Unemployment claims jump to 853,000 amid resurgence of COVID-19

The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that some companies are cutting more jobs as new virus cases spiral higher.

US economy will return to pre-pandemic levels by second-half of 2021, experts predict

The U.S. economy's growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year.

Employers add a modest 245,000 jobs in November as coronavirus pandemic intensifies

America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.

Unemployment claims remain high at 712,000 as COVID-19 pandemic escalates

The number of Americans applying for unemployment benefits fell last week to a still-high 712,000, the latest sign that the U.S. economy and job market remain under stress from the intensified viral outbreak.

IRS admits to erroneously sending $34M in COVID-19 stimulus funds overseas

The IRS acknowledged that it was responsible for sending $34 million worth of COVID-19 stimulus checks to ineligible people living outside of the United States.

Work in paradise: Hawaii offering incentives to remote workers who move to state

Hawaii’s new Movers and Shakas program hopes to attract talented individuals to the islands to work remotely, forging an economy resilient to economic downturns like the one triggered by the COVID-19 pandemic.

Minnesota projects $641 million surplus, fueling talk of business relief

Minnesota budget officials said Tuesday they expect a $641 million surplus between now and June, revising their earlier prediction of a $2.4 billion shortfall from the May report.

Biden unveils economic team at critical moment for recovery

President-elect Joe Biden on Tuesday introduced top advisers he says will help his administration rebuild an economy hammered by the coronavirus pandemic.

Minnesota shops hope for strong holiday sales as they fight through pandemic struggles

Small Business Saturday is always a day that's important for shops and stores across Minnesota and the country. But, this year, the shopping holiday is even more critical for small businesses looking to make it through the COVID-19 pandemic.

Black Friday crowds thin amid surging COVID-19 pandemic as retailers push online sales

In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers eager to get started on their holiday spending. But these are not normal times.

Small Business Saturday more critical this holiday season amid coronavirus pandemic

Sandwiched between Black Friday and Cyber Monday is Small Business Saturday, a national initiative to shop local and break away from large box stores. However, this year shoppers will notice a few changes because of COVID-19.

How Black Friday and holiday shopping have changed for 2020

In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers eager to get started on their holiday spending. But these are not normal times.

US economy sprints toward normal in 2021 but with coronavirus scars

With the help of COVID-19 vaccines and, possibly, more government relief, the U.S. economy may return to normal by the second half of next year.

MN Black Box: Minnesota woman is showcasing Black-owned businesses through new endeavor

With small businesses struggling to stay afloat nationwide, the pandemic is hitting Black-owned businesses especially hard. In our Voices for Change series, we are getting a look at how a local entrepreneur is showing support with hopes it pays off.

Unemployment claims rise to 778,000 as COVID-19 pandemic worsens

The number of Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.

Economists urge Congress to send out second round of $1,200 stimulus checks

A group of more than 125 economists is calling on Congress to send out more direct cash payments to American families to help them weather the coronavirus pandemic and subsequent economic downturn.

UK signs trade deal with Canada to prepare for Brexit

The U.K. has signed an interim trade deal with Canada to give the government more time to negotiate future trading rules as it prepares the country for business life outside the European Union.