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Stories Tagged as

Coronavirus recession

COVID-19

Remittances to some Latin American countries are booming

by Erika Beras
Sep 2, 2020
Latinx migrants tend to work in essential jobs. And their families back home could really use the support.
A woman counts cash outside a U.S. remittance collection agency in El Salvador. Remittances to that nation and others in the region declined sharply, then rebounded.
Marvin Recinos/AFP via Getty Images
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COVID & Unemployment

A spike in long-term unemployment is looming

by Mitchell Hartman
Sep 2, 2020
Temporary layoffs are becoming permanent for more furloughed workers.
A shuttered theater in Los Angeles. People laid off early in the pandemic who are still out of work are approaching what the Labor Department defines as long-term unemployed.
Frederic J. Brown/AFP via Getty Images
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COVID & Unemployment

Nearly a third of Americans worry about having their work hours cut or losing their jobs

by Kimberly Adams
Sep 1, 2020
And according to Americans who've already lost their jobs, they should be.
An employee at the newly reopened Metropolitan Museum of Art in New York. With unemployment widespread, many people who have kept their jobs are worried about losing them.
Kena Betancur/AFP via Getty Images
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COVID-19

Does Trump's payroll tax deferral mean save now, pay later?

by Kimberly Adams
Aug 31, 2020
While the federal government will take the temporary payroll tax break, some employers will skip it.
Treasury Secretary Steven Mnuchin speaks as President Donald Trump looks on during a press conference. The Treasury Department Friday released guidance on the payroll tax deferral.
Drew Angerer/Getty Images
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COVID-19

How 3 small businesses are surviving the pandemic

by Sean McHenry
Aug 27, 2020
"Everything is interconnected," said Patty Delgado, CEO of Hija de tu Madre. "I think no business or no industry is totally immune to this."
Patty Delgado, CEO of Hija de tu Madre, at the e-commerce company's warehouse in downtown Los Angeles.
(Courtesy of Delgado)
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COVID-19

Restaurants struggling to hire, despite high unemployment

by Kristin Schwab
Aug 27, 2020
The pandemic is worsening the labor crunch in an industry that's been short-handed for years.
A chef prepares patrons' meals at a restaurant in Tampa, Florida.
Octavio Jones/Getty Images
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COVID-19

Is the economy in a V-shaped recovery?

by Kimberly Adams
Aug 26, 2020
Strong sales of big-ticket items like cars and business machinery are a positive sign, but they're just one part of a much bigger equation.
A car salesman talks to customers at a New York dealership in June. Durable goods orders rose in July, led by a surge in demand for cars.
Al Bello/Getty Images
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British Airways layoffs shake confidence in UK job protection program

by Stephen Beard
Aug 25, 2020
The airline’s decision to cut jobs and pay could herald a new era of labor unrest in Britain.
A British Airways plane lands at Heathrow in London. The airline's cost-cutting agenda is stirring resistance.
Dan Kitwood/Getty Images
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COVID-19

Wall Street record high belies widening gap between investor haves and have-nots

by Scott Tong
Aug 24, 2020
Who actually benefits when Wall Street hits a record?
The New York Stock Exchange in May. Stock wealth has become concentrated among fewer people in recent decades.
Johannes Eisele/AFP via Getty Images
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COVID-19

The pandemic economy is changing the way Americans buy groceries

by Kimberly Adams
Aug 21, 2020
Now that expanded relief benefits are gone, more people will likely rely on SNAP benefits.
A man shops for groceries at a Seattle supermarket. The downturn has propelled millions of Americans into the federal nutrition assistance program.
Karen Ducey/Getty Images
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