Articles filed under Economy
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How the pandemic consumed the labor marketMay 03, 2020 6:24 am - As the novel coronavirus pandemic brought business to a halt, the pain rippled outward, blowing up sector after sector. According to a detailed analysis of unemployment ...
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Tech giants are profiting - and getting more powerful - even as the global economy tanksMay 02, 2020 6:12 am - SAN FRANCISCO -Tech titans spent much of the last year playing defense, fending off dozens of federal and state antitrust investigations and a public wary of their power...
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Should you withdraw money from your retirement plan?Apr 26, 2020 6:20 am - The U.S. stock market has taken a beating as a result of the pandemic - and those drops have eroded the value of Americans' retirement accounts, or at least produced a l...
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Coronavirus recession could plunge tens of millions into poverty, new report warnsApr 26, 2020 6:20 am - The coronavirus recession that has sparked unprecedented job losses will likely drive U.S. poverty rates to five-decade highs, according to new projections from Columbia...
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Your questions about the Paycheck Protection Program and furloughsApr 26, 2020 6:14 am - Q: My wife works for a day-care business that has been closed by order of the state during the coronavirus pandemic. She was collecting unemployment, including the extra...
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'Scary time' for American middle class as office jobs disappearApr 25, 2020 6:25 am - The new year arrived with a new job for Tyler Simon, who had high hopes for 2020. They didn't last long. "Once covid-19 hit, things went from bad to worse really quick,"...
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Americans' fear of job loss surges to 45-year high, poll showsApr 25, 2020 6:10 am - A quarter of working Americans believe it's "very likely" or "fairly likely" they will lose their job or be laid off in the next 12 months, according to a Gallup poll. T...
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Another 102K Illinoisans file first-time jobless claims amid COVID-19 pandemicApr 23, 2020 1:00 am - The Illinois Department of Employment Security said Thursday that 4.4 million Americans filed first-time unemployment claims during the week that ended April 18, includi...
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Record bankruptcies predicted in next year as unemployment soarsApr 19, 2020 6:10 am - Bankruptcies related to covid-19 shutdowns will set records in the next 12 months, according to Edward Altman, the professor emeritus at New York University's Stern Scho...
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Illinois unemployment claims hit 634,000 due to pandemicApr 16, 2020 1:00 am - By Jerry Nowicki Capitol News Illinois Another 141,049 Illinoisans filed initial unemployment claims in the week ending April 11, bringing the total number in the state ...