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Tag Archives: coronavirus economic impact

Kansas governor slows reopening; limits to go into late June

Democratic Gov. Laura Kelly has slowed down the reopening of Kansas’ economy, ordering bars and bowling alleys to remain closed through the end of the month and keeping some coronavirus-inspired restrictions in place until near the end of June. Kelly’s ...

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Powell warns of a possible sustained recession from pandemic

Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. The Fed and Congress have taken ...

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Jobless rate spikes to 14.7 percent, highest since Great Depression

The U.S. unemployment rate hit 14.7 percent in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done ...

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College class of 2020 will graduate into wobbly economy

With graduation looming, the future is looking a lot less bright than it did just a few months ago for college seniors. They are entering a job market flooded with tens of millions of workers who have lost their jobs ...

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