COVID-19 and the Economy

Study authors found that while the two-dose vaccines were 94-95% effective in preventing COVID-19 from the delta and lambda variants, the Johnson & Johnson vaccine had only 66.9% efficacy “in preventing moderate to severe disease.”

Fears of the spreading delta variant of the coronavirus prompted a slide in stocks on Monday. Airlines, hotels, cruise ships, and other tourism-based companies had some of the biggest stock losses.

The recession that broke out with the onset of the coronavirus pandemic lasted just two months, officially ended in April 2020. That makes it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.

The United States set another pandemic low in this week's jobs report, showing only 360,000 first-time filers for unemployment.

U.S. unemployment claims rose slightly last week by 2,000 to a total of 373,000, even as the economy and the job market appear to be rebounding.

The court on Tuesday rejected a plea by landlords to end the Centers for Disease Control and Prevention moratorium on evicting millions of tenants who aren't paying rent during the coronavirus pandemic.

The number of teens who were able to get jobs during the summer of 2020 saw its lowest level since the Great Recession in 2008.

The number of Americans claiming unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly from pandemic woes.

Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift that many companies can’t fill jobs or acquire enough supplies to meet a pent-up burst of customer demand.

U.S. employers in May added 559,000 jobs, which was better than April but still a sign that many companies are struggling to find enough workers.

Unemployment benefit applications in the U.S. have dropped to 385,000, down 20,000 from the week before.