Author: Paul Davidson, USA TODAY

The economy added 4.8M jobs in June as states allowed more businesses shuttered by the coronavirus to reopen. Economists had forecast 3M gains.

3.1M job gains are projected for June even as 1.3M Americans likely filed first-time jobless claims last week. Even as states reopen, layoffs persist.

The spike in coronavirus infections and decisions by 17 states to pause or roll back reopening plans could hurt the economic recovery.

The minimum wage is set to increase in 3 states and 21 localities on Wednesday . That helps workers struggling as coronavirus aid programs phase out.

Relief measures from the CARES Act are set to end, including a $600 jobless benefit, eviction moratoriums, suspensions of utility disconnects.

The Fed’s Main Street Lending Program drew a strong response from banks after launching last week. But critics say it should encourage riskier loans.

Another 1.5M Americans filed initial jobless claims last week amid the coronavirus pandemic even as states continue allowing businesses to reopen.

During a historic period of racial tensions, Trump’s plan for a rally in Tulsa, Oklahoma is calling attention to a 1921 race massacre in that city

An additional 1.5 million Americans filed first-time jobless claims as layoffs persist even as states reopen economies.

Global stock markets tumbled Thursday after the Federal Reserve signaled a long path to recovery from the devastation of the coronavirus pandemic.