Older workers are disproportionately impacted with job losses during the current pandemic, especially because not all will be able to return to the workforce. 80% of older Americans can’t afford to retire – COVID-19 isn’t helping Just prior to the crisis, 34 million workers ages 55 to 70 years old …
Read More »Economic Preview: Economists predict U.S. added 1.7 million jobs in July, but admit it’s largely a guess. Here’s what worries them
The U.S. economy probably suffered a steep decline in hiring and job creation in July, but rarely has Wall Street been so flummoxed about the state of the labor market. The resurgence of the coronavirus epidemic in many American states and a potentially big shift in school employment could throw …
Read More »Coronavirus update: U.S. case tally at 4.72 million and New Jersey, Massachusetts and Connecticut see infections climb again
The U.S. case tally for the coronavirus illness COVID-19 rose by fewer than 50,000 on Monday for a second straight day, data aggregated by Johns Hopkins University showed, although cases were rising in some states that had seemed to get the spread under control earlier this year. The U.S. added …
Read More »Coronavirus update: Pandemic will continue for some time, experts tell Congress as U.S. case tally nears 4.5 million
With close to 4.5 million Americans confirmed to have been infected with the coronavirus illness COVID-19, the pandemic will continue for some time, public health officials will tell Congress on Friday, underscoring the importance of following their recommendations on face masks, frequent hand washing and social distancing. “While it remains …
Read More »Coronavirus update: U.S. case tally climbs above 3.8 million; President Trump appears to have changed his view on face masks
The number of confirmed cases of the coronavirus illness COVID-19 in the U.S. rose above 3.8 million on Tuesday, and President Donald Trump appeared to change his view of face masks in the face of falling poll numbers. Trump tweeted an image of himself wearing a mask with a message …
Read More »Coronavirus update: Global cases of COVID-19 edge closer to 14 million as U.S. sets record case tally, Brazil tops 2 million
The number of confirmed cases of the coronavirus illness COVID-19 edged closer to 14 million on Friday, as the U.S. counted a record number of cases in a single day and regions around the world resumed restrictions on movement in a battle to contain the spread. Brazil’s case tally rose …
Read More »Economic Report: Jobless claims fall to four-month low of 1.31 million in early July, but layoffs still high
The numbers: The number of initial jobless claims fell by almost 100,000 in early July to a four-month low 1.31 million, but the pace of layoffs is still quite high and appears to be bogging down an economic recovery from the coronavirus pandemic. Initial jobless claims, a rough gauge of …
Read More »Coronavirus update: U.S. case tally edges toward 3 million after record one-day count and Florida intensive-care units are filling up
The number of U.S. cases of COVID-19 edged closer to 3 million on Wednesday, and intensive-care units in Florida were filling up, as the U.S. counted a record number of new cases of the deadly illness in a single day, in the latest sign that the virus is far from …
Read More »Coronavirus update: Global case tally climbs to 9.5 million and rising cases in U.S., Brazil and others show pandemic is far from over
The global case tally for the coronavirus illness COVID-19 climbed to 9.5 million on Thursday, a day after the U.S. recorded its highest one-day peak since late April and cases continued to climb in Brazil, Mexico and other countries, in the latest indication that the pandemic is far from contained. …
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