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Tag Archives: US jobs

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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Loan program is short-term fix, not cure-all, for businesses

A mannequin displays fashion masks for shoppers the buy at the Highland Park Village shopping center in Dallas. Many people consider the Paycheck Protection Program that promised nearly $670 billion in forgivable loans to help companies rehire laid-off workers to already be a success because millions of businesses have gotten the money. But owners and business groups have said loans weren’t getting to companies most in need and it wasn’t arriving fast enough. AP Photo by LM Otero

The Trump administration has dispensed about $530 billion to millions of small businesses to cushion them from the sharp downturn induced by the coronavirus. The question is: how effective will the Paycheck Protection Program be? Some small business owners say ...

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33 million have sought US unemployment aid since virus hit

Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades. Roughly 33.5 million people have now filed for jobless aid in the ...

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