Joe Biden stood on the floor of a Wisconsin aluminum plant this week, shed the trappings of his decades in national politics and then took aim at the billionaire New Yorker he wants to evict from the Oval Office.
“I’ve dealt […]
WASHINGTON — Many American workers applying for unemployment benefits after being thrown out of a job by the coronavirus face a new complication: States’ efforts to prevent fraud have delayed or disrupted their payments.
California has said it will stop processing […]
WASHINGTON — The number of people seeking U.S. unemployment aid rose slightly last week to 870,000, a historically high figure that shows that the viral pandemic is still squeezing restaurants, airlines, hotels and many other businesses six months after it […]
WASHINGTON — The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high number of people that illustrates the broad economic damage still taking place nine months after the first case of COVID-19 was detected […]
WASHINGTON — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday.
The ocean of red ink is a product of the government’s massive spending to […]
WASHINGTON — U.S. unemployment dropped sharply in August from 10.2% to a still-high 8.4%, with about half the 22 million jobs lost to the coronavirus outbreak recovered so far, the government said Friday in one of the last major economic […]
JACKSON, Mississippi — Down to a weekly unemployment check of $96, Fakisha Fenderson brushed aside her doctor’s advice last month and began looking for a job.
In mid-May, Fenderson’s employer, a door manufacturer, sent her home after a co-worker tested positive […]
WASHINGTON — The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount.
The Commerce Department reported that the July deficit, the gap between what America buys and what […]
WASHINGTON — The number of laid-off Americans applying for unemployment benefits fell to a still-elevated 881,000 last week, evidence that the viral pandemic keeps forcing many businesses to slash jobs.
The latest figures, released Thursday by the Labor Department, suggest that […]
WASHINGTON — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional […]
WASHINGTON — U.S. companies added jobs at a modest pace last month, a private survey found, a sign that while hiring continues, it is only soaking up a relatively small proportion of the unemployed.
Payroll processor ADP said Wednesday that businesses added 428,000 […]
BALTIMORE — The U.S. economy shrank at an alarming annual rate of 31.7% during the April-June quarter as it struggled under the weight of the viral pandemic, the government estimated Thursday. It was the sharpest quarterly drop on record.
The Commerce […]
WASHINGTON — Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime […]
WASHINGTON — The coronavirus recession struck swiftly and violently. Now, with the U.S. economy still in the grip of the outbreak five months later, the recovery looks fitful and uneven — and painfully slow.
The latest evidence came Thursday, when the […]
WASHINGTON — The number of Americans applying for unemployment dropped below 1 million last week for the first time since the coronavirus outbreak took hold in the U.S. five months ago, but layoffs are still running extraordinarily high.
The figures show […]
SILVER SPRING, Md. — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday.
The nation’s budgetary shortfall is expected to eventually reach levels for […]
WASHINGTON — U.S. hiring slowed in July as the coronavirus outbreak worsened, and the government’s jobs report offered signs Friday that the economic damage from the pandemic could last far longer than many observers originally envisioned.
The United States added 1.8 […]
WASHINGTON — The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is weakening hiring and the economic rebound.
Many employers have been reluctant or unable to […]
WASHINGTON— Stark evidence of the damage the resurgent viral outbreak has caused the U.S. economy could come Friday when the government is expected to report that the pace of hiring has slowed significantly after a brief rebound in the spring.
As […]
WASHINGTON — The Treasury Department is projecting government borrowing of $947 billion in the current July-September period, which would be a record for the quarter but down from the all-time high of $2.75 trillion in this year’s second quarter.
Treasury officials […]
WASHINGTON — The White House and some of its Republican allies in the Senate are signaling they want to extend, at least temporarily, a $600-per-week expanded jobless benefit that has helped keep families and the economy afloat during the COVID-19 […]
WASHINGTON (AP) — The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.9% annual rate last quarter and is still inflicting damage across the country, squeezing already struggling businesses and forcing a wave of layoffs that shows no […]
WASHINGTON— The government is poised Thursday to deliver a double-dose of sobering news — on the devastation the coronavirus caused the U.S. economy last quarter and the damage it continues to inflict on the job market.
The pandemic is believed to […]
WASHINGTON — Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic recovery that followed a collapse in hiring and spending this spring. As a result, he said, the Fed plans to keep interest […]
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