Latest News Updates From Christopher Rugaber

Government, Business

Layoffs Stuck at High Level as 1.3 Million Seek Jobless Aid

More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.

July 9, 2020
Government, Business, Safety

Hiring Rose in 46 States in May; Jobless Rates Still High

Employers added jobs in 46 states last month, evidence that the U.S. economy’s surprise hiring gain in May was spread broadly across the country — in both states that began reopening their economies early and those that did so only later.

June 19, 2020
Government, Business

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
Government, Business

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
Government, Business

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
Government, Business, Safety

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
Government, Business

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
Government, Business

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
Government, Business

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
Government, Business

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