41 million have lost jobs since virus hit, but layoffs slow
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
US economy shrank at 5% annual rate in Q1
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.
It’s not junk mail: Coronavirus stimulus payment debit cards come in plain envelope
Some have reportedly mistaken their Economic Impact Payment debit cards as junk mail after being confused by the envelope.
LA County joins lawsuits to support refugees, immigrant students
The Los Angeles County Board of Supervisors voted on Tuesday to support lawsuits against the Trump administration's moves to make it harder for refugees to resettle in the U.S. and to deny COVID-19 relief funds to students living in the country illegally.
Job Finder: Allied Universal to hire 1,200 security jobs, offering flexible hours, full benefits
Allied Universal, one fo the largest security providers, is looking to hire 1,200 security jobs.
Counties can begin reopening in-store retail shopping
The California Department of Public Health announced on Monday the statewide reopening of in-store retail shopping, a major step in California's emergence from shutdown orders issued in March to slow the spread of the coronavirus.
Nearly 39 million have sought US jobless aid since virus hit
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.
California approves Ventura County for accelerated reopening
Ventura County on Wednesday became the first Southern California county to receive approval from the California Department of Public Health to move forward on an accelerated path to reopening.
Los Angeles looks to cap fees on restaurant delivery service apps
The Los Angeles City Council on Wednesday directed the city attorney to draft an ordinance that would limit delivery service apps from charging restaurants more than 15% of a total order.
Where’s my stimulus check? IRS adds phone operators to answer relief payment questions
The IRS is adding 3,500 phone representatives to handle a flood of calls from taxpayers waiting for their stimulus checks.
Magic Johnson giving $100M in loans to minority-owned businesses struggling amid COVID-19 pandemic
Advocates say small and diverse businesses are inherently at a disadvantage when it comes to the SBA’s Paycheck Protection Program.
‘Not just a horror story’: FTC says some nursing homes are taking residents' stimulus checks
The Federal Trade Commission learned some nursing homes have been trying to take stimulus checks from residents who use Medicaid.
Coronavirus pandemic puts Social Security at risk of insolvency by 2030
Bipartisan Policy Institute estimated that the depletion date would jump from 2035 to 2029.
Office Depot closing stores, laying off 13,000 workers
Office Depot announced a restructuring plan that includes closing stores and laying off about 13,100 employees by 2023.
JCPenney files for bankruptcy as coronavirus pushes retailer over edge
Retailer JCPenney filed for Chapter 11 bankruptcy protection after the coronavirus pandemic forced stores to shut, the company announced Friday evening, joining J. Crew and Neiman Marcus.
How to get a refund or credit on your car insurance if you’re driving less amid COVID-19 pandemic
Many major auto insurance companies in the U.S. are offering policyholders some sort of refund or credits.
Waiting for coronavirus stimulus check? Direct deposit information is due Wednesday, IRS says
If taxpayers don't provide their direct deposit information by noon on May 13, they'll have to wait to receive their payment by mail.
Stocks surge as economic recovery hopes put record unemployment in the rearview mirror
The Dow Jones Industrial Average gained over 455 points, or 1.91 percent, while the S&P 500 and the Nasdaq Composite rose 1.69 percent and 1.58 percent, respectively.
Coronavirus stimulus cash: Foreign workers, relatives of dead asked to send $1,200 checks back
Both groups are considered ineligible for the payments.
Coronavirus forcing early retirement? Here are your options
More than 30 million Americans have filed for unemployment since mid-March.