The U.S. unemployment rate unexpectedly dropped from nearly 15% in April to 13.3% in May. Economic divides by race are apparent in the numbers, though: the rate for Black people ticked slightly higher. And, where are sports leagues on reopening?
This week, the Labor Department listed the cities that have been hardest hit by layoffs. The president has a new executive order, allowing federal agencies to bypass some environmental laws. What drives theft and vandalism during protests?
AstraZeneca begins production of a potential COVID-19 vaccine. New U.S. trade restrictions on 33 Chinese technology firms go into effect. English pubs turn to takeout services for survival.
Rehiring has been happening, but slowly. Another 1.9 million people filed jobless claims last week. LA will move money out of policing. Congress’ new rules for PPP loans. A look at how housing came to be precarious for many.
Reimagining a new economy post-COVID-19 requires eliminating racial inequities, says Andre M. Perry. And, a new report shows that many people working for public schools are losing their jobs.
President Trump threatened to ban Chinese airlines from landing in the U.S., if Beijing refused to allow U.S. flights to China resume. LVMH’s bid to buy Tiffany & Co is under review. Europe’s central bank plans more stimulus.
Investment in firearm companies is up, as are background checks. Early numbers for May job losses appear to be down significantly compared to expectations. State budgets are already strained because of COVID-19. Now hurricane season is here.
Essential workers worry about curfews on top of the coronavirus. Google faces a proposed class-action lawsuit over alleged privacy violations. Some health plans are requiring patients to chip in for COVID-19 testing — which was supposed to be free.
As Italy reopens its borders to Europe, what’s the economic cost of COVID-19 quarantine measures? Sweden’s pandemic policy expert says there is “potential for improvement” in the country’s no-lockdown strategy.
The CEOs of companies from big brands on down have been crafting statements condemning racism and police brutality. The CBO’s grim projections for COVID-19 economic recovery. An update on the 2020 U.S. census.
