Author: Paul Davidson, USA TODAY

Another 3 million workers sought unemployment last week as relentless string of layoffs continued. More than 36 million have filed claims in 8 weeks.

Social Security beneficiaries may receive no cost-of-living increase next year because of unusually low inflation, a preliminary estimate shows.

Fed Chair Powell cited the risk the coronavirus could mean ‘a prolonged recession and weak recovery.’ He said Fed will use its tools “to the fullest.”

Economists estimate another 2.5 million initial jobless claims were filed last week. The claims are a reliable measure of layoffs.

A core measure of consumer prices posted the sharpest decline on record because of COVID-19. But it may not last and it’s no reason to celebrate.

Some 30% of America’s economy has evaporated, leading to 20.5 million job losses and soaring unemployment.

Ready Capital has kept thousands of small businesses waiting for critical loans as it struggled to meet demand

Ready Capital has kept thousands of small businesses waiting for critical loans as it struggled to meet demand

Economists forecast 21.5M job losses and 16% unemployment in April report due Friday. But such numbers don’t account for millions who left labor force.

Deflation, or falling prices, is another risk for the economy. Falling demand for goods and services could push down prices, creating a toxic cycle.