Nearly 39 million have sought US jobless aid since virus hit

Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.

Millennial Money: Put off debt payments to start saving now

If you’re one of the millions of Americans making less or receiving unemployment benefits because of the coronavirus pandemic, you’re probably working to recalibrate your finances.

Dow surges over 900 points amid coronavirus vaccine progress as lockdowns ease

U.S. equity markets soared Monday after drugmaker Moderna announced progress toward a COVID-19 vaccine and as lockdowns continued to ease nationwide.

US retail sales plunged 16% in April as virus froze economy

U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.

3 million more US layoffs intensify fears of lasting damage

Roughly 36 million people have now sought jobless aid in just the two months since the coronavirus first forced businesses to close down and shrink their workforces, the government said Thursday.

36 million have sought US unemployment aid since virus hit

Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions.

Distinct possibility: ‘Temporary’ layoffs may be permanent

Call it realism or pessimism, but more employers are coming to a reluctant conclusion: Many of the employees they’ve had to lay off in the face of the coronavirus pandemic might not be returning to their old jobs anytime soon.

Minnesota projects $2.4B budget deficit as COVID-19 pandemic hammers state's economy

Gov. Tim Walz left the door open to state worker layoffs Tuesday after Minnesota budget officials said the coronavirus pandemic would cause a $2.4 billion budget deficit.

US jobless claims soar past 30 million as 3.8 million more workers seek aid

More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.

US economy shrank at 4.8% rate last quarter as coronavirus struck

The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.

1 in 4 Americans have lost job because of coronavirus; most think they'll return to work

One out of every four American adults say someone in their household has lost a job to the coronavirus pandemic, but the vast majority expect those former jobs will return once the crisis passes

Minnesota joins Midwestern pact on when to reopen the regional economy

Minnesota Gov. Tim Walz has joined a pact with six other Midwestern governors, pledging to work in "close coordination" on how to reopen the regional economy.