Home Depot to open 3 new distribution centers, creating 1,000 jobs in greater Atlanta

The Home Depot announced Tuesday that it will open three new distribution centers in Georgia over the next 18 months. The expansion is projected to bring approximately 1,000 additional jobs to the Atlanta area, including full-time and part-time positions.  

US manufacturing improves in July, outlook clouded by coronavirus

The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signals that U.S. manufacturing is expanding.

Tsunami of evictions on the horizon if Congress fails to act

The federal moratorium on evictions has expired. If that’s not extended, by mid-August, eviction notices will be activated. 

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.

What's in the proposals to replace COVID-19 unemployment benefits?

Some of the financial safety nets put into place to help families struggling to pay bills during this pandemic are gone, but the economic problems we are facing are not.

Struggling merchants, insurers battle over pandemic coverage

Restaurants, bars and other merchants struggling to stay afloat during the coronavirus pandemic are desperately reaching out for a lifeline from insurers who say they are being miscast as potential saviors.

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.

More payments, extended benefits:  Inside the GOP's COVID stimulus proposal

The framework is expected to extend — but reduce substantially — just-expired expanded unemployment benefits, send a fresh round of $1,200 stimulus check to American adults earning less than $75,000 in August and funnel tens of billions of dollars in aid to schools and universities.

Business economists sketch a more hopeful outlook

In the past three months, the outlook for the U.S. economy has improved in the eyes of business economists. However, the optimism is couched somewhat by the resurgence of the coronavirus.

Many Americans should be getting $1,200 checks in August, Treasury Secretary says

Treasury Secretary Steve Mnuchin says that many Americans will be getting another $1,200 stimulus check in August. But, he says that the GOP is determined to cut down the $600/week in extra federal unemployment benefits that millions have been getting for months.

No virus bill yet: White House, GOP at odds over jobless aid

Senate Majority Leader Mitch McConnell sent senators home, promising a Republican proposal would be ready on Monday.

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.

US new home sales jump 13.8% in June

The Commerce Department reported Friday that the June gain pushed sales of new homes to a seasonally adjusted annual rate of 776,000. The increase follows a 19.4% jump in May.

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.

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.