U.S. Economy Stumbles as the Coronavirus Spreads Widely

Claims for new unemployment benefits and other data suggest that the recent increase in infections is threatening the economic recovery.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #labor-and-jobs, #layoffs-and-job-reductions, #shutdowns-institutional, #stimulus-economic, #trump-donald-j, #unemployment, #united-states, #united-states-economy, #united-states-politics-and-government

0

Gavin Newsom’s French Laundry Dinner: What Was He Thinking?

A lavish dinner helped reinforce the idea that California’s government is a mess of bureaucratic dysfunction and aristocratic indifference.

#california, #coronavirus-2019-ncov, #french-laundry-yountville-calif-restaurant, #great-depression-1930s, #newsom-gavin, #recession-and-depression, #unemployment, #unemployment-insurance

0

Unemployment Scam Using Inmates’ Names Costs California Hundreds of Millions

Investigators say the payment of benefits claimed with the names of prisoners, including many on death row, “appears to be the most significant fraud on taxpayer funds in California history.”

#california, #coronavirus-2019-ncov, #prisons-and-prisoners, #unemployment, #unemployment-insurance

0

Biden Team, Pushing Quick Stimulus Deal, Prepares for Renewed Recession

Economists warn that lawmakers must pass aid now, as a renewed coronavirus surge chills consumer spending and business activity.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-budget-us, #house-of-representatives, #labor-and-jobs, #law-and-legislation, #presidential-transition-us, #recession-and-depression, #republican-party, #senate, #small-business, #stimulus-economic, #unemployment, #united-states-economy, #united-states-politics-and-government

0

If Biden Wants to Be Like F.D.R., He Needs the Left

Radical agitation helped bring Social Security and much of the New Deal into being.

#communist-party-usa, #democratic-party, #demonstrations-protests-and-riots, #law-and-legislation, #liberalism-us-politics, #national-urban-league, #presidential-election-of-2020, #social-security-us, #unemployment, #unemployment-insurance, #united-states-politics-and-government

0

Making the Most of the Coming Biden Boom

The economic outlook is probably brighter than you think.

#coronavirus-2019-ncov, #presidential-election-of-2020, #presidential-transition-us, #subprime-mortgage-crisis, #unemployment, #united-states-economy, #united-states-politics-and-government

0

Unemployment Claims Rise as Economic Worries Grow

With coronavirus cases increasing again in the United States, the “fragility of the recovery” is in jeopardy, one economist said.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

0

The Daily: How Is the U.S. Economy Doing?

As several areas in the U.S. start to reimpose coronavirus restrictions, we look at some landmark figures that illuminate the depth of the recession and the prospects for recovery.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #labor-and-jobs, #unemployment, #united-states-economy

0

Obamacare Enrollment Opens, With Costs Generally Lower

Millions lost their insurance, along with their jobs, during the pandemic. But many people are eligible for financial help.

#content-type-service, #coronavirus-2019-ncov, #health-insurance-and-managed-care, #healthcare-gov, #medicaid, #patient-protection-and-affordable-care-act-2010, #personal-finances, #unemployment

0

A Republican Senate Would Be Bad for Business

What’s bad for America would be bad for corporations, too.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #infrastructure-public-works, #labor-and-jobs, #mcconnell-mitch, #presidential-election-of-2020, #republican-party, #senate, #unemployment, #united-states-economy

0

Economic Risks Are High as Chances for Quick Stimulus Narrow

The Federal Reserve chief warned that a vaccine was still too uncertain to count on, and lawmakers signaled that more support was not imminent.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #lagarde-christine, #law-and-legislation, #mcconnell-mitch, #powell-jerome-h, #senate, #stimulus-economic, #unemployment, #united-states-economy

0

Pandemic Pushes N.Y.C. Cabbies to the Brink: ‘I Can’t Hold On’

While some businesses have adapted to virus restrictions, the yellow cab industry is especially suffering.

#car-services-and-livery-cabs, #coronavirus-2019-ncov, #layoffs-and-job-reductions, #lyft-inc, #new-york-city, #shutdowns-institutional, #taxicabs-and-taxicab-drivers, #uber-technologies-inc, #unemployment

0

Unemployment Benefit Cutoff Looms for Millions at Year’s End

Emergency federal programs to assist the unemployed in the pandemic will expire at year’s end if there is no congressional action.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

In India’s Bihar Vote, Yadav Pressures Modi and B.J.P.

