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Stories Tagged as

Coronavirus recession

COVID & Unemployment

Where's the safety net for laid-off workers?

by Andy Uhler
Sep 30, 2020
Heading into the third quarter of the COVID economy, companies are shedding thousands of employees with little government relief in sight.
An unemployed airport worker calls for extended unemployment benefits in August. Airline workers are expecting mass layoffs beginning Thursday.
Joe Raedle/Getty Images
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COVID-19

Brooklyn Museum is first in U.S. to sell art to help pay its costs

by Erika Beras
Sep 18, 2020
Some cultural institutions are facing severe budget shorfalls, but most have a surplus of art that can be easily converted to cash.
People roam around the entrance to the Metropolitan Museum of Art in New York City on Aug. 29, the day it reopened to the public after shutting in mid-March. The museum is preparing for a $100 million loss this year.
Michael Loccisano/Getty Images
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COVID-19

The devil is in the details when it comes to rising retail sales

by Sabri Ben-Achour
Sep 16, 2020
Spending continues to grow, but at a slower pace. And some expect it to level off altogether in the coming quarter.
Patrons dine at an outdoor restaurant in downtown San Diego, California, in July.
Sandy Huffaker/AFP via Getty Images
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COVID-19

The recovery for restaurants is slowing down

by Sabri Ben-Achour
Sep 15, 2020
Roughly 1 in 6 U.S. restaurants are currently closed, and 100,000 may not survive the year.
Johannes Eisele/AFP via Getty Images
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COVID-19

Businesses, insurers want federal backstop to interruption insurance

by Kimberly Adams
Sep 11, 2020
Retailers like Century 21 are blaming unpaid insurance claims for their bankruptcies.
A Century 21 department store in lower Manhattan on Sept. 10. The company blamed its insurers for its bankruptcy.
Spencer Platt/Getty Images
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COVID & Unemployment

Trump's Lost Wages Assistance money isn't enough for many unemployed

by Mitchell Hartman
Sep 11, 2020
As Congress battles over how to help those who are out of work in the pandemic, FEMA funds to replace federal pandemic checks are already running out.
A protester holds a sign calling for a fix to unemployment benefits at a protest in Miami Beach.
Joe Raedle/Getty Images
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COVID-19

On 9/11, pondering the COVID-19 recovery ahead

by Kimberly Adams
Sep 11, 2020
Experts believe New York will be a very different place in the aftermath of the pandemic. One big change: more affordable.
People visit the 9/11 memorial plaza in New York City.
Spencer Platt/Getty Images
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COVID & Unemployment

The good news? The economy added 1.4 million jobs in August. The bad news? The economy only added 1.4 million jobs in August.

by Mitchell Hartman
Sep 4, 2020
The economy's clawing its way back from historic job losses in the spring, but it's only halfway back to pre-pandemic levels.
A barista making coffee at an Oklahoma cafe. While 1.4 million new jobs were added in August, employment gains are slowing.
Johannes Eisele/AFP via Getty Images
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My Economy

When you laugh, "you can't grab onto the unknown": A children's entertainer reflects on her job in the pandemic.

by Alli Fam
Sep 4, 2020
Laughter is always important, even in a pandemic.
Susie Estes and Steve Brown performing as Sammie and Tudie.
(Courtesy of Susie Estes)
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COVID-19

A shopping mall embraces a different normal

by Kai Ryssdal
Sep 3, 2020
After closing for a month, the Butte Plaza Mall sees an increase in foot traffic and acceptance of new rules.
Shoppers at a mall in Costa Mesa, California. Many retail locations are reopening with reduced capacity and new safety rules.
Mario Tama/Getty Images
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