Record economic plunge, bleak jobs numbers reveal virus toll
The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.
The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.
Second stimulus check details revealed: Who is eligible?
The GOP unveiled details for a second round of direct payments to American households on Monday, in legislation that has been dubbed the HEALS Act.
The GOP unveiled details for a second round of direct payments to American households on Monday, in legislation that has been dubbed the HEALS Act.
$600 weekly unemployment benefit ends, but will it be extended? Here’s what you need to know
The $600 weekly boost in jobless aid that millions of people have received since early in the pandemic is set to expire.
The $600 weekly boost in jobless aid that millions of people have received since early in the pandemic is set to expire.
Poll: Nearly half say job lost to coronavirus won't return
Nearly half of Americans whose families experienced a layoff during the coronavirus pandemic believe those jobs are lost forever.
Nearly half of Americans whose families experienced a layoff during the coronavirus pandemic believe those jobs are lost forever.
White House drops payroll tax cut as GOP unveils virus aid
The White House has dropped a bid to cut Social Security payroll taxes as Republicans unveil a $1 trillion COVID-19 rescue package.
The White House has dropped a bid to cut Social Security payroll taxes as Republicans unveil a $1 trillion COVID-19 rescue package.
Jobless claims rise as cutoff of extra $600 benefit nears
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.
Why are coins hard to find during the pandemic?
The Federal Reserve has seen a significant decline of coins in circulation because people are not spending them as regularly at businesses, many of which are either temporarily closed or not accepting cash.
The Federal Reserve has seen a significant decline of coins in circulation because people are not spending them as regularly at businesses, many of which are either temporarily closed or not accepting cash.
Taxes are due Wednesday, July 15, three months later than usual
If you haven't filed your taxes yet, you're running out of time. The usual date was pushed back from April 15th to July 15th - which is Wednesday.
If you haven't filed your taxes yet, you're running out of time. The usual date was pushed back from April 15th to July 15th - which is Wednesday.
US economy may be stalling out as viral outbreak worsens
Another 1.3 million workers sought unemployment last week, according to the Department of Labor.
Another 1.3 million workers sought unemployment last week, according to the Department of Labor.
US adds 4.8 million jobs as unemployment falls to 11.1%
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
Walmart hires 265,000 veterans, promotes more than 44,000 to higher-paying roles
In addition to the VWHC, Walmart introduced the Military Spouse Career Connection on Veterans Day in 2018 to provide employment opportunities for military families.
In addition to the VWHC, Walmart introduced the Military Spouse Career Connection on Veterans Day in 2018 to provide employment opportunities for military families.
JCPenney to close 10 locations in Michigan as part of 149 store closures nationwide
JCPenney announced last week that it would close 136 across the country and on Monday announced 13 more would be closed. In the 149 total closures in the past five days, ten of the locations are in Michigan.
JCPenney announced last week that it would close 136 across the country and on Monday announced 13 more would be closed. In the 149 total closures in the past five days, ten of the locations are in Michigan.
Here's what's reopening in Michigan this week as COVID-19 lockdowns ease
The week of June 8 marks the reopening of several major industries in Michigan including bars and restaurants and some personal services in some parts of the state.
The week of June 8 marks the reopening of several major industries in Michigan including bars and restaurants and some personal services in some parts of the state.
US unemployment drops unexpectedly to 13.3% amid outbreak
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.
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.
When will Michigan enter Phase 4 of reopening, and what it will include
Michigan is currently in Phase 3 of Gov. Gretchen Whitmer's six-step plan to reopen the economy. What will it take to enter into Phase 4?
Michigan is currently in Phase 3 of Gov. Gretchen Whitmer's six-step plan to reopen the economy. What will it take to enter into Phase 4?
Michigan announces 31,000 employees to take 2 unpaid days off every pay period until July 25
Michigan Governor Gretchen Whitmer is announcing more than 31,000 state employees will take two unpaid days off every pay period for the next three months as the state fights the COVID-19 crisis and a dramatic budget shortfall.
Michigan Governor Gretchen Whitmer is announcing more than 31,000 state employees will take two unpaid days off every pay period for the next three months as the state fights the COVID-19 crisis and a dramatic budget shortfall.
Steak 'n Shake permanently closes 57 of its restaurants amid coronavirus crisis
When it comes to dining options, there will be fewer steaks and shakes to be had.
When it comes to dining options, there will be fewer steaks and shakes to be had.
White House explores $5,000 coronavirus stimulus check in exchange for delayed Social Security benefits
Typically, the earliest Americans can start collecting Social Security benefits is at 62
Typically, the earliest Americans can start collecting Social Security benefits is at 62
Front-line work during pandemic falls on women, minorities
While America contemplates getting back to business, the pandemic has taken its toll on workers who never stayed home.
While America contemplates getting back to business, the pandemic has taken its toll on workers who never stayed home.