Most PPP recipients expect to run out of money by August, study finds
A majority of small businesses that tapped the taxpayer-funded Paycheck Protection Program expect to run out of money by the first week of August, according to a Goldman Sachs survey released Tuesday.
A majority of small businesses that tapped the taxpayer-funded Paycheck Protection Program expect to run out of money by the first week of August, according to a Goldman Sachs survey released Tuesday.
Average gas price rises over last 2 weeks
The average U.S. price of regular-grade gasoline increased by 2 cents over the past two weeks, to $2.24 per gallon.
The average U.S. price of regular-grade gasoline increased by 2 cents over the past two weeks, to $2.24 per gallon.
US wholesale prices fell 0.2% in June as food costs plunged
U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.
U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.
US economy may be stalling out as viral outbreak worsens
Another 1.3 million workers sought unemployment last week, according to the Department of Labor.
Another 1.3 million workers sought unemployment last week, according to the Department of Labor.
US adds 4.8 million jobs as unemployment falls to 11.1%
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
Another 1.48 million laid-off workers seek US jobless aid
The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.
The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.
Texans still experiencing delays receiving unemployment benefits
The TWC added eight call centers that operate 7 days a week and beefed up their computer servers to handle the nearly two million people who applied for unemployment when the shutdown began. But they say many calls are still coming in and they're working to answer them.
The TWC added eight call centers that operate 7 days a week and beefed up their computer servers to handle the nearly two million people who applied for unemployment when the shutdown began. But they say many calls are still coming in and they're working to answer them.
Only 47% of Americans are losing sleep over money despite pandemic: Study
For the 47 percent who are worried about money issues currently, 23 percent said their cause of stress revolved around everyday expenses, which Bankrate noted was down from the 32 percent who said the same last year.
For the 47 percent who are worried about money issues currently, 23 percent said their cause of stress revolved around everyday expenses, which Bankrate noted was down from the 32 percent who said the same last year.
US new home sales rise surprisingly strong 16.6% in May
Sales of new homes rose a surprisingly strong 16.6% in May suggesting that the reopening of major parts of the country were giving a boost to the housing market.
Sales of new homes rose a surprisingly strong 16.6% in May suggesting that the reopening of major parts of the country were giving a boost to the housing market.
1.5 million more laid-off workers seek unemployment benefits
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.
US unemployment drops unexpectedly to 13.3% amid outbreak
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.
1.9 million seek jobless aid even as reopenings slow layoffs
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
41 million have lost jobs since virus hit, but layoffs slow
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
Nearly 39 million have sought US jobless aid since virus hit
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
Survey: 55 percent of employees say they work 1-10 extra hours remotely amid COVID-19
A recent survey done by Fishbowl, a employee social networking platform, found that the majority of its respondents said they were are working up to 10 more hours at home than they normally would if they were still working from their offices.
A recent survey done by Fishbowl, a employee social networking platform, found that the majority of its respondents said they were are working up to 10 more hours at home than they normally would if they were still working from their offices.
US retail sales plunged 16% in April as virus froze economy
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
In coronavirus economy, financial advisers telling clients these 3 key things
Here are three pieces of advice our advisers are sharing with clients to calm fears amid the current market climate.
Here are three pieces of advice our advisers are sharing with clients to calm fears amid the current market climate.
Lost your job? Here's what you need to know
Nearly 33.5 million Americans have lost their jobs and applied for unemployment benefits in the past 7 weeks — a stunning record high that reflects the near-complete shutdown of the U.S. economy.
Nearly 33.5 million Americans have lost their jobs and applied for unemployment benefits in the past 7 weeks — a stunning record high that reflects the near-complete shutdown of the U.S. economy.
Jobless rate spikes to 14.7%, highest since Great Depression
The unemployment rate could reach 16% or more. Twenty-one million jobs may have been lost in April.
The unemployment rate could reach 16% or more. Twenty-one million jobs may have been lost in April.
Billionaires got $283B richer during coronavirus: Study
U.S. billionaire wealth collectively increased by $238 billion, a 10 percent gain, from March 18 to April 10 when more than 22 million Americans lost their jobs, according to a study by the Institute for Policy Studies, a progressive think-tank.
U.S. billionaire wealth collectively increased by $238 billion, a 10 percent gain, from March 18 to April 10 when more than 22 million Americans lost their jobs, according to a study by the Institute for Policy Studies, a progressive think-tank.