A resurgence of confirmed COVID-19 cases across the South and West — and the suspension or reversal of re-openings of bars, hotels, restaurants and other businesses — is endangering hopes for an economic rebound in the region and perhaps nationally.

Tagged with: coronavirus coronavirus economic impact COVID-19 Yongseok Shin

Three months after the viral outbreak shut down businesses across the country, U.S. employers are still shedding jobs at a heavy rate, a trend that points to a slow and prolonged recovery from the recession.

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Missouri's governor cut another $209 million from this year's budget, including deep cuts in education, following a steep drop in revenues because of the coronavirus.

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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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Alaska has no income or statewide sales taxes, and it cuts residents a check every year from its oil wealth. But the future of that unique payout is in question amid low oil prices and an economy battered by the ...

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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. Roughly 36 million people ...

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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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Brutal. Horrific. Tragic. Choose your description. The April jobs report showed, in harrowing detail, just how terribly the coronavirus outbreak has pummeled the U.S. economy. Most obviously, there’s the 14.7 percent unemployment rate, the highest since the Great Depression. And ...

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Americans are slowly getting back on the road after hunkering down due to the coronavirus, though the volume of traffic is still well below what it was before many states issued stay-at-home orders. Drivers in the U.S. have been more ...

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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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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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