Second coronavirus outbreak poses biggest risk to US economy, experts say
The virus has killed more than 110,000 Americans and triggered a shutdown of the nation’s economy that is without precedent.
States offering shared-work programs to help some businesses dodge layoffs
A shared-work program lets employers keep workers on the payroll in a limited capacity
New normal for job seekers is remote work despite coronavirus reopenings
Americans getting new jobs during the COVID-19 pandemic will likely be working from home despite offices reopening across the country, new data suggest.
Black business owners decimated by coronavirus pandemic, study finds
The report highlights a growing disparity in the economic toll of the crisis across racial groups.
US deficit soars to $1.9T in 8 months
Federal spending climbed 53 percent last month to $598 billion in May.
Will there be another coronavirus relief bill after surprise jobs gain? What we know
White House officials have maintained that another round of aid is still needed to incentivize economic growth.
Unemployment today is lower than May numbers show: Labor secretary
Economists were surprised after the Labor Department reported a lower-than-expected 13.3 percent unemployment rate last week
What type of economy does the US have?
In a true free-market economy, all property must be owned by private individuals and all goods and services must be privately provided.
Unemployment report 'biggest positive data shock' for markets in history: El-Erian
The Labor Department reported a lower-than-expected 13.3 percent unemployment rate.
Government job losses are piling up, and it could get worse
Even as the U.S. added some jobs in May, the number of people employed by federal, state and local governments dropped by 585,000.
Virus exposes sharp economic divide: College vs. non-college
Fewer than half of high school graduates are now working. Two-thirds of college graduates are.
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.