Christopher Rugaber
Christopher Rugaber
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Rising US job losses stir fears of lasting economic damage

Rising US job losses stir fears of lasting economic damage

AP NEWS https://apnews.com/article/health-us-news-ap-top-news-international-news-virus-outbreak-85d596c01ff1132bd9f73724bd0fb1d7Click to copyhttps://apnews.com/article/health-us-news-ap-top-news-international-news-virus-outbreak-85d596c01ff1132bd9f73724bd0fb1d7Click to copyRelated topicsWASHINGTON (AP) — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that the scourge is doing deep and potentially long-lasting . Despite a few glimmers of hope, most of the latest was...

May 28, 2020
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Nearly 39 million have lost jobs in US since virus took hold

Nearly 39 million have lost jobs in US since virus took hold

AP NEWS https://apnews.com/article/virus-outbreak-health-us-news-ap-top-news-international-news-900aa1955a82b7bbe2e028a8bc1a4be7Click to copyhttps://apnews.com/article/virus-outbreak-health-us-news-ap-top-news-international-news-900aa1955a82b7bbe2e028a8bc1a4be7Click to copyRelated topicsWASHINGTON (AP) — The number of Americans applying for unemployment benefits in the two months since the coronavirus took hold in the U.S. has swelled to nearly 39 million, the government reported Thursday, even as states from coast to coast gradually reopen their economies and let people go back to...

May 21, 2020
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Small business aid went beyond hard-hit companies, data show

Small business aid went beyond hard-hit companies, data show

AP NEWS https://apnews.com/article/virus-outbreak-financial-markets-ap-top-news-baseball-entertainment-f2c79abd6acb08843b13f8a5be877b7cClick to copyhttps://apnews.com/article/virus-outbreak-financial-markets-ap-top-news-baseball-entertainment-f2c79abd6acb08843b13f8a5be877b7cClick to copyRelated topicsWASHINGTON (AP) — The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money through a federal program that was designed to soften job losses from the coronavirus but also benefited wealthy, well-connected companies and some celebrity...

July 6, 2020
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Senate panel approves Trump's controversial Fed nominee

Senate panel approves Trump's controversial Fed nominee

AP NEWS https://apnews.com/article/us-news-politics-donald-trump-mike-crapo-business-5f52de941c4ab03934ebe3bb6fc4802dClick to copyhttps://apnews.com/article/us-news-politics-donald-trump-mike-crapo-business-5f52de941c4ab03934ebe3bb6fc4802dClick to copyRelated topicsWASHINGTON (AP) — The Senate Banking Committee on Tuesday approved President Donald Trump’s choice of Judy Shelton for the Federal Reserve board of governors on a party-line vote, overcoming widespread questions about her qualifications for the Fed. Committee Chairman Sen. Mike Crapo, Republican of Idaho, said that Shelton had...

July 20, 2020
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US unemployment surges to a Depression-era level of 14.7%

US unemployment surges to a Depression-era level of 14.7%

AP NEWS https://apnews.com/article/donald-trump-us-news-ap-top-news-international-news-virus-outbreak-908d7a004c316baceb916112c0a35ed0Click to copyhttps://apnews.com/article/donald-trump-us-news-ap-top-news-international-news-virus-outbreak-908d7a004c316baceb916112c0a35ed0Click to copyRelated topicsWASHINGTON (AP) — The coronavirus crisis has sent U.S. unemployment surging to 14.7%, a level last seen when the country was in the throes of the Depression and President Franklin D. Roosevelt was assuring Americans that the only thing to fear was fear itself.And because of government errors and...

May 8, 2020
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Powell warns of a possible sustained recession from pandemic

Powell warns of a possible sustained recession from pandemic

AP NEWS https://apnews.com/article/virus-outbreak-financial-markets-us-news-ap-top-news-government-spending-5d02177563bdb72236966a13299c0b67Click to copyhttps://apnews.com/article/virus-outbreak-financial-markets-us-news-ap-top-news-government-spending-5d02177563bdb72236966a13299c0b67Click to copyRelated topicsWASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday 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. The Fed and Congress have taken far-reaching...

May 13, 2020
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Powell: Recovery may begin by summer, will likely be slow

Powell: Recovery may begin by summer, will likely be slow

AP NEWS https://apnews.com/article/economy-health-us-news-ap-top-news-virus-outbreak-c0ef6213049cbadcebbbd9ae31c972fbClick to copyhttps://apnews.com/article/economy-health-us-news-ap-top-news-virus-outbreak-c0ef6213049cbadcebbbd9ae31c972fbClick to copyRelated topicsWASHINGTON (AP) — Federal Reserve Chair Jerome Powell expressed optimism Sunday that the U.S. economy can begin to recover from a devastating recession in the second half of the year, assuming the coronavirus doesn’t erupt in a second wave. But he suggested that a full recovery won’t likely be possible before the arrival of a...

May 17, 2020
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Jobless rate spikes to 14.7%, highest since Great Depression

Jobless rate spikes to 14.7%, highest since Great Depression

AP NEWS https://apnews.com/article/virus-outbreak-financial-markets-us-news-ap-top-news-unemployment-623da121a91a4951b3bcde201a46120dClick to copyhttps://apnews.com/article/virus-outbreak-financial-markets-us-news-ap-top-news-unemployment-623da121a91a4951b3bcde201a46120dClick to copyRelated topicsWASHINGTON (AP) — The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy.The losses, , reflect...

May 8, 2020
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More states finally paying $600 extra in unemployment aid

More states finally paying $600 extra in unemployment aid

AP NEWS https://apnews.com/article/nv-state-wire-us-news-ap-top-news-wa-state-wire-virus-outbreak-827d97d1facdaadea86902f0cf11683bClick to copyhttps://apnews.com/article/nv-state-wire-us-news-ap-top-news-wa-state-wire-virus-outbreak-827d97d1facdaadea86902f0cf11683bClick to copyRelated topicsHARTFORD, Conn. (AP) — The bills are mounting for Justin Conrad, who lost his warehouse job three weeks ago and is anxiously awaiting his first state-provided unemployment check. Compounding his stress, his state, Connecticut, can’t say when Conrad will get the additional $600 a week in benefits that the...

April 15, 2020
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A US recession began in February in the face of coronavirus

A US recession began in February in the face of coronavirus

AP NEWS https://apnews.com/article/virus-outbreak-financial-markets-us-news-ap-top-news-economic-growth-31ffad3ea17ef1d07e2724dd8fc25d50Click to copyhttps://apnews.com/article/virus-outbreak-financial-markets-us-news-ap-top-news-economic-growth-31ffad3ea17ef1d07e2724dd8fc25d50Click to copyRelated topicsWASHINGTON (AP) — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared Monday, ending the longest expansion on record.The economists said that employment, income and spending peaked in February and then fell sharply afterward as...

June 8, 2020
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