Mr. Modi declares victory in Bihar State, but votes are still being counted in an election seen as a referendum on the government’s Covid-19 response.

#bihar-india, #coronavirus-2019-ncov, #india, #kumar-nitish, #migrant-labor-agriculture, #modi-narendra, #politics-and-government, #polls-and-public-opinion, #tejashwi-prasad-yadav, #unemployment

0

Jobs Report Shows Gains but Vulnerability to New Coronavirus Surge

U.S. payrolls grew by 638,000 in October and unemployment fell to 6.9%, but lockdowns could stifle a rebound in restaurant and retail work.

#coronavirus-2019-ncov, #hiring-and-promotion, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #restaurants, #shopping-and-retail, #unemployment, #united-states, #united-states-economy

0

The Economy Is Healing. But Not Fast Enough to Prevent Serious Damage.

The jobs report suggests a continued rebound but also long-lasting scars.

#labor-and-jobs, #recession-and-depression, #unemployment, #united-states-economy

0

Fed Holds Rates Steady and Signals Continued Wariness

The Federal Reserve made few changes to its policy statement during a week fraught with uncertainty.

#coronavirus-2019-ncov, #credit-and-debt, #federal-open-market-committee, #federal-reserve-system, #interest-rates, #labor-and-jobs, #small-business, #unemployment, #united-states-economy

0

America Picks Its President as it Faces Joblessness, Coronavirus and Anxiety

Voters describe a fundamental unease about America’s future.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #disease-rates, #economic-conditions-and-trends, #nebraska, #omaha-neb, #presidential-election-of-2020, #republican-party, #trump-donald-j, #unemployment, #united-states-economy, #united-states-politics-and-government

0

When Parents Lose Their Jobs, Their Children Also Suffer. But Sometimes There’s a Consolation.

The sudden increase of time with their children has reminded some low-income parents of what they have been missing. “It’s an odd silver lining, but it’s there,” says Jane Waldfogel, a professor at the Columbia School of Social Work.

#children-and-childhood, #coronavirus-2019-ncov, #families-and-family-life, #las-vegas-nev, #parenting, #unemployment, #work-life-balance

0

Why Blue Places Have Been Hit Harder Economically Than Red Ones

The different mix of jobs is a big driver, but there are other factors, too.

#coronavirus-2019-ncov, #labor-and-jobs, #recession-and-depression, #unemployment, #urban-areas

0

Economy’s Big Rebound Leaves a Shortfall as Progress Slows

Third-quarter growth set a record, fueled by federal assistance. But recent signs point to a loss of momentum in job gains and production.

#commerce-department, #coronavirus-2019-ncov, #coronavirus-reopenings, #gross-domestic-product, #labor-and-jobs, #recession-and-depression, #shutdowns-institutional, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

0

Young and Jobless in Europe: ‘It’s Been Desperate’

The pandemic-induced jobs crisis has fallen disproportionately on generation Covid-19, and the effects may be long lasting.

#careers-and-professions, #content-type-personal-profile, #coronavirus-2019-ncov, #europe, #hiring-and-promotion, #internships, #labor-and-jobs, #layoffs-and-job-reductions, #quarantine-life-and-culture, #unemployment, #youth

0

Why N.Y.C.’s Economic Recovery May Lag the Rest of the Country’s

More than one million residents are out of work, and the unemployment rate is nearly double the national average.

#building-service-employees, #coronavirus-2019-ncov, #labor-and-jobs, #layoffs-and-job-reductions, #local-32bj, #new-school, #new-york-city, #shutdowns-institutional, #unemployment, #zandi-mark

0

Rapper Nuke Bizzle Is Arrested After Bragging About Unemployment Fraud in Video

Fontrell Antonio Baines, who performs as Nuke Bizzle, illegally obtained $1.2 million in jobless benefits intended for workers idled by the coronavirus pandemic, the authorities said.

#california, #coronavirus-2019-ncov, #frauds-and-swindling, #las-vegas-nev, #nuke-bizzle, #rap-and-hip-hop, #unemployment, #unemployment-insurance

0

U.S. Budget Deficit Hit $3.1 Trillion Amid Virus Spending Surge

A surge in spending, combined with falling tax receipts have sent the deficit soaring, complicating plans for additional stimulus.

