About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
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.
If you’re one of the millions of Americans making less or receiving unemployment benefits because of the coronavirus pandemic, you’re probably working to recalibrate your finances.
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.
The unemployment rate could reach 16% or more. Twenty-one million jobs may have been lost in April.
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.
Mortgage balances, the largest component of household debt in the U.S., jumped by $156 billion in the first quarter.
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.
Fewer than half of working-age Americans could earn a paycheck in May as the coronavirus pandemic triggers millions of job losses.
Smaller businesses that need coronavirus relief will get to move to the front of the line come Wednesday.
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 order will use the Defense Production Act to classify meat processing as critical infrastructure to keep production plants open, according to the Associated Press.
As some governors across the United States begin to ease restrictions imposed to stop the spread of the coronavirus, hopes are soaring that life as Americans knew it might be returning.
Florida’s economy could take an estimated $859 million hit as a result of school campuses being closed for six weeks during the coronavirus pandemic.