The economy added 1.8M jobs in July, unemployment fell to 10.2% as some states reopen economies, others pull back
Author: Paul Davidson, USA TODAY
As some states reopen, others shutter amid outbreaks, forecasting July payrolls is guessing game
With some states reopening and others closing again, forecasting whether the U.S. gained or lost lots of jobs in July has become a guessing game
Worried about another slump, many firms hire temporary workers instead of permanent staffers
Many businesses are hiring temporary workers and contractors because they can be easily let go if the economy turns south again
Layoffs: 1.4M more workers likely filed jobless claims as states pull back on reopenings
Another 1.4 million workers likely filed initial unemployment claims, indicating layoffs have persisted as states pause or roll back reopening plans.
US economy contracted record 32.9% in Q2 amid state shutdowns, COVID-19 contagion fears
U.S. gross domestic product fell at annual rate of 32.9% in second quarter as states shut down nonessential businesses and consumers largely stayed home.
With coronavirus surging, Fed keeps key interest rate near zero, vows more support
With COVID-19 resurgent across much of U.S., the Fed held interest rates near zero and vowed more support for economy. It noted pickup in jobs and economy.
GDP likely fell at record pace in the second quarter and state reclosings threaten rebound
U.S. economic output likely fell at record 35% annual rate in the second quarter. The rebound is threatened by COVID-19 spikes, state reclosings.
Amid COVID-19 spikes, reopening rollbacks, Fed could signal near-zero rates for even longer
Amid coronavirus spikes, the Fed Wednesday could signal it intends to keep interest rates near zero even longer and juice its bond buying stimulus
‘It’s really devastating us’: Beach towns fear they won’t survive a summer of COVID-19
Retailers everywhere are fighting to survive the challenges of COVID-19. But few merchants are under fire like those in America’s beach towns.
Work from home: More companies are letting new hires work anywhere permanently amid COVID-19 pandemic
More companies are seeking out job candidates across the U.S. and letting them work remotely. The trend is creating bigger pools of top applicants.