economy

Senate Republicans are at odds over whether to extend the expanded unemployment benefits Congress passed in March to mitigate the economic toll on workers who were laid off during the coronavirus pandemic. Americans who have recently lost their jobs are currently receiving an extra $600 a week in jobless benefits, which are due to run …

About 1.4 million Americans applied for unemployment benefits once again last week, new data show — a troubling sign that the nation’s recovery from the coronavirus crisis is unraveling. Workers now have filed more than 52 million initial jobless claims since layoffs spiked in mid-March, suggesting about a third of the American labor force has …

A group of economists and business leaders urged Congress on Monday to include healthcare price transparency in the next COVID-19 stimulus package. In a letter sent to President Trump and other GOP leadership, signatories — including former House speaker Newt Gingrich, Forbes Media chairman and CEO Steve Forbes, former state treasurer of Ohio Ken Blackwell …

The number of initial jobless claims recorded last week stood at 1.3 million, down 10,000 from the previous week and signaling a possible stall in labor market recovery. While initial claims have declined drastically since the coronavirus pandemic caused mass closures of businesses, the decline has leveled off in recent weeks, according to data released …

Some 1.3 million Americans applied for unemployment benefits last week as the coronavirus pandemic kept the US job market under pressure, new data show. That means workers have submitted more than 51 million initial jobless claims in 17 weeks amid the worst economic crisis since the Great Depression — a number larger than the populations …

Joe Biden on Tuesday outlined a $2 trillion four-year plan to create economic opportunities and strengthen infrastructure through investments in clean energy technologies. Speaking in his hometown of Wilmington, Del., the presumptive Democratic presidential nominee announced a plan that would increase the use of clean energy in the transportation, electricity and building sectors. His campaign …

A third of the world’s small businesses slashed jobs as the coronavirus ate into their sales and forced many to shut down, a new survey shows. The figures released Tuesday detail a bleak landscape for small merchants around the globe as they grapple with COVID-19 and the massive economic crisis it has caused. Some 33 …

The government’s extensive coronavirus spending pushed the U.S. budget deficit to a record high $3 trillion for the 12 months ending with June, the Treasury Department announced Monday. Federal spending topped $1.1 trillion in June, more than twice the government’s average monthly spending, pushing the monthly deficit to a record high of $864 billion. During June …

California on Monday announced a major rollback of its reopening process as the state’s average daily caseload of coronavirus cases passed double what it was a month ago. During a news conference Monday afternoon, Governor Gavin Newsom announced that he is ordering bars to shut down and said other businesses including wineries, breweries, movie theaters, …

The US economy may not shake its bad case of the coronavirus for another two and a half years, a new economic forecast warns. The nation is in for a gradual economic recovery from the “depression-like crisis” sparked by the pandemic, with production and employment likely to remain under pressure through the end of 2022, …