Money

The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.

The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.

Nearly three weeks after JCPenney filed for Chapter 11 bankruptcy, the company has announced it will close down 154 stores nationwide in 38 states as a first step in reorganizing the business.

Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.

U.S. equity markets fought for gains Tuesday after President Trump threatened to deploy the military to quell violence and looting in cities across America after the death of a black man in police custody in Minneapolis.

CBO expects a 'significant markdown' in GDP over the coming decade.

About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.

It was the biggest quarterly decline in more than a decade, since an 8.4% fall in 2008 during the depths of the financial crisis.

The sudden loss in income is causing a growing number of Americans to tap their retirement savings accounts.

U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.

U.S. equity markets surged to their best levels in months as states continued to reopen and as traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.

Forty-five percent surveyed said they spent more during quarantine.

U.S. equity markets slipped Friday but registered solid weekly gains as investors focused on the reopening of the American economy while also keeping tabs on Chinese President Xi JInping's efforts to tighten his grip over Hong Kong ahead of the Memorial Day weekend. 

Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.

U.S. equity markets maintained gains Wednesday even though the Federal Reserve, in the April minutes, warned the coronavirus may carry 'considerable risk' for the U.S. economy.

U.S. equity markets closed lower across the board giving up earlier gains as investors took profits and reassessed the progress of a potential coronavirus treatment.

If you’re one of the millions of Americans making less or receiving unemployment benefits because of the coronavirus pandemic, you’re probably working to recalibrate your finances.