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.
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.
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.
The sudden loss in income is causing a growing number of Americans to tap their retirement savings accounts.
It’s not junk mail: Coronavirus stimulus payment debit cards come in plain envelope
Some have reportedly mistaken their Economic Impact Payment debit cards as junk mail after being confused by the envelope.
Some have reportedly mistaken their Economic Impact Payment debit cards as junk mail after being confused by the envelope.
Stocks pare gains fueled by America's reopening
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
Stocks soar on reopening optimism
U.S. equity markets surged to their best levels in months as states continued to reopen and as traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.
U.S. equity markets surged to their best levels in months as states continued to reopen and as traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.
Where Americans are spending and saving money in coronavirus pandemic
Forty-five percent surveyed said they spent more during quarantine.
Forty-five percent surveyed said they spent more during quarantine.
Stocks post weekly gains after quiet Friday session ahead of Memorial Day
U.S. equity markets slipped Friday but registered solid weekly gains as investors focused on the reopening of the American economy while also keeping tabs on Chinese President Xi JInping's efforts to tighten his grip over Hong Kong ahead of the Memorial Day weekend.
U.S. equity markets slipped Friday but registered solid weekly gains as investors focused on the reopening of the American economy while also keeping tabs on Chinese President Xi JInping's efforts to tighten his grip over Hong Kong ahead of the Memorial Day weekend.
Pennsylvania unemployment rate hits 15.1% as payrolls collapse
Pennsylvania’s unemployment rate more than doubled to 15.1% in April, up from 5.8% in March, the state Department of Labor and Industry said Friday.
Pennsylvania’s unemployment rate more than doubled to 15.1% in April, up from 5.8% in March, the state Department of Labor and Industry said Friday.
Stocks flounder on recovery concerns after coronavirus jobless claims near 39M
U.S. equity markets slipped Thursday as investors weighed the pace of the economic recovery after job losses tied to COVID-19 remain elevated.
U.S. equity markets slipped Thursday as investors weighed the pace of the economic recovery after job losses tied to COVID-19 remain elevated.
Nearly 39 million have sought US jobless aid since virus hit
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
Stocks rally as more states reopen economies
U.S. equity markets maintained gains Wednesday even though the Federal Reserve, in the April minutes, warned the coronavirus may carry 'considerable risk' for the U.S. economy.
U.S. equity markets maintained gains Wednesday even though the Federal Reserve, in the April minutes, warned the coronavirus may carry 'considerable risk' for the U.S. economy.
Change.org petition urges Joe Biden to endorse $2K monthly stimulus income amid COVID-19
A Change.org petition aimed at getting 2020 presidential candidate and former Vice President Joe Biden to publicly endorse a “universal basic income” of $2,000 per month for every U.S. resident.
A Change.org petition aimed at getting 2020 presidential candidate and former Vice President Joe Biden to publicly endorse a “universal basic income” of $2,000 per month for every U.S. resident.
Coronavirus causes mortgage concerns, but many Americans did not need to pause payments
More than 4 million Americans have entered into forbearance agreements.
More than 4 million Americans have entered into forbearance agreements.
Where’s my stimulus check? IRS adds phone operators to answer relief payment questions
The IRS is adding 3,500 phone representatives to handle a flood of calls from taxpayers waiting for their stimulus checks.
The IRS is adding 3,500 phone representatives to handle a flood of calls from taxpayers waiting for their stimulus checks.
‘Not just a horror story’: FTC says some nursing homes are taking residents' stimulus checks
The Federal Trade Commission learned some nursing homes have been trying to take stimulus checks from residents who use Medicaid.
The Federal Trade Commission learned some nursing homes have been trying to take stimulus checks from residents who use Medicaid.
Stocks reverse course as investors take profits
U.S. equity markets closed lower across the board giving up earlier gains as investors took profits and reassessed the progress of a potential coronavirus treatment.
U.S. equity markets closed lower across the board giving up earlier gains as investors took profits and reassessed the progress of a potential coronavirus treatment.
IRS to issue coronavirus stimulus payments on prepaid debit card
The IRS and the U.S. Treasury Department will begin sending economic stimulus payments on preloaded debit cards this week, the Trump administration said on Monday.
The IRS and the U.S. Treasury Department will begin sending economic stimulus payments on preloaded debit cards this week, the Trump administration said on Monday.
Survey: 40% of Americans fear they won't be able to retire
The current economic crisis has many Americans already planning to dip into their 401(k)s, but there are better options.
The current economic crisis has many Americans already planning to dip into their 401(k)s, but there are better options.
Coronavirus pandemic puts Social Security at risk of insolvency by 2030
Bipartisan Policy Institute estimated that the depletion date would jump from 2035 to 2029.
Bipartisan Policy Institute estimated that the depletion date would jump from 2035 to 2029.