U.S. employers added 2.5 million workers last month, pushing the unemployment rate down to 13.3 percent, a sharp turnaround from the loss of 8 million jobs expected by Wall Street analysts that would have pushed unemployment to 19.8 percent.
The coronavirus pandemic has been a disaster but we are starting to see a bright light at the end of the tunnel.
These 10 occupations had the highest percentage of layoffs, reduced hours and reduced pay because of the coronavirus pandemic.
J.C. Penney is in talks to potentially be bought out of bankruptcy by private equity firm Sycamore Partners, according to Reuters.
California utility PG&E Corp is preparing an $11 billion debt-financing package as it prepares to exit from its bankruptcy, an investor involved with the company's funding plan said on Friday, sending its shares up more than 12 percent
Expert says continued losses are not completely unexpected.
The Labor Department reported on Friday morning that employers actually added 2.5 million jobs last month — the most ever created in a one-month period
I'm bullish on a restaurant recovery. Here's why.
This is not a typical recession.
The biggest gains took place in the leisure and hospitality industry.
Small business owners now only have to spend 60 percent of the aid on maintaining payroll.
The nation's unemployment rate dropped to 13.3 percent from 14.7 percent.
The U.S. economy added 2.5 million jobs in May as the unemployment rate fell to 13.3 percent.
Economists surveyed by Refinitiv expected the report to show that unemployment rose to 19.8 percent in May.
As the the coronavirus and now protests across the U.S. have shed new light on economic inequalities, some experts say it’s time to rethink work, wages and health benefits.
While the number is expected to be huge, it should indicate a slowing as more businesses gradually or partially reopen
Pacific Gas & Electric's proposal to pay $25.5 billion for a series of deadly Northern California wildfires ignited by its equipment faced a final barrage of resistance from critics Thursday, who told a federal judge that the plan will do more to enrich savvy investors than help fire victims rebuild their lives.
A new job market report released by recruiting site Glassdoor found that the city of Seattle was the only area in the United States in May to see job growth during the coronavirus pandemic.
The policy will have positive near-term effects on U.S. output but will reduce employment over the coming years.
AutoNation furloughed 7,000 employees and half of them won't be coming back.