US wholesale prices fell 0.2% in June as food costs plunged

U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.

What will the next coronavirus relief bill look like? Congress mulls stimulus checks and back-to-work bonus

As a recent coronavirus resurgence threatens to derail the U.S. economy's gradual recovery from the worst downturn since the Great Depression, the spike in cases has put added pressure on Congress to pass another round of fiscal aid.

US adds 4.8 million jobs as unemployment falls to 11.1%

While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.

Another 1.48 million laid-off workers seek US jobless aid

The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.

1.5 million more laid-off workers seek unemployment benefits

About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.

US unemployment drops unexpectedly to 13.3% amid outbreak

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.

FTC warns of ‘large scale’ unemployment fraud scam amid coronavirus pandemic

The Federal Trade Commission (FTC) is warning of a “large-scale scam erupting in the midst of the coronavirus pandemic” involving impostors who are filing claims for unemployment benefits using the personal information of people who have not filed any claims. 

1.9 million seek jobless aid even as reopenings slow layoffs

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.

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.

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.

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.