Economics

Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that only begin to show the economic damage wrought by the coronavirus crisis. It was the first decline in payrolls since […]

Data: U.S. Labor Department via FRED; Chart: Andrew Witherspoon/Axios 6.6 million people filed for unemployment last week, a staggering number that eclipses the record set just days ago amid the coronavirus pandemic, according to government […]

The US Postal Service is in crisis, with lawmakers warning that plunging mail volumes could shut it down by June without “urgent” financial help — threatening everything from critical medicine deliveries and vote by mail […]

(Bloomberg) — U.S. loan applications for buying and refinancing homes plunged last week by the most since the global financial crisis, amid coronavirus shutdowns and related financial turmoil that pushed borrowing costs higher. The Mortgage […]

President Donald Trump has long pointed to the stock market’s success under his administration as a tangible endorsement of his economic policies and had often boasted about the Dow Jones Industrial Average’s gains since his […]

Senate Republicans and Democrats have yet to reach an overall deal on a massive economic rescue package in response to the coronavirus crisis — but the two sides are getting closer. And Senate GOP leaders […]

More than a fifth of Americans were under orders Saturday to stay home and public gathering places largely remained shuttered as US health officials issued stark warnings about the spread of the coronavirus. About 75 […]

The association representing Pennsylvania’s largest manufacturers is asking Gov. Tom Wolf to revise his order directing all but “life-sustaining” businesses to shut down, saying it is blocking essential supply chains from providing products to stem […]

Jobless claims rose to 281,000 last week, reflecting only the first indications of the impact the coronavirus will have on the U.S. employment picture. That number reflected a significant rise from last week’s 211,000, which […]

McDonald’s is working to prevent the passage of a coronavirus relief bill that would require restaurants across the US — 95% which are owned by franchisees — to give workers two weeks of paid sick […]