US employers laid off 7.7 million workers in April
U.S. employers laid off 7.7 million workers in April _ a sign of just how deep the economic hole is after the closure of thousands of offices, restaurants, stores and schools during the pandemic.
U.S. employers laid off 7.7 million workers in April _ a sign of just how deep the economic hole is after the closure of thousands of offices, restaurants, stores and schools during the pandemic.
Georgia budget gap passes $850 million as revenues again lag
With a month left in the current budget year, Georgia’s shortfall widened to more than $850 million in May.
With a month left in the current budget year, Georgia’s shortfall widened to more than $850 million in May.
BP to cut 10,000 jobs worldwide amid COVID-19 pandemic
Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP’s global workforce of 70,000 people and come mostly this year.
Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP’s global workforce of 70,000 people and come mostly this year.
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.
Wall Street's rally zooms higher after surprise gain in jobs
The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.
The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.
Georgia DOL makes online UI forms easier to understand
Unemployment claims continue for the second week to head down. That’s good news, but still many are having trouble filing out those unemployment claims.
Unemployment claims continue for the second week to head down. That’s good news, but still many are having trouble filing out those unemployment claims.
JCPenney shutting down 154 stores after coronavirus-driven bankruptcy
Nearly three weeks after JCPenney filed for Chapter 11 bankruptcy, the company has announced it will close down 154 stores nationwide in 38 states as a first step in reorganizing the business.
Nearly three weeks after JCPenney filed for Chapter 11 bankruptcy, the company has announced it will close down 154 stores nationwide in 38 states as a first step in reorganizing the business.
FTC warns of ‘large scale’ unemployment fraud scam amid coronavirus pandemic
The Federal Trade Commission (FTC) is warning of a “large-scale scam erupting in the midst of the coronavirus pandemic” involving impostors who are filing claims for unemployment benefits using the personal information of people who have not filed any claims.
The Federal Trade Commission (FTC) is warning of a “large-scale scam erupting in the midst of the coronavirus pandemic” involving impostors who are filing claims for unemployment benefits using the personal information of people who have not filed any claims.
1.9 million seek jobless aid even as reopenings slow layoffs
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
Stocks fight for gains after Trump vows to quell rioting
U.S. equity markets fought for gains Tuesday after President Trump threatened to deploy the military to quell violence and looting in cities across America after the death of a black man in police custody in Minneapolis.
U.S. equity markets fought for gains Tuesday after President Trump threatened to deploy the military to quell violence and looting in cities across America after the death of a black man in police custody in Minneapolis.
Coronavirus could cause multitrillion-dollar decline in US economic output, new report shows
CBO expects a 'significant markdown' in GDP over the coming decade.
CBO expects a 'significant markdown' in GDP over the coming decade.
Stocks shrug off weekend riots, June begins on high note
ISM Manufacturing rose to 43.1 in May.
ISM Manufacturing rose to 43.1 in May.
Stocks jump for month as oil posts record gain
U.S. equity markets curbed the bulk of their losses Friday after President Trump announced a new wave of crackdown efforts on China, but stopped short of instituting new sanctions or upending the trade deal between the two countries.
U.S. equity markets curbed the bulk of their losses Friday after President Trump announced a new wave of crackdown efforts on China, but stopped short of instituting new sanctions or upending the trade deal between the two countries.
Mall of America postpones reopening due to 'significant unrest in the community'
Mall of America, which is located just outside of Minneapolis, said Friday that it has postponed its planned reopening amid unrest following the death of George Floyd.
Mall of America, which is located just outside of Minneapolis, said Friday that it has postponed its planned reopening amid unrest following the death of George Floyd.
Stocks retreat as Trump preps social media and China crackdowns
The Dow Jones Industrial Average fell 148 points, or 0.58 percent, while the S&P 500 slipped 0.21 percent.
The Dow Jones Industrial Average fell 148 points, or 0.58 percent, while the S&P 500 slipped 0.21 percent.
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.
Americans tapping retirement savings after coronavirus-led job loss, study finds
The sudden loss in income is causing a growing number of Americans to tap their retirement savings accounts.
The sudden loss in income is causing a growing number of Americans to tap their retirement savings accounts.
It’s not junk mail: Coronavirus stimulus payment debit cards come in plain envelope
Some have reportedly mistaken their Economic Impact Payment debit cards as junk mail after being confused by the envelope.
Some have reportedly mistaken their Economic Impact Payment debit cards as junk mail after being confused by the envelope.
Stocks pare gains fueled by America's reopening
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
Stocks soar on reopening optimism
U.S. equity markets surged to their best levels in months as states continued to reopen and as traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.
U.S. equity markets surged to their best levels in months as states continued to reopen and as traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.