Walmart pays another round of cash bonuses to US hourly employees working during pandemic
Full-time hourly associates were given a $300 bonus and part-time hourly and temporary associates received $150 on June 25.
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.
US inmates got coronavirus relief checks, and IRS wants them back
The legislation authorizing the payments during the pandemic doesn’t specifically exclude jail or prison inmates, and the IRS has refused to say exactly what legal authority it has to retrieve the money.
Many jobs lost in pandemic aren’t coming back
The U.S. Labor Department reported more than 1.5 million new unemployment claims nationally; a very small decrease from last month, but a decrease nonetheless. Thursday's numbers indicate that California's job bleed out continues and will be a long time recovering.
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.
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.
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.
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.
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.
Are we getting a second coronavirus stimulus check? What we know so far
An unexpectedly strong jobs report makes it appear unlikely that Americans will see a new coronavirus aid bill -- or a second IRS stimulus check.
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.
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.
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.
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.
FTC warns of ‘large scale’ unemployment fraud scam amid coronavirus pandemic
The Federal Trade Commission (FTC) is warning of a “large-scale scam erupting in the midst of the coronavirus pandemic” involving impostors who are filing claims for unemployment benefits using the personal information of people who have not filed any claims.
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.
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.
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.
Americans tapping retirement savings after coronavirus-led job loss, study finds
The sudden loss in income is causing a growing number of Americans to tap their retirement savings accounts.
It’s not junk mail: Coronavirus stimulus payment debit cards come in plain envelope
Some have reportedly mistaken their Economic Impact Payment debit cards as junk mail after being confused by the envelope.