1.5 million more laid-off workers seek unemployment benefits
The latest figure from the Labor Department marks the 11th straight weekly decline in applications since they peaked at nearly 7 million in March.
The latest figure from the Labor Department marks the 11th straight weekly decline in applications since they peaked at nearly 7 million in March.
24 Hour Fitness files for bankruptcy as it closes more than 130 US gyms
The California-based company is the latest casualty of the outbreak, announcing the Chapter 11 bankruptcy filing on June 15.
The California-based company is the latest casualty of the outbreak, announcing the Chapter 11 bankruptcy filing on June 15.
Dow dives on coronavirus surge
The closing bell ended with the Dow Jones Industrial Average down 6.9% Thursday, with a 1,861-point plunge that left all Dow companies in the red, and left investors with whiplash.
The closing bell ended with the Dow Jones Industrial Average down 6.9% Thursday, with a 1,861-point plunge that left all Dow companies in the red, and left investors with whiplash.
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.
Tasting room reopens at Napa's oldest winery
At Charles Krug, Napa Valley's oldest winery, wine tasting returned Tuesday for the first time in almost three months.
At Charles Krug, Napa Valley's oldest winery, wine tasting returned Tuesday for the first time in almost three months.
Experts warn of nationwide surge in fraudulent unemployment claims
While there’s no exact measure of how many fraudulent claims have been made, states from Washington to Maine say they’ve seen an increase and numerous federal agencies are working to fight it.
While there’s no exact measure of how many fraudulent claims have been made, states from Washington to Maine say they’ve seen an increase and numerous federal agencies are working to fight it.
U.S. reports unexpected gain of 2.5 million jobs in May
The stock market's meteoric rise was fueled by a shocking and surprising national labor report that said that the ranks of the nation's unemployed fell by 2.1 million people. The fundamentals of the U.S. economy and the desire to get back to work remain stronger than anticipated.
The stock market's meteoric rise was fueled by a shocking and surprising national labor report that said that the ranks of the nation's unemployed fell by 2.1 million people. The fundamentals of the U.S. economy and the desire to get back to work remain stronger than anticipated.
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.
Wall Street's rally zooms higher after surprise gain in jobs
The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.
The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.
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.
America’s job bloodshed continues
In the last week, another 2.1 million Americans jobs filed for unemployment benefits. That far outpaces the number of people returning to work as the economy slowly reopens under the threat of more virus outbreaks.
In the last week, another 2.1 million Americans jobs filed for unemployment benefits. That far outpaces the number of people returning to work as the economy slowly reopens under the threat of more virus outbreaks.
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.
Shopping mall reopens in San Mateo
San Mateo's Hillsdale Shopping Center reopened Tuesday with a fraction of its stores offering limited retail opportunities.
San Mateo's Hillsdale Shopping Center reopened Tuesday with a fraction of its stores offering limited retail opportunities.
Stocks rise on Wall Street, but US braces for 100,000 deaths
With infections mounting rapidly in places like Brazil and India, a top global health official warned that the crisis is far from over.
With infections mounting rapidly in places like Brazil and India, a top global health official warned that the crisis is far from over.
Rental car companies selling off inventory of used vehicles
Rental car companies are struggling with losses from coronavirus restrictions and will begin to sell off a significant portion of vehicles.
Rental car companies are struggling with losses from coronavirus restrictions and will begin to sell off a significant portion of vehicles.
Slow start to business in Santa Clara County on first day of reopening
Businesses in Santa Clara County hope customers are willing to adapt to a new way of shopping.
Businesses in Santa Clara County hope customers are willing to adapt to a new way of shopping.
California's April jobless rate higher than Great Recession
Just two months ago, California was boasting an unprecedented economic expansion as it added more than 3.4 million jobs over 10 years, accounting for 15% of the nation's job growth. More than two-thirds of those gains were wiped out last month as the state lost 2.3 million jobs.
Just two months ago, California was boasting an unprecedented economic expansion as it added more than 3.4 million jobs over 10 years, accounting for 15% of the nation's job growth. More than two-thirds of those gains were wiped out last month as the state lost 2.3 million jobs.
South Bay comic store owner stocks 'essential' supplies in order to reopen business
Merchants in Santa Clara County have the green light to reopen on Friday with curbside sales at non-essential stores. All the other Bay Area counties have already started Phase Two, but the South Bay was hit hard by the coronavirus and is just beginning to relent from the strictest stay-at-home rules.
Merchants in Santa Clara County have the green light to reopen on Friday with curbside sales at non-essential stores. All the other Bay Area counties have already started Phase Two, but the South Bay was hit hard by the coronavirus and is just beginning to relent from the strictest stay-at-home rules.
Another 2.4 million Americans file for unemployment
With 36.8 million Americans out of work due to the nine-week coronavirus shutdown, at 17.2%, the national unemployment rate is now almost three times greater than in the deepest depth of the Great Recession.
With 36.8 million Americans out of work due to the nine-week coronavirus shutdown, at 17.2%, the national unemployment rate is now almost three times greater than in the deepest depth of the Great Recession.
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.