Latest News Updates From Christopher Rugaber

GovernmentBusiness

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, a historically high number, even as the economy increasingly reopens and employers bring some people back to work.

June 18, 2020
GovernmentBusiness

Recession Began in February in Face of Coronavirus, Experts Say

WASHINGTON — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared June 8.

June 8, 2020
GovernmentBusiness

US Unemployment Drops Unexpectedly to 13.3%

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 faster than economists had predicted.

June 5, 2020
GovernmentBusinessSafety

36 Million Have Sought US Unemployment Aid Since Virus Hit

Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions.

May 14, 2020
GovernmentBusiness

Powell Warns of Possible Sustained Recession From Pandemic

Federal Reserve Chair Jerome Powell warned May 13 of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage.

May 13, 2020
GovernmentBusiness

33 Million Have Sought US Unemployment Aid Since Virus Hit

Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.

May 7, 2020
GovernmentBusiness

30 Million Have Sought Unemployment Aid Since Virus Hit

More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.

April 30, 2020
GovernmentBusiness

26 Million Have Sought US Jobless Aid Since Virus Hit

More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said April 23.

April 23, 2020
GovernmentBusiness

Record 22 Million Have Sought US Jobless Aid Since Virus

The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck forced 5.2 million more people to seek unemployment benefits last week, the government reported April 16.

April 16, 2020
GovernmentBusiness

US Sheds 701,000 Jobs, Ending a Record Hiring Streak

A recordlong streak of U.S. job growth ended suddenly in March after nearly a decade as employers cut 701,000 jobs because of the viral outbreak that has all but shut down the U.S. economy.

April 3, 2020