Economy


The Macy's store at the popular Tyson's Corner Center sits closed Monday, March 30, 2020, in McLean, Va., a Washington, D.C., suburb. (AP Photo/J. Scott Applewhite)
Macy’s Will Stop Paying Most of Its Workers in Latest Sign of Economic Fallout

The coronavirus pandemic could cause the loss of 47 million jobs. If that estimate pans out, that would translate to a 32% national unemployment rate.

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‘All Hands on Deck’: How Pennsylvania Nonprofits Are Trying to Survive Coronavirus

Organizations that offer life-sustaining services are largely still operating—but they’re feeling the effects of the unprecedented health crisis.

AP Photo/Patrick Semansky
Trump Thinks GM Isn’t Moving Fast Enough Making Ventilators

University of Michigan Professor Erik Gordon predicts President Donald Trump will then take credit when GM does make the machines.

AP Photo/Patrick Semansky
Trump Just Pushed Back His Deadline to Open Up the Country

Sunday's announcement was a tacit acknowledgment the president had been too optimistic just days earlier when he said he hoped reopen the economy by Easter on April 12.

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To Reopen Economy, Trump Wants to Divide Counties By Coronavirus Risk

Health experts have made clear that unless Americans continue to dramatically limit social interaction the number of infections will overwhelm the health care system.

AP Photo/Patrick Semansky
Mnuchin Just Called the 3.2 Million Americans Who Filed for Unemployment ‘Not Relevant’

'To be honest with you, I just think these numbers right now are not relevant,' Treasury Secretary Steve Mnuchin said Thursday.

AP Photo/John Minchillo, File
3.3 Million People Filed for Unemployment Benefits Last Week

The number of people who need help is likely higher. Many who have lost jobs in recent weeks have been unable to file for unemployment aid because state systems have been overwhelmed.