Labor economy

In this Thursday, April 2, 2020 photo, an oil rig lights up the horizon on the outskirts of Midland, Texas after a late sunset. (Odessa American/Eli Hartman)
Associated Press
April 06, 2020 - 12:06 am
NEW YORK (AP) — In Montana, a father and son running a small oil business are cutting their salaries in half. In New Mexico, an oil truck driver who supports his family just went a week without pay. And in Alaska, lawmakers have had to dip into the state's savings as oil revenue dries up. The...
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A carpenter, who declined to be identified, cuts plywood to cover a closed store where artwork in support of people affected by the coronavirus already covers an adjacent panel in downtown Seattle, Thursday, April 2, 2020. The number of people seeking unemployment benefits in Washington set a new record last week, with tens of thousands more people in the state filing new claims as non-essential businesses remain closed due to the ongoing coronavirus pandemic. (AP Photo/Elaine Thompson)
Associated Press
April 03, 2020 - 7:09 am
WASHINGTON (AP) — After a record 113 straight months of hiring, the government's monthly jobs report Friday is expected to show that the American jobs machine came to a sudden halt in March as a result of the coronavirus. Economists have forecast that the government will say employers shed about...
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A man wearing a face mask to help protect against the spread of the new coronavirus walks on the underpass in Seoul, South Korea, Thursday, April 2, 2020. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Ahn Young-joon)
Associated Press
April 03, 2020 - 12:03 am
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — South Korea says more than 27,000 people are under...
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Pat Marmo, owner of Daniel J. Schaefer Funeral Home, walks through a viewing room set up to respect social distancing, Thursday, April 2, 2020, in the Brooklyn borough of New York. He and other funeral directors are seeing a surge of clients because of the coronavirus pandemic. (AP Photo/John Minchillo)
Associated Press
April 02, 2020 - 11:04 pm
NEW YORK (AP) — The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks in the swiftest, most stunning collapse the U.S. job market has ever witnessed, and the public health crisis deepened in New York City, where a funeral home in a hard-hit neighborhood had 185...
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Phu Dang, left, the owner of i5 Pho restaurant, gets help from a contractor as he boards up his business, Monday, March 30, 2020, in Seattle's downtown Pioneer Square neighborhood. Dang closed his business to dine-in customers earlier in the month and had tried doing takeout only food in response to the new coronavirus pandemic, but he said his location did not attract enough customers for take out and he decided to fully close for the time being. He said his decision to board up came after a nearby business was broken into over the weekend. (AP Photo/Ted S. Warren)
Associated Press
March 30, 2020 - 8:27 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Monday related to the global economy, the work place and the spread of the virus. _______ AIR CARE: Britain’s health service is asking airline cabin crew who have been...
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In this photo taken March 24, 2020, Mia Grace, right, holds a package of toilet paper as she and her dog Breezy observe social distancing chalk marks on the sidewalk while waiting to get in to The Reef Capitol Hill, a marijuana store in Seattle, which was limiting the number of people in the store at one time to help slow the spread of the new coronavirus. Earlier in the week, Washington Gov. Jay Inslee ordered nonessential businesses to close and the state's more than 7 million residents to stay home in order to slow the spread of the new coronavirus. In Washington and several other states where marijuana is legal, pot shops and workers in the market's supply chain were deemed essential and allowed to remain open. (AP Photo/Ted S. Warren)
Associated Press
March 28, 2020 - 4:30 pm
The coronavirus pandemic is defining for the globe what's “essential” and what things we really can't do without, even though we might not need them for survival. Attempting to slow the spread of the virus, authorities in many places are determining what shops and services can remain open. They're...
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President Donald Trump speaks before he signs the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington. Listening are from left, Larry Kudlow, White House chief economic adviser, Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, R-Ky., and House Minority Leader Kevin McCarty of Calif. (AP Photo/Evan Vucci)
Associated Press
March 27, 2020 - 4:33 pm
WASHINGTON (AP) — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law Friday, after swift and near-unanimous action by Congress this week to support businesses, rush resources to overburdened health care providers and help struggling families during the...
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Senate Majority Leader Mitch McConnell of Ky. gives a thumbs up as he arrives on Capitol Hill, Wednesday, March 25, 2020, in Washington. (AP Photo/Andrew Harnik)
Associated Press
March 26, 2020 - 10:04 am
WASHINGTON (AP) — The Senate passed a mammoth $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic, an unprecedented response amid record new jobless claims and mounting evidence that the economy is in a recession...
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Treasury Secretary Steven Mnuchin, left, accompanied by White House Legislative Affairs Director Eric Ueland and acting White House chief of staff Mark Meadows, speaks with reporters as he walks to the offices of Senate Majority Leader Mitch McConnell of Ky. on Capitol Hill in Washington, Tuesday, March 24, 2020. (AP Photo/Patrick Semansky)
Associated Press
March 25, 2020 - 1:50 am
WASHINGTON (AP) — The White House and Senate leaders of both parties struck an agreement late Tuesday on a sweeping $2 trillion measure to aid workers, businesses and a health care system strained by the rapidly spreading coronavirus outbreak. The agreement came after days of often intense haggling...
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A United Express airplane is sprayed with deicing fluid while waiting for take off from Denver International Airport as travelers deal with the spread of the coronavirus Friday, March 20, 2020, in Denver. According to the World Health Organization, most people recover in about two to six weeks depending on the severity of the illness. (AP Photo/David Zalubowski)
Associated Press
March 20, 2020 - 6:16 pm
Less than three months ago came the first reports of cases of pneumonia related to a virus first detected in Wuhan, China. The outbreak of the virus that causes COVID-19 has caused unprecedented disruptions that have brought an unparalleled shock to the global economy. Following are developments...
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