Nearly 3.2 million more workers seek jobless aid
Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors and slash their workforces.
More than 20 million US jobs vanished in April, ADP report shows
The report from payroll company ADP showed the tragic depth and scale of job losses amid the coronavirus pandemic.
Thousands apply for the Pandemic Unemployment Assistance program in Pennsylvania
People who applied to a new federal benefits program for self-employed and gig-economy workers and others barred from receiving traditional unemployment should begin to see the money next week, state officials said Monday.
Stocks erase losses as Nasdaq leads rebound
U.S. equity markets fell Monday amid rising tensions between the U.S. and China and as Warren Buffett said Berkshire Hathaway unloaded its entire stake in airlines.
IRS knowingly sends stimulus check to dead grandmother, wealthy foreigner as vets, other Americans wait
The IRS sees dead people — and apparently pays them too.
J.Crew files for Chap. 11 bankruptcy as pandemic smothers retail
The owner of J.Crew is filing for Chapter 11 bankruptcy, two months after the first person in New York tested positive for COVID-19.
Americans without bank accounts must wait for federal stimulus checks
A House Ways and Means Committee memo obtained by AP estimated about 5 million paper checks will be issued each week, meaning those most in need could wait many weeks for their payments.
US jobless claims soar past 30 million as 3.8 million more workers seek aid
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
Half of working-age Americans might not have a paycheck in May as layoffs surge
Fewer than half of working-age Americans could earn a paycheck in May as the coronavirus pandemic triggers millions of job losses.
Smallest businesses get a few hours at head of loan line
Smaller businesses that need coronavirus relief will get to move to the front of the line come Wednesday.
US economy shrank at 4.8% rate last quarter as coronavirus struck
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
Governors select appointees for multi-state effort to reopen economy
State leaders, healthcare professionals, and executives will make up a multi-state council to restore the economy and safely reopen businesses.
Gov. Wolf unveils plan to reopen Pennsylvania economy
Wolf called the plan a "framework" and said he would lay out more concrete steps next week.
Unemployment claims jumped by 5.25M last week as coronavirus job carnage continues
The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck caused 5.2 million more people to seek unemployment benefits last week.
Highlights of historic $2.2T economic relief package
Highlights of a $2.2 trillion package to help businesses, workers and a health care system staggered by the coronavirus pandemic.