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Latest Stories (204)

In China, a battle over national security law and a commitment to the U.S. trade deal

May 22, 2020
Also making news: China’s premier Li Keqiang broke from tradition and did not announce an economic growth target.
A security guard wears a protective mask as he stands after the opening of the National People's Congress at the Great Hall of the People on May 22, 2020 in Beijing, China.
Kevin Frayer/Getty Images

With latest wave of COVID-19 layoffs, 2.4 million more Americans file for unemployment

May 21, 2020
Another 2.2 million sought aid under a new program for self-employed, contractor and gig workers.
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors.
Olivier Douliery/AFP via Getty Images

36 million have sought unemployment aid since COVID-19 hit

May 14, 2020
Still, the number of first-time applications has now declined for six weeks straight.
Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week.
Spencer Platt/Getty Images

Powell warns of a possible sustained recession from pandemic

May 13, 2020
Powell cautioned that numerous bankruptcies among small businesses and extended unemployment for many people remain a serious risk.
Powell urged Congress and the White House to act further to prevent long-lasting economic damage.
Federal Reserve via Getty Images

33 million people have now sought U.S. unemployment aid since COVID-19 hit

May 7, 2020
That's the equivalent of one in five Americans who had been employed in February.
Nearly 3.2 million laid-off workers applied for unemployment benefits last week.
Olivier Douliery/AFP via Getty Images

More than 20 million jobs vanished in April, new ADP report says

May 6, 2020
ADP says its payroll data for April shows the worst job loss numbers ever.
The leisure and hospitality sector, including restaurants and hotels, was down by 8.6 million people.
Olivier Douliery/AFP via Getty Images

30 million have sought U.S. unemployment aid since COVID-19 hit

Apr 30, 2020
It's by far the worst string of layoffs on record.
Economists have forecast that the unemployment rate for April could go as high as 20%.
Cindy Ord/Getty Images

U.S. economy shrank at 4.8% rate in first quarter

Apr 29, 2020
It's the sharpest fall since the deepest depths of the Great Recession.
GDP posted a quarterly drop for the first time in six years.
Mike Lawrie/Getty Images

Fed announces $2.3 trillion in additional lending

Apr 9, 2020
The loans, to support American households, businesses and local governments, is part of the Main Street Lending Program authorized by the economic relief law.
Olivier Douliery/AFP via Getty Images

White House, Senate agree to $2 trillion COVID-19 rescue package

Mar 25, 2020
The urgently needed pandemic response measure is the largest economic rescue measure in history.
The package still needs to be finalized in detailed legislative language.
Chip Somodevilla/Getty Images