Can the economy surge after the coronavirus? Many experts says it could take a while for the economy to return to normal .
Author: Paul Davidson, USA TODAY
Unemployment could top 32% as 47M workers are laid off amid coronavirus: St. Louis Fed
Unemployment could top 32% as 47 million Americans lose their jobs, according to a St. Louis Fed estimate.
Initial jobless claims surged to record 3.3M last week as coronavirus takes heavy toll on economy
The number of Americans applying for jobless benefits for the first time surged to record 3.3M last week
‘Quite ominous’: Unemployment claims for last week could reach several million due to COVID-19 layoffs
A report on first-time claims for jobless benefits could show several million Americans were laid off last week — the highest weekly total on record.
What we know: How the $2T coronavirus stimulus will affect you and the economy
Here’s how the COVID-19 relief package affects you and the economy. The bill provides lifelines to working Americans, the unemployed, contractors.
It’s not just restaurants and movie theaters cutting jobs. Small business layoffs spread.
It’s not just restaurants and movie theaters that are eliminating jobs. Small businesses of all kinds are laying off workers.
Unemployment claims, a gauge of layoffs, may hit record 2.5M this week: Goldman Sachs
Initial claims for unemployment benefits may total record 2.5 million this week as coronavirus outbreak spreads, according to a Goldman Sachs estimate
Fed to bolster money market funds amid stresses caused by coronavirus impact
The Fed will lend to financial institutions to ease strains among money market mutual funds as redemption demands increase.
A recession has probably begun. How bad will a coronavirus-triggered downturn be?
The coronavirus almost certainly has already triggered a recession. How bad will it be? And how long will it last?
What kind of stimulus should Congress pass to rescue the economy?
Economists say a massive stimulus is needed to rescue the economy from the effects of the coronavirus.