This week’s sharp jump in jobless claims is just the tip of the iceberg, labor economists warn, predicting that the United States could shed millions of jobs in short order as businesses cut back or close completely to halt the spread of the coronavirus pandemic. The surge in jobless claims to 281,000 — a jump […]
The coronavirus is threatening the global economy and financial markets. But so is another, less obvious peril — the mountain of risky debt issued by companies and bought by investors during the recent economic expansion. Paying back this debt is going to be tough for...
The economy gained 273,000 jobs in February, well above economist predictions, according to monthly employment data released Friday by the Bureau of Labor Statistics. The February jobs report, which includes data collected before the coronavirus epidemic hit the U.S.,...
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