#federal-budget-us, #federal-taxes-us, #finances, #mnuchin-steven-t, #stimulus-economic, #unemployment, #united-states-economy, #us-dollar-currency

0

Unemployed Workers Built Up Some Savings. Then the $600 Stimulus Checks Stopped

Anonymized bank data shows what happened next, as balances shrank and hopes dimmed for action from Washington.

#coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #labor-and-jobs, #savings, #unemployment, #united-states-economy

0

As Open Enrollment Begins, Health Benefits May Not Change Much

Costs are expected to rise about 4 to 5 percent, in line with increases in recent years, as employers seek to avoid adding to their workers’ stress.

#content-type-service, #employee-fringe-benefits, #health-insurance-and-managed-care, #healthcare-gov, #labor-and-jobs, #patient-protection-and-affordable-care-act-2010, #personal-finances, #supreme-court-us, #unemployment

0

Jobless Workers Built Up Some Savings. Then the $600 Checks Stopped.

Anonymized bank data shows what happened next, as balances shrank and hopes dimmed for action from Washington.

#coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #labor-and-jobs, #savings, #unemployment, #united-states-economy

0

Unemployment Claims Rise Anew in Latest Sign of Economic Distress

Hopes for a rebound of the American economy have been clouded by layoffs, a surge in virus cases and a lack of fresh federal aid.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #labor-department-us, #states-us, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

0

Mothers are the ‘Shock Absorbers’ of Our Society

The pandemic is forcing moms out of work at great financial, societal and marital costs.

#coronavirus-2019-ncov, #labor-and-jobs, #parenting, #unemployment, #women-and-girls, #work-life-balance, #workplace-environment

0

Are Amazon Jobs Worth 1,400 Loads of Traffic? French Region Is Split

The picturesque Gard desperately needs more employment. But environmentalists are pushing back at what they see as a looming blight.

#amazon-com-inc, #e-commerce, #fournes-france, #france, #gard-france, #labor-and-jobs, #pollution, #roads-and-traffic, #unemployment

0

Trump Is Killing the Economy Out of Spite

So what will he do if he loses the election?

#federal-state-relations-us, #local-government, #presidential-election-of-2020, #senate, #small-business, #trump-donald-j, #unemployment, #united-states-economy, #united-states-politics-and-government

0

New Stimulus Hopes Fade While Economic Risks Grow

President Trump cut off negotiations over a new aid package on Tuesday. Economists of all stripes agree that could be a costly mistake.

#coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-aid-us, #federal-taxes-us, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #republican-party, #small-business, #stimulus-economic, #trump-donald-j, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Jerome Powell, Fed Chair, Says Economy Has ‘a Long Way to Go’

Jerome H. Powell, the Federal Reserve chair, called the recovery “incomplete” and highlighted that it was better to overdo the pandemic policy response than to undershoot.

#coronavirus-2019-ncov, #federal-reserve-system, #powell-jerome-h, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Workers Face Permanent Job Losses as the Virus Persists

Soon, a wave of people will have been out of work for more than six months, the threshold for long-term unemployment.

#coronavirus-2019-ncov, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #unemployment

0

The Pandemic Depression Is Over. The Pandemic Recession Has Just Begun.

Signs of a slower, grinding recovery sure look familiar.

#coronavirus-2019-ncov, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #unemployment

0

As Trump’s Diagnosis Spooks G.O.P., Pelosi Projects Optimism on Stimulus Deal

Speaker Nancy Pelosi said the president’s positive coronavirus test could change the dynamic and produce an agreement on additional pandemic relief, but a compromise remained elusive.

#airlines-and-airplanes, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #house-of-representatives, #labor-and-jobs, #layoffs-and-job-reductions, #pelosi-nancy, #republican-party, #stimulus-economic, #trump-coronavirus-positive-result, #trump-donald-j, #unemployment, #united-states-economy, #united-states-politics-and-government

0

Jobs Report Shows Further Slowdown in U.S. Economic Recovery

Payrolls grew last month, but permanent layoffs are rising, the labor force is contracting, and fewer women are employed.

