US GDP fell at 5.0% rate in Q1; worse is likely on the way
It was the sharpest quarterly decline since an 8.4% fall in 2008 during the depths of the financial crisis.
Only 47% of Americans are losing sleep over money despite pandemic: Study
For the 47 percent who are worried about money issues currently, 23 percent said their cause of stress revolved around everyday expenses, which Bankrate noted was down from the 32 percent who said the same last year.
US new home sales rise surprisingly strong 16.6% in May
Sales of new homes rose a surprisingly strong 16.6% in May suggesting that the reopening of major parts of the country were giving a boost to the housing market.
1.5 million more laid-off workers seek unemployment benefits
The latest figure from the Labor Department marks the 11th straight weekly decline in applications since they peaked at nearly 7 million in March.
Atlantic City’s May casino revenue down 65% in virus closure
With Atlantic City’s casinos shuttered and silent due to the coronavirus, the New Jersey Division of Gaming Enforcement said Friday that the casinos and two racetracks elsewhere in the state took in $91.1 million in May, a decrease of over 65% from May 2019.
How to pay off student loans when you’re broke
If you can’t pay your student loans, these tips could help.
1.5 million more laid-off workers seek unemployment benefits
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.
Trump administration opposes $600 unemployment benefits extension
The Trump administration opposes a Democratic proposal to extend a $600 per week federal unemployment benefit approved in response to the coronavirus pandemic, Labor Secretary Eugene Scalia said Tuesday.
Are we getting a second coronavirus stimulus check? What we know so far
An unexpectedly strong jobs report makes it appear unlikely that Americans will see a new coronavirus aid bill -- or a second IRS stimulus check.
Citing jobs, Trump claims victory over virus, econ collapse
The unemployment rate dropped to a better-than-expected 13.3%, but that is still on par with what the nation witnessed during the Great Depression.
US unemployment drops unexpectedly to 13.3% amid outbreak
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.
Wall Street's rally zooms higher after surprise gain in jobs
The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.
JCPenney shutting down 154 stores after coronavirus-driven bankruptcy
Nearly three weeks after JCPenney filed for Chapter 11 bankruptcy, the company has announced it will close down 154 stores nationwide in 38 states as a first step in reorganizing the business.
1.9 million seek jobless aid even as reopenings slow layoffs
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
US private sector lost 2.7M jobs in May
Private employers slashed 2.7 million jobs in May as the coronavirus-induced lockdown devastated the U.S. economy and labor market, according to the ADP National Employment Report released Wednesday.
New Jersey spends $200M in expenses in COVID-19 battle
The state Human Services and Health Departments also recorded millions in expenses.
Small business owners can now apply for PPP loan forgiveness: Everything to know
Two months after the federal government rolled out the Paycheck Protection Program, small business owners that tapped the coronavirus aid can officially have their loans forgiven.
41 million have lost jobs since virus hit, but layoffs slow
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
NJ jobless claims drop off, but record 1.1M getting help
New Jersey saw the lowest weekly total of people seeking unemployment benefits since the coronavirus outbreak struck, the state Labor Department said Thursday.
Americans tapping retirement savings after coronavirus-led job loss, study finds
The sudden loss in income is causing a growing number of Americans to tap their retirement savings accounts.