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.
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.
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.
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.
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.
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.
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.
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%.
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%.
Millions of jobs lost to coronavirus pandemic could take years to return
The damage inflicted to the jobs market is expected to persist for years, IRS projections show.
The damage inflicted to the jobs market is expected to persist for years, IRS projections show.
Could Americans still receive a second stimulus check? Everything we know
With White House officials and top Democrats at a weeks-long impasse over another coronavirus relief package, Senate Republicans are preparing to unveil their own new proposal — a pared-down version of a previous bill that notably does not include a fresh round of stimulus checks.
With White House officials and top Democrats at a weeks-long impasse over another coronavirus relief package, Senate Republicans are preparing to unveil their own new proposal — a pared-down version of a previous bill that notably does not include a fresh round of stimulus checks.
US unemployment claims jump back above 1 million in face of coronavirus
The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.
The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.
Nearly 40% of Americans who lost their jobs during pandemic can't last a month on savings
One in five respondents said their savings would last just two weeks.
One in five respondents said their savings would last just two weeks.
Amazon to add 3,500 jobs within these US tech hubs
Amazon Inc. announced plans Tuesday to expand operations and add thousands of jobs within six major U.S. tech hubs across the country.
Amazon Inc. announced plans Tuesday to expand operations and add thousands of jobs within six major U.S. tech hubs across the country.
Domino's to hire more than 20,000 workers in US
Domino's will hire more than 20,000 employees nationwide.
Domino's will hire more than 20,000 employees nationwide.
US retail sales rise for 3rd month amid COVID-19 pandemic but slowdown expected
The gains of the past three months have now restored retail purchases to their levels before they plunged in March and April when the pandemic shuttered businesses and paralyzed the economy.
The gains of the past three months have now restored retail purchases to their levels before they plunged in March and April when the pandemic shuttered businesses and paralyzed the economy.
States can’t afford Trump’s jobless aid plan, Wolf says
Pennsylvania does not have the money to provide $100 a week as President Donald Trump pushes states to help pay for a new round of federal unemployment assistance, Gov. Tom Wolf told the state’s members of Congress.
Pennsylvania does not have the money to provide $100 a week as President Donald Trump pushes states to help pay for a new round of federal unemployment assistance, Gov. Tom Wolf told the state’s members of Congress.
14K seek jobless benefits in NJ, falling 17% over last week
Nearly 14,000 people filed for unemployment in New Jersey last week, down 17% and the lowest weekly total for new claims since the COVID-19 outbreak came to the state, the Labor Department said Thursday.
Nearly 14,000 people filed for unemployment in New Jersey last week, down 17% and the lowest weekly total for new claims since the COVID-19 outbreak came to the state, the Labor Department said Thursday.
Number of Americans filing for unemployment falls below 1M for first time since pandemic started
The number of Americans applying for unemployment benefits fell below 1 million last week for the first time since the coronavirus pandemic started in mid-March.
The number of Americans applying for unemployment benefits fell below 1 million last week for the first time since the coronavirus pandemic started in mid-March.
Consumer prices in the US rose 0.6% in July, matching June uptick
The uptick was about twice what economists expected. But inflation remains in check: Consumer prices are up just 1% over the past year.
The uptick was about twice what economists expected. But inflation remains in check: Consumer prices are up just 1% over the past year.
Summer jobs for young people are vanishing amid the COVID-19 pandemic
The iconic summer job for high school and college students has been on the wane for nearly 20 years. But the pandemic is squeezing even more young people out of the workforce.
The iconic summer job for high school and college students has been on the wane for nearly 20 years. But the pandemic is squeezing even more young people out of the workforce.