Layoffs remain elevated as 803,000 seek unemployment aid
The number of Americans seeking unemployment benefits fell by 89,000 last week to a still-elevated 803,000, evidence that the job market remains under stress nine months after the coronavirus outbreak sent the U.S. economy into recession and caused millions of layoffs.
The number of Americans seeking unemployment benefits fell by 89,000 last week to a still-elevated 803,000, evidence that the job market remains under stress nine months after the coronavirus outbreak sent the U.S. economy into recession and caused millions of layoffs.
Trump asks Congress to amend $900B COVID-19 relief bill, increase stimulus checks to $2,000
The bill that was passed by Congress establishes a temporary $300 per week supplemental jobless benefit and a $600 direct stimulus payment to most Americans, but President Donald Trump said he wants lawmakers to increase the check amounts to $2,000 per person or $4,000 for married couples.
The bill that was passed by Congress establishes a temporary $300 per week supplemental jobless benefit and a $600 direct stimulus payment to most Americans, but President Donald Trump said he wants lawmakers to increase the check amounts to $2,000 per person or $4,000 for married couples.
House, Senate vote to OK $900 billion COVID-19 relief bill
House and Senate leaders planned votes for Monday but the final measure was still being finalized.
House and Senate leaders planned votes for Monday but the final measure was still being finalized.
How much are the stimulus payments and who will get them?
Congress is expected to pass a $900 billion COVID relief bill that includes another round of stimulus checks for most Americans after top negotiators reached a deal over the weekend.
Congress is expected to pass a $900 billion COVID relief bill that includes another round of stimulus checks for most Americans after top negotiators reached a deal over the weekend.
Congress nears deal on almost $1 trillion COVID-19 relief package
An arcane battle over emergency Federal Reserve powers is frustrating efforts to lock down an agreement on an almost $1 trillion COVID-19 economic relief package.
An arcane battle over emergency Federal Reserve powers is frustrating efforts to lock down an agreement on an almost $1 trillion COVID-19 economic relief package.
US jobless claims rise to 885,000 amid resurgence of coronavirus
The number of Americans applying for unemployment benefits rose again last week to 885,000 as a resurgence of coronavirus cases threatens the economy’s recovery.
The number of Americans applying for unemployment benefits rose again last week to 885,000 as a resurgence of coronavirus cases threatens the economy’s recovery.
Delay in deal on COVID-19 relief, 2nd stimulus check may force weekend sessions for Congress
Congressional negotiators are closing in on a $900 billion COVID-19 economic relief package that would deliver $300-per-week jobless checks and $600 stimulus payments to most Americans.
Congressional negotiators are closing in on a $900 billion COVID-19 economic relief package that would deliver $300-per-week jobless checks and $600 stimulus payments to most Americans.
Congress nears agreement on 2nd stimulus check in long-delayed COVID-19 relief deal
The $908 billion bipartisan package would extend direct payments of $500-$600 to most Americans but would deny long-sought aid to state and local governments.
The $908 billion bipartisan package would extend direct payments of $500-$600 to most Americans but would deny long-sought aid to state and local governments.
'Christmas cliff' looms for millions of Americans on the verge of losing their unemployment benefits
It’s being called the “Christmas Cliff.” On Dec. 26, millions of Americans are set to lose their unemployment benefits amid the coronavirus pandemic, adding another layer of stress for those who are jobless this holiday.
It’s being called the “Christmas Cliff.” On Dec. 26, millions of Americans are set to lose their unemployment benefits amid the coronavirus pandemic, adding another layer of stress for those who are jobless this holiday.
Starbucks to raise minimum wage to $15 for US employees over next 3 years
The increase is more than double the current federal minimum hourly wage, for nonexempt employees.
The increase is more than double the current federal minimum hourly wage, for nonexempt employees.
Silver Lining: Prices of precious metals soar during COVID-19 pandemic
With prices for the precious metal soaring to near record highs, that old chain or single earring collecting dust in your jewelry box is worth more than ever
With prices for the precious metal soaring to near record highs, that old chain or single earring collecting dust in your jewelry box is worth more than ever
Unemployment claims jump to 853,000 amid resurgence of COVID-19
The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that some companies are cutting more jobs as new virus cases spiral higher.
The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that some companies are cutting more jobs as new virus cases spiral higher.
New White House offer adds $600 stimulus checks to COVID-19 relief
It proposes the $600 direct payment for individuals and $1,200 for couples, which is half the payment delivered by the March pandemic relief bill.
It proposes the $600 direct payment for individuals and $1,200 for couples, which is half the payment delivered by the March pandemic relief bill.
US economy will return to pre-pandemic levels by second-half of 2021, experts predict
The U.S. economy's growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year.
The U.S. economy's growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year.
Jill Biden will back debt-free community college as student debt nears $1.7 trillion: report
The future First Lady intends to continue to teach when her husband is in office.
The future First Lady intends to continue to teach when her husband is in office.
Employers add a modest 245,000 jobs in November as coronavirus pandemic intensifies
America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.
America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.
Unemployment claims remain high at 712,000 as COVID-19 pandemic escalates
The number of Americans applying for unemployment benefits fell last week to a still-high 712,000, the latest sign that the U.S. economy and job market remain under stress from the intensified viral outbreak.
The number of Americans applying for unemployment benefits fell last week to a still-high 712,000, the latest sign that the U.S. economy and job market remain under stress from the intensified viral outbreak.
IRS admits to erroneously sending $34M in COVID-19 stimulus funds overseas
The IRS acknowledged that it was responsible for sending $34 million worth of COVID-19 stimulus checks to ineligible people living outside of the United States.
The IRS acknowledged that it was responsible for sending $34 million worth of COVID-19 stimulus checks to ineligible people living outside of the United States.
Work in paradise: Hawaii offering incentives to remote workers who move to state
Hawaii’s new Movers and Shakas program hopes to attract talented individuals to the islands to work remotely, forging an economy resilient to economic downturns like the one triggered by the COVID-19 pandemic.
Hawaii’s new Movers and Shakas program hopes to attract talented individuals to the islands to work remotely, forging an economy resilient to economic downturns like the one triggered by the COVID-19 pandemic.
Biden unveils economic team at critical moment for recovery
President-elect Joe Biden on Tuesday introduced top advisers he says will help his administration rebuild an economy hammered by the coronavirus pandemic.
President-elect Joe Biden on Tuesday introduced top advisers he says will help his administration rebuild an economy hammered by the coronavirus pandemic.