by Troy S. Mason | Mar 27, 2020 | Business News
The record-shattering spike in unemployment filings this week means a surge in Americans seeking assistance as the coronavirus pandemic triggers businesses to initiate layoffs and put expansion plans on ice. Households should act right away to make sure they get the help they need to financially protect their family and provide economic security, experts say. […]
by Troy S. Mason | Mar 26, 2020 | Business News
Wall Street attempted a rally Thursday morning, despite record-breaking unemployment claims that revealed the extent to which the economy has ground to halt due to the coronavirus pandemic. The Dow Jones Industrial Average was up by around 330 points at the opening...
by Troy S. Mason | Mar 26, 2020 | Business News
More than 3 million Americans filed for unemployment last week, according to new data released Thursday. The massive spike in new jobless claims comes as nationwide lockdowns to halt the spread of the coronavirus pandemic have kept Americans from their workplaces,...
by Troy S. Mason | Mar 19, 2020 | Business News
WASHINGTON — Trump administration officials warned Senate Republicans on Tuesday that the coronavirus outbreak in the United States could cause the unemployment rate to reach 20 percent, according to two sources familiar with the discussion. The warning came during a...
by Troy S. Mason | Mar 19, 2020 | Business News
The U.S. will not see unemployment levels of 20 percent, Treasury Secretary Steven Mnuchin clarified Wednesday, just one day after issuing a stark warning about the economic effects of the coronavirus if Congress did not agree on the White House stimulus package....
