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Coronavirus recession

COVID & Unemployment

Trump's relief delay causes unemployment confusion

by Mitchell Hartman
Dec 28, 2020
Two pandemic programs briefly expired. It could have meant billions in lost relief for one week — but it didn't.
President Donald Trump has signed the COVID-19 relief bill after refusing to do so for several days. Above, the president and first lady Melania Trump depart the White House for Mar-a-Lago last week.
Samuel Corum/AFP via Getty Images
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Holiday sales grow by 3%, a much bigger jump than during the last recession

by Marielle Segarra
Dec 28, 2020
The 2008 recession hit more broadly, and retailers were stuck with a lot of inventory. This time, retailers had time to plan.
Holiday shoppers make a last-minute trip to department stores in Manhattan on Dec. 24 in New York City.
Scott Heins/Getty Images
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Workplace Culture

States battle over remote-worker income tax

by Meghan McCarty Carino
Dec 24, 2020
Which state should get income taxes when out-of-state workers no longer go to the office?
A teacher works in her home office in Virginia. Some workers have stopped commuting across state borders, provoking skirmishes over tax revenue.
Olivier Douliery/AFP via Getty Images
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COVID & Unemployment

Will companies choose to rehire laid-off employees or hire new ones?

by Erika Beras
Dec 23, 2020
When they're ready to start hiring, businesses have to consider costs and legal issues.
A flight attendant passes out refreshments. Airlines are among the industries that could rehire workers once pandemic relief is distributed.
Michael Loccisano/Getty Images
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COVID-19

Even with more stimulus, analysts forecast a slow economic recovery

by Mitchell Hartman
Dec 17, 2020
COVID-19 is surging, layoffs are rising, consumers are hunkering down. Not a great place to be heading into 2021.
A closed bar in New York at the beginning of the pandemic.
Spencer Platt/Getty Images
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COVID-19

Which countries' economies are doing best? Those that beat the virus.

by Mitchell Hartman
Dec 14, 2020
As central bankers around the world meet to close out the year, some face stronger economic headwinds than others.
This year, the U.S. has added instability to the global economy, in contrast to its historical role of bolstering recovery.
Kena Betancur/AFP via Getty Images
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Retailers' holiday sales strategy this year? Fewer, smaller sales

by Marielle Segarra
Dec 7, 2020
They're trying to make a profit selling less stuff, but holding the line on prices.
A pedestrian walks past a store advertising a Black Friday sale in New York.
Jeenah Moon/Getty Images
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COVID-19

Dueling views of the economy we're in

by Nancy Marshall-Genzer
Dec 1, 2020
In their Senate testimony, Treasury chief Steven Mnuchin emphasized progress and Fed Chair Jerome Powell focused on unmet needs. Does their divergence matter?
Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell greet each other as they arrive at Tuesday's Senate Banking Committee hearing.
Al Drago/AFP via Getty Images
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COVID-19

As the new year approaches, government relief programs are set to expire

by Justin Ho
Nov 25, 2020
And there's no additional stimulus relief aid is in sight.
A "Cancel Rent" banner hanging in New York. Key programs that helped keep people financially afloat in the pandemic, as well as the CDC's eviction ban, will end.
Michael M. Santiago/Getty Images
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COVID-19

How low interest rates may shape the start of a Biden presidency

by Sabri Ben-Achour
Nov 24, 2020
The only thing really left is for Congress and a president to pass more stimulus.
President-elect Joe Biden announces key cabinet nominees at a press conference on Nov. 24 in Wilmington, Delaware.
Mark Makela/Getty Images
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