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Treasury Secretary Steven Mnuchin, center, and President Donald Trump's Chief of Staff Mark Meadows, second from right, leave following a meeting with House Speaker Nancy Pelosi of Calif. and Senate Minority Leader Sen. Chuck Schumer of N.Y. as they continue to negotiate a coronavirus relief package on Capitol Hill in Washington, Friday, Aug. 7, 2020. (AP Photo/Andrew Harnik)

Virus aid talks collapse; no help expected for jobless now

Aug. 8, 2020 2:09 AM EDT

WASHINGTON (AP) — A last-ditch effort by Democrats to revive Capitol Hill talks on vital COVID-19 rescue money collapsed in disappointment at week's end, making it increasingly likely that Washington gridlock will mean more hardship for millions of people who are losing enhanced jobless benefits and...

Treasury Secretary Steven Mnuchin, center, and President Donald Trump's Chief of Staff Mark Meadows, second from right, leave following a meeting with House Speaker Nancy Pelosi of Calif. and Senate Minority Leader Sen. Chuck Schumer of N.Y. as they continue to negotiate a coronavirus relief package on Capitol Hill in Washington, Friday, Aug. 7, 2020. (AP Photo/Andrew Harnik)

Last-ditch virus aid talks collapse; no help for jobless now

Aug. 7, 2020 10:35 PM EDT

WASHINGTON (AP) — A last-ditch effort by Democrats to revive Capitol Hill talks on vital COVID-19 rescue money collapsed in disappointment Friday, making it increasingly likely that Washington gridlock will mean more hardship for millions of people who are losing enhanced jobless benefits and further...

FILE - In this July 9, 2020, file photo, a large video display reads

US hiring slows amid signs of longer-lasting economic damage

Aug. 7, 2020 9:28 PM EDT

WASHINGTON (AP) — U.S. hiring slowed in July as the coronavirus outbreak worsened, and the government’s jobs report offered signs Friday that the economic damage from the pandemic could last far longer than many observers originally envisioned. The United States added 1.8 million jobs in July, a...

FILE - People pass the New York Stock Exchange, Thursday, July 30, 2020.  Wall Street is stalling on Friday, Aug. 7 as a whirlwind of worries about rising U.S-China tensions and whether Congress can deliver more aid for the economy threaten to halt its big run.(AP Photo/Mark Lennihan)

S&P 500 ekes out 6th straight gain following jobs report

Aug. 7, 2020 5:32 PM EDT

NEW YORK (AP) — Wall Street’s big rally let off the accelerator on Friday, despite a better-than-expected report on the U.S. job market, amid worries about worsening U.S.-China tensions and whether Washington can deliver more aid for the economy. The S&P 500 inched up 2.12 points, or 0.1%, to...

FILE - In this July 15, 2020, file photo, job seekers exercise social distancing as they wait to be called into the Heartland Workforce Solutions office in Omaha, Neb. The extra $600 in weekly unemployment benefits has expired, the federal eviction moratorium has ended and federal money to help businesses retain workers has grown lean. Meanwhile, the pandemic rages on and there is no consensus from Washington on another relief package. (AP Photo/Nati Harnik, File)

AP Explains: 5 key takeaways from the July jobs report

Aug. 7, 2020 3:10 PM EDT

WASHINGTON (AP) — A resurgence in COVID-19 cases didn’t shut off the American job creation machine last month — but it did slow it down. Employers added 1.8 million jobs in July, slightly more than had been expected but far fewer than the gains of the previous two months. And while the...

Indiana on pace to deplete jobless benefits in September

Aug. 7, 2020 12:41 PM EDT

INDIANAPOLIS (AP) — Indiana’s unemployment insurance trust fund will be depleted in September if Hoosiers continue seeking assistance for joblessness at the current pace due to the coronavirus pandemic, a state official says. The fund, which provides jobless benefits for the unemployed, had about...

Visitors walk along the edge of the ocean, Thursday, Aug. 7, 2020, in old Orchard Beach, Maine. As the summer tourist season reaches its peak Maine's coronavirus positivity rate remains among the lowest in the nation. (AP Photo/Robert F. Bukaty)

Jobless claims continue to fall in Maine; colleges get aid

Aug. 7, 2020 11:02 AM EDT

ORONO, Maine (AP) — Jobless claims are continuing to fall in Maine. The Maine Department of Labor said 1,700 individuals filed an initial claim for unemployment assistance in the week that ended on Aug. 1. That's 900 less than the previous week and far less than the totals from April and May, when tens of...

Iowa continuing unemployment claims fall

Aug. 7, 2020 10:30 AM EDT

DES MOINES, Iowa (AP) — More than 6,700 people filed unemployment claims last week in Iowa, and the number of continuing claims is nearly 105,000, a decrease of more than 5,000 from the previous week. There were 6,765 claims for unemployment insurance in the week ending Aug. 1, Iowa Workforce Development...

A currency trader smiles at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 7, 2020. Asian shares were mostly lower Friday in lackluster trading, as the region weighed continuing trade tensions over China and optimism about more fiscal stimulus for the ailing U.S. economy. (AP Photo/Ahn Young-joon)

Asian shares skid amid virus woes, China-US trade tensions

Aug. 7, 2020 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy. Investors were also awaiting a U.S. report on jobs later Friday for another gauge of the economic fallout from the...

Treasury Secretary Steven Mnuchin speaks to reporters as White House chief of staff Mark Meadows stands left on Capitol Hill in Washington, Thursday, Aug. 6, 2020. (AP Photo/Carolyn Kaster)

Virus talks on brink of collapse, sides still 'far apart'

Aug. 6, 2020 10:34 PM EDT

WASHINGTON (AP) — Washington talks on vital COVID-19 rescue money are teetering on the brink of collapse after a marathon meeting in the Capitol Thursday night generated a wave of recriminations but little progress on the top issues confronting negotiators. “There’s a handful of very big...