#coronavirus-2019-ncov, #labor-and-jobs, #labor-department-us, #law-and-legislation, #layoffs-and-job-reductions, #shutdowns-institutional, #unemployment, #united-states-economy, #women-and-girls

0

New Layoffs Add to Worries Over U.S. Economic Slowdown

A standoff over further federal aid and concern over the pandemic’s duration are pushing companies to eliminate jobs.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #law-and-legislation, #layoffs-and-job-reductions, #recession-and-depression, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Unemployment Claims Fraud Exploits Weak Spots in System

Pandemic programs have lowered the barriers to collecting benefits, and the usual security methods haven’t kept up.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #frauds-and-swindling, #identity-theft, #labor-department-us, #states-us, #unemployment, #unemployment-insurance

0

U.S. Household Wealth Rose Before the Pandemic, but Inequality Persisted

A Federal Reserve survey of family finances shows that inequality was high last year. It’s likely to worsen because of the pandemic.

#black-people, #coronavirus-2019-ncov, #families-and-family-life, #federal-reserve-system, #hispanic-americans, #income, #income-inequality, #labor-and-jobs, #recession-and-depression, #stocks-and-bonds, #unemployment, #united-states-economy, #wages-and-salaries

0

Unemployment Claims Rise as Job Rebound Loses Momentum

New filings for unemployment benefits rose last week, signaling continued layoffs even before autumn chills outdoor business.

#coronavirus-2019-ncov, #federal-aid-us, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #states-us, #unemployment, #unemployment-insurance, #united-states-economy

0

U.S. Risks Repeating 2009 Mistakes as Economic Recovery Slows

In the wake of the last recession, government spending dried up, dragging out the recovery. Policymakers warn against letting it happen again.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #house-of-representatives, #law-and-legislation, #layoffs-and-job-reductions, #recession-and-depression, #senate, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Pandemic Puts N.Y.C. Hotels on the Brink: ‘A Complete Washout’

Several big hotels in the city have announced that they are closed for good, and some experts say that more shutdowns are coming.

#coronavirus-2019-ncov, #coronavirus-reopenings, #hilton-times-square-hotel-manhattan-ny-hotel, #hotel-association-of-new-york, #hotels-and-travel-lodgings, #hyatt-hotels-corp, #labor-and-jobs, #layoffs-and-job-reductions, #marriott-international-inc, #new-york-city, #shutdowns-institutional, #unemployment

0

A $1.5 Trillion Compromise That Congress’s Leaders Can’t Ignore

The bipartisan framework struck by House Democrats and Republicans merits consideration.

#coronavirus-2019-ncov, #house-of-representatives, #labor-and-jobs, #unemployment, #united-states-economy, #united-states-politics-and-government

0

A Cataclysm of Hunger, Disease and Illiteracy

A pandemic of suffering follows on the heels of Covid-19 in poor countries, and children suffer most.

#brac-bangladesh, #camfed, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #food-insecurity, #illiteracy, #malnutrition, #poverty, #shutdowns-institutional, #third-world-and-developing-countries, #unemployment, #women-and-girls

0

Why Unemployment Claims May Be Overcounted by Millions

Weekly tallies of jobless claims were not meant to be treated as an economic indicator. The pandemic has exposed the shortcomings of doing so.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #freelancing-self-employment-and-independent-contracting, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #states-us, #statistics, #unemployment, #unemployment-insurance, #united-states-economy

0

A Job That Isn’t Hard to Get in a Pandemic: Swindlers’ Helper

Criminals are increasingly using people like Denise Newton to move their money, just as many have lost their jobs and are vulnerable.

#better-business-bureaus, #careers-and-professions, #computers-and-the-internet, #coronavirus-2019-ncov, #frauds-and-swindling, #hiring-and-promotion, #labor-and-jobs, #money-laundering, #unemployment, #united-states-economy

0

Unemployment Benefits Program Has Issues With Fraud and Math

An emergency federal program faces growing issues with spurious claims, and the flood of applicants may have led to overcounting the unemployed.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #frauds-and-swindling, #identity-theft, #labor-department-us, #states-us, #unemployment, #unemployment-insurance, #united-states-economy

0

How to Birth a New American Theater

Six months dark. Thousands of artists out of work. Could this disaster have a surprise ending? Five critics on what must change, onstage and off.

#income-inequality, #new-york-city, #quarantine-life-and-culture, #race-and-ethnicity, #theater, #unemployment, #web-original-programming

0