860,000 filed new unemployment claims last week as COVID-19 continues to drive joblessness in US
The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high figure that reflects economic damage from the coronavirus outbreak.
Trump says he can talk GOP into going for 'larger' virus aid, including stimulus checks
President Donald Trump says Republicans should increase their offer for a coronavirus relief bill. But his allies in Congress aren't so sure.
Murphy, lawmakers agree to tax rich, offer $500 rebates to some families
New Jersey Gov. Phil Murphy says he and fellow Democratic legislative leaders have agreed to raise income taxes on millionaires while also giving about 800,000 families a $500 tax rebate.
Mayor de Blasio will furlough everyone in his office, including himself
The New York City mayor says he is going to require everyone who works in his office to take a 5-day unpaid furlough because of a budget shortfall.
Gas prices dip in New Jersey, across nation
Gas prices have dipped in New Jersey and across the nation, and analysts say they expect the decline to continue.
Layoffs remain elevated as 884,000 Americans seek unemployment aid
The number of Americans applying for jobless aid was unchanged last week at 884,000.
Amazon looking to fill 33,000 corporate and tech jobs during virtual career day
Amazon is holding a virtual career day on Sept. 16, 2020 and is looking to fill thousands of roles from entry level to corporate jobs.
Mall owners Simon and Brookfield close to buying JC Penney out of bankruptcy
Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy J.C. Penney and keep the chain running.
'Not free money:' Federal payroll tax 'holiday' starting soon
Workers will still be on the hook for the taxes, which they will have to begin repaying in 2021 -- doubling payroll tax until workers pay back what they deferred.
UPS to hire more than 100,000 holiday workers, expects record peak season
The company says it will have full-time and part-time seasonal jobs, mostly package handlers, drivers and driver helpers. The Atlanta-based company touts the seasonal jobs as ones that can lead to year-round employment.
States consider big cuts as Congress deadlocks on more coronavirus aid
With the U.S. Senate returning to session next week, some states are renewing their push for aid. Without it, additional cuts are likely. Some governors also have begun proposing tax and fee increases.
Even as hiring slows, American unemployment rate falls to 8.4%
The U.S. unemployment rate fell sharply in August to 8.4% from 10.2% even as hiring slowed in August as employers added the fewest jobs since the pandemic began.
Unemployment claims fall to 881,000 but layoffs remain elevated
The number of laid-off Americans applying for unemployment benefits fell to roughly 880,000 last week.
Ford cutting 1,400 jobs, offers early retirement incentives to salaried workers
Ford Motor Co. will offer early retirement incentives with hopes of cutting its U.S. white-collar workforce by 1,400 more positions.
United plans to furlough 16,000 workers, fewer than expected
United Airlines said Wednesday it plans to furlough 16,370 employees in October, down from an earlier target of 36,000 after thousands of workers took early retirement, buyouts, or long-term leaves of absence with the industry facing a slow recovery from the pandemic.
Coronavirus pandemic brings hard times for farmers, worsening hunger
The coronavirus pandemic has brought hard times for many farmers and has imperiled food security for many millions both in the cities and the countryside.
In college towns, smaller businesses struggle without students
Small business owners in college towns across the U.S. are hoping for the best when students return — and bracing for the worst.
More than 1 million Americans applied for unemployment benefits
Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime collapse.
July jobless rate, payrolls rise as Pennsylvania seeks relief
Pennsylvania’s unemployment rose in July to remain well above the national rate, even as payrolls rebounded for another month from pandemic-driven shutdowns, the state reported Friday.
Heavy buyer demand and low rates send US home sales surging amid COVID-19 pandemic
Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%.