US jobless claims rise to 885,000 amid resurgence of coronavirus
The number of Americans applying for unemployment benefits rose again last week to 885,000 as a resurgence of coronavirus cases threatens the economy’s recovery.
California's growth rate hits record low as more people leave state
California saw its slowest growth rate on record for the nation’s most populous state, adding just 21,200 people during the year that ended in July.
California’s commercial crab season to open December 23
There could be Dungeness crab for Christmas after all. The California Department of Fish and Wildlife announced Friday commercial crab season will open statewide on Wednesday, Dec. 23.
Unemployed Americans losing benefits on Dec. 26 face bleak holiday season
Unemployed people interviewed by KTVU expressed disappointment with the lack of enduring economic support during a pandemic, and lamented the loss of a comfortable and joyous holiday season.
US budget deficit up 25.1% in first 2 months of budget year
The Treasury reported that with two months gone in the budget year, the deficit totaled $429.3 billion, up from $343.3 billion last year.
Airbnb prices shares at $68 ahead of Thursday IPO
Thirteen years after its founders first rented air mattresses in their San Francisco apartment, Airbnb is making its long-awaited stock market debut.
New White House offer adds $600 stimulus checks to COVID-19 relief
It proposes the $600 direct payment for individuals and $1,200 for couples, which is half the payment delivered by the March pandemic relief bill.
US economy will return to pre-pandemic levels by second-half of 2021, experts predict
The U.S. economy's growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year.
Employers add a modest 245,000 jobs in November as coronavirus pandemic intensifies
America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.
Unemployment claims remain high at 712,000 as COVID-19 pandemic escalates
The number of Americans applying for unemployment benefits fell last week to a still-high 712,000, the latest sign that the U.S. economy and job market remain under stress from the intensified viral outbreak.
IRS admits to erroneously sending $34M in COVID-19 stimulus funds overseas
The IRS acknowledged that it was responsible for sending $34 million worth of COVID-19 stimulus checks to ineligible people living outside of the United States.
Work in paradise: Hawaii offering incentives to remote workers who move to state
Hawaii’s new Movers and Shakas program hopes to attract talented individuals to the islands to work remotely, forging an economy resilient to economic downturns like the one triggered by the COVID-19 pandemic.
Coronavirus aid, federal funding remain unresolved as Congress returns
Congress is returning to Washington for one last attempt at deal-making this year.
Absent new stimulus, wealthy pay off credit cards, while others dive deeper into debt
Credit cards reveal yet another example of the “K-shaped recovery” wherein high earners are recuperating, or even increasing their wealth during the economic downturn, and lower income earners are flailing.
1 in 10 Americans did not have enough food to eat last week, according to the US Census Bureau
As people continue to lose jobs in a crippled economy during the ongoing COVID-19 pandemic, the uncertainty of providing food for a full household only adds to the stress.
Oklahoma organization offering $10K if you move to Tulsa for remote work
Tulsa Remote is an incentive program offering $10,000 to out-of-state remote workers who move to Oklahoma.
12 million Americans will soon lose unemployment benefits—can they expect a stimulus?
When 12 million Americans will be cut off from unemployment benefits the day after Christmas, how will they pay the bills?
Unemployment claims rise to 778,000 as COVID-19 pandemic worsens
The number of Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.
Dow crests 30,000 points on vaccine hopes, Biden transition
The Dow Jones Industrial Average traded above 30,000 points for the first time on Nov. 24 as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.
Economists urge Congress to send out second round of $1,200 stimulus checks
A group of more than 125 economists is calling on Congress to send out more direct cash payments to American families to help them weather the coronavirus pandemic and subsequent economic downturn.