May’s unemployment report was stunning — here’s what happened, and why economists got it wrong
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
Trump says White House to announce tax incentives for restaurants, entertainment industry 'soon'
Trump first floated a proposal to restore tax deductions for businesses spending money at restaurants and on entertainment at the end of March.
Kudlow says next coronavirus relief package needs to include 'long-term' measures to support economy
Some options currently under consideration at the White House include a payroll tax cut.
US job growth roared back in May: These industries saw the biggest gains
The biggest gains took place in the leisure and hospitality industry.
Trump signs PPP reform bill loosening restrictions on small business loan recipients
Small business owners now only have to spend 60 percent of the aid on maintaining payroll.
Unemployment rate drops to 13.3% in May, signaling return of US jobs
Economists surveyed by Refinitiv expected the report to show that unemployment rose to 19.8 percent in May.
Some jobs lost to coronavirus are gone for good, despite reopening
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.
White House considers up to $1T for next coronavirus aid package: Report
Senate Majority Leader Mitch McConnell has told Trump officials behind closed doors that another round of fiscal stimulus from Congress could be just under $1 trillion.
US jobs beginning to return from coronavirus shutdown. Which industries are hiring?
Hiring has resumed in some of the hardest-hit industries as states start to reopen.
US unemployment could be under 10% by end of year: Labor Secretary
The U.S. unemployment rate surged to 14.7 percent in April.
Over 1.87M Americans filed for unemployment last week as states ease coronavirus restrictions
The number of job losses is beginning to slow as states reopen their economies
Which 5 countries own the most US debt?
The national debt is about $25 trillion
Coronavirus relief money went to companies that dodged US taxes, report finds
At least 428 public companies received forgivable loans totaling more than $1.36 billion from the program
One-quarter of Americans would increase risk of coronavirus exposure to shorten economic recovery
Respondents largely agreed that reopening nonessential businesses was the most important policy.
Next coronavirus relief bill could include changes to unemployment benefits, Hassett says
More than 40 million Americans have lost their jobs as a result of the coronavirus-induced economic shutdown, a rate unseen since the Great Depression.
US private sector lost 2.7M jobs in May
The coronavirus pandemic has devastated the nation's economy and labor market.
White House mulls more coronavirus relief: Here's what it could include
So far, Congress has passed four massive stimulus packages totaling nearly $3 trillion to blunt the economic pain from the virus outbreak.
What is the US deficit?
The Treasury Department plans to borrow $2.9 trillion from April through June to cover the government's response to the outbreak of the virus.
What is the US national debt, and how does it affect the economy?
The federal government regularly spends more than it collects, adding billions to the national debt.
US jobs market shows early signs of coronavirus recovery, Goldman says
Although Goldman economists initially expected unemployment to reach a high of 25 percent in June, real-time numbers suggested it actually peaked in May at about 21.5 percent.