What would FDR do? We need a new WPA to fight massive unemployment in the coronavirus era.

The U.S. economy's record run of job growth and historically low unemployment has been stopped in its tracks by the fight against the coronavirus pandemic: joblessness hit 14.7% in April, and even if it starts to fall in coming weeks there will be scars......»»

Florida's overwhelmed online unemployment-compensation system has been taken down for the weekend as the state scrambles to process applications and reduce a massive backlog of claims caused by the coronavirus pandemic. Users of the Department of Econo.....»»

An array of businesses prepared on Thursday to reopen in Georgia and a handful of other U.S. states for the first time in a month, as another week of massive unemployment claims highlighted the grim economic toll of the coronavirus pandemic......»»

Some businesses prepared on Thursday to reopen in Georgia and a handful of other U.S. states for the first time in a month, as another week of massive unemployment claims highlighted the grim economic toll of the coronavirus pandemic......»»

As the United States continues its fight against the coronavirus pandemic, the nation faces an economic crisis — 22 million Americans filed for unemployment from mid-March through mid-April.........»»

For busy doctors and nurses on the frontlines of the fight against the coronavirus, a free bagged lunch or dinner means one less thing to worry about while confronting a massive public health crisis. For chefs in Baltimore and across the country, t.....»»

The record number of unemployment claims offer early indications of the economic pain triggered by the spread of the coronavirus pandemic. The figures have been well reported: 6.6 million nationally, nearly 370,000 across New York state and more th.....»»

Stocks ended higher Thursday, led by oil’s biggest one-day rally on record even after a massive spike in unemployment claims added to concerns over the coronavirus and its impact on the economy......»»

California faces an unprecedented number of unemployment claims amid the COVID-19 pandemic, which has left the st.....»»

BlackRock and Credit Suisse reckon it is time to get back into equities after markets rallied this week following massive government and central bank stimulus packages to fight fallout from the coronavirus crisis......»»

Nearly 148,000 people filed for unemployment benefits in Massachusetts last week, according to federal data published Thursday — a gargantuan amount even by the standard of recessions. The onrush came the same week that Gov. Charlie Baker tempo.....»»

The state's unemployment website registered more than 400,000 visitors March 24, Lt. Gov. Jon Husted said Wednesday. The figure reflects an influx of activity coinciding with a massive spike in unemployment claims amid the novel coronavirus pande.....»»

AP Photo/Evan Vucci The White House and Senate leaders reached an agreement on a massive $2 trillion federal economic rescue package, the largest ever assembled in American history. Upon passage, many .....»»

TARP Failure Monday? With Hours To Go Until Futures Open, Congress Deadlocked On Stimulus Deal With unemployment surging and GDP crashing, negotiations over a massive coronavirus stimulus package are com.....»»

In normal times massive unemployment and a collapse in economic output would be tragic......»»

The selling comes after President Trump signed a second coronavirus measure into law on Wednesday evening, which provides paid sick leave, unemployment help and free testing to Americans......»»

EUR/USD Current Price: 1.1006 The US government announced a massive relief package to fight the coronavirus crisis. Data both shores of the Atlantic missed the market’s expectations, fueling growth-related concerns. read more.....»»

Real obstacles to the fiscal stimulus America now needs to fight the damage caused by coronavirus......»»

Coronavirus is proving to be a massive threat to humanity. Thus, great efforts are needed to fight this deadly virus, and that is what Chinese... The post Chinese nurses shaving their heads to fight coronavirus appeared first on ValueWalk. C.....»»

California's massive budget deficit, coupled with the state's relatively high level of joblessness, has become a major barrier to reducing the billions of dollars of debt it ha.....»»