Another 787,000 workers file initial jobless claims as businesses continue to lay off large numbers of workers amid COVID-19 pandemic
Author: Paul Davidson, USA TODAY
Trump says economic recovery is V-shaped, Biden says it’s a K. Who’s right and what does it mean?
In Tuesday’s debate, Trump said the economic recovery is V-shaped while Biden said it’s a K. Who’s right and what do the letters mean anyway?
U.S. could slip into double-dip recession if Congress doesn’t pass new stimulus, some economists say
The nation could slip back into recession if Congress doesn’t pass another stimulus package, economists say.
Fed vows to keep rates near zero until inflation tops 2%, likely keeping meager rates 4 to 5 years
The Fed signaled key rate will stay near zero until inflation exceeds 2% and averages 2% over time, maintaining low rates for 4 or 5 more years
Median U.S. household income rises 6.8% to $68,700 in 2019, poverty rate falls for fifth year
U.S. median household income rose 6.8% to $68,700 in 2019
More workers hit with pay cuts than in last recession, and stagnant wages could linger
Many U.S. workers have been socked by cuts in hours or pay during the pandemic. The effects could linger in meager wage growth for years.
Another 857,000 workers file for unemployment as layoffs persist amid COVID-19 pandemic
857K more workers sought unemployment last weeks as layoffs persist during COVID-19 crisis
Economy added 1.4M jobs in August as unemployment fell to 8.4% amid persistent COVID-19 outbreaks
The U.S. economy added 1.4M jobs in August as COVID-19 cases remained high in some hot-spot states while others continued to reopen as outbreaks eased
Unemployment claims figures could be much lower because of new seasonal adjustment approach
Unemployment claims for last week and going forward could be lower because of a new seasonal adjustment method
Coronavirus pandemic likely to leave legacy of fear and uncertainty that holds back economy for decades
The COVID-19 crisis is creating fear and uncertainty that could dampen investment and economic growth for up to 70 years, a study finds.