to a reluctant conclusion: Many of the employees they’ve had to lay off in the face of the coronavirus pandemic might not be returning to their old jobs anytime soon.