Business

Nearly 80% of the 346,000 workers who vanished from the U.S. labor force in January are women

The pandemic forced another 275,000 women out of the U.S. labor force in January, worsening the catastrophic employment crisis for working women. Women accounted for almost 80% of U.S. adults who stopped working or looking for work last month, according to an analysis of Friday’s jobs report by the National Women’s Law Center. More than […]

Business

The COVID recession may kill more Americans than COVID-19 does

The economic effects of COVID-19 could prove deadlier than the disease itself.  So says just-released research, which concludes that the total lives lost to the virus in the U.S.  may “far exceed those immediately related to the acute COVID-19 critical illness…. [T]he recession caused by the pandemic can jeopardize population health for the next two decades.” The […]

Business

By one measure, this recovery is 10 times faster than the one after the Great Recession—but there’s a catch

The early months of the coronavirus pandemic saw the U.S. economy plunge at its fastest rate in history. Over a two-month period, the jobless rate shot up from 3.5% in February 2020 to 14.7% in April—its highest level since 1940—while second quarter GDP declined 32.9% on an annualized basis. During this period the Congressional Budget […]

Business

Stimulus update: When to expect $600 checks and $300 enhanced unemployment payments

You can’t blame Americans for being eager to receive their stimulus money: With a weakening economic recovery and an out-of-control pandemic, the direct payments included in the $900 billion stimulus package signed into law by President Donald Trump on Dec. 20 are literally a lifeline for millions of Americans. That $900 billion economic aid package […]

Business

Trump’s delayed signing of the new relief bill won’t create a loss of unemployment payments after all

A $900 billion stimulus bill passed into law on Sunday will, along with other programs, provide extended and enhanced unemployment benefits to millions of Americans. But leading up to the bill’s passage, state agencies and labor experts believed that President Donald Trump’s delay in signing the bill would create a one-week gap in benefits for […]

Business

The fate of $2,000 stimulus checks gains momentum, increasing the pressure on Senate Republicans

President Donald Trump’s push for $2,000 COVID-19 relief checks now rests with the Senate after the House voted overwhelmingly to meet the president’s demand to increase the $600 stipends, but Republicans have shown little interest in boosting spending. The outcome is highly uncertain heading into Tuesday’s session. Senate Majority Leader Mitch McConnell has declined to […]

Business

Everything jobless Americans need to know about the $300 unemployment benefit

President Donald Trump on Sunday backed off his veto threat and signed the $900 billion stimulus bill—a move that should immediately benefit millions of unemployed Americans, even if its $600 checks have been roundly criticized as insufficient relief for the economic damage wrought by the coronavirus pandemic. For starters, the package will bring back weekly […]

Business

AP source: Trump signs COVID relief bill, averts government shutdown

President Donald Trump has signed a $900 billion pandemic relief package that will deliver long-sought cash to businesses and individuals. A congressional Republican aide tells The Associated Press that the president has signed the measure. The aide was not authorized to discuss the matter publicly and requested anonymity. The massive bill includes $1.4 trillion to […]