US retail sales plunged 16% in April as virus froze economy
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
3 million more US layoffs intensify fears of lasting damage
Roughly 36 million people have now sought jobless aid in just the two months since the coronavirus first forced businesses to close down and shrink their workforces, the government said Thursday.
Roughly 36 million people have now sought jobless aid in just the two months since the coronavirus first forced businesses to close down and shrink their workforces, the government said Thursday.
UN forecasts pandemic to shrink world economy by 3.2 percent
The United Nations forecast Wednesday that the COVID-19 pandemic will shrink the world economy by 3.2% this year, the sharpest contraction since the Great Depression in the 1930s.
The United Nations forecast Wednesday that the COVID-19 pandemic will shrink the world economy by 3.2% this year, the sharpest contraction since the Great Depression in the 1930s.
Taxpayers foot bill to supply Pa. legislators, army of aides
It takes hundreds of millions of taxpayer dollars a year for the Pennsylvania General Assembly to maintain one of the country's largest legislative staffs, a small army that needs food, shelter, transportation, office supplies and modern electronics.
It takes hundreds of millions of taxpayer dollars a year for the Pennsylvania General Assembly to maintain one of the country's largest legislative staffs, a small army that needs food, shelter, transportation, office supplies and modern electronics.
Distinct possibility: ‘Temporary’ layoffs may be permanent
Call it realism or pessimism, but more employers are coming to a reluctant conclusion: Many of the employees they’ve had to lay off in the face of the coronavirus pandemic might not be returning to their old jobs anytime soon.
Call it realism or pessimism, but more employers are coming to a reluctant conclusion: Many of the employees they’ve had to lay off in the face of the coronavirus pandemic might not be returning to their old jobs anytime soon.
Unemployment 'could be' nearing Great Depression levels: Mnuchin
More than a decade of job gains were erased in April; the stunning job losses are more than double what the U.S. saw during the 2008 financial crisis.
More than a decade of job gains were erased in April; the stunning job losses are more than double what the U.S. saw during the 2008 financial crisis.
Lost your job? Here's what you need to know
Nearly 33.5 million Americans have lost their jobs and applied for unemployment benefits in the past 7 weeks — a stunning record high that reflects the near-complete shutdown of the U.S. economy.
Nearly 33.5 million Americans have lost their jobs and applied for unemployment benefits in the past 7 weeks — a stunning record high that reflects the near-complete shutdown of the U.S. economy.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Wolf called the plan a "framework" and said he would lay out more concrete steps next week.