Latest Employment figures News

Workers wearing masks walk by the New York Stock Exchange during the coronavirus pandemic, Thursday, July 9, 2020, in New York. (AP Photo/Mark Lennihan)

Most of Wall Street wilts amid worries on virus, economy

Jul. 9, 2020 4:43 PM EDT

NEW YORK (AP) — Most of Wall Street wilted Thursday on worries that the economy’s recent improvements may be set to fade as coronavirus cases keep climbing. The S&P 500 lost 0.6%, with three in four stocks within the index falling. The sharpest drops hit oil companies, airlines and other stocks...

FILE - In this April 24, 2020 file photo, empty United Airlines ticket machines are shown at the Tampa International Airport in Tampa, Fla. United United Airlines will send layoff warnings to 36,000 employees - nearly half its U.S. staff - in the clearest signal yet of how deeply the virus outbreak is hurting the airline industry. United officials said Wednesday, July 8 that they still hope to limit the number of layoffs by offering early retirement, but they have to send notices this month to comply with a law requiring that workers get 60 days' notice ahead of mass job cuts. (AP Photo/Chris O'Meara, File)

US economy may be stalling out as viral outbreak worsens

Jul. 9, 2020 3:43 PM EDT

WASHINGTON (AP) — The U.S. economy is stumbling as the viral outbreak intensifies, threatening to slow hiring and deepening the uncertainty for employees, consumers and companies across the country. Coronavirus case counts are rising in 38 states, and the nation as a whole has been shattering single-day...

A currency trader gestures at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 9, 2020. Asian stock markets followed Wall Street higher on Thursday following gains for major U.S. tech stocks. (AP Photo/Ahn Young-joon)

Asian stocks follow Wall Street higher after tech gains

Jul. 8, 2020 11:09 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher on Thursday following gains for major U.S. tech stocks. Benchmarks in Shanghai, Tokyo, Hong Kong and Australia rose. U.S. stocks have recovered most of this year’s losses, helping to push up global prices, despite rising numbers of...

Senate Majority Leader Mitch McConnell, R-Ky., listens to questions during a news conference following a GOP policy meeting on Capitol Hill, Tuesday, June 30, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)

McConnell eyes virus aid as evictions, benefits cuts loom

Jul. 7, 2020 8:27 PM EDT

WASHINGTON (AP) — An eviction moratorium is lifting. Extra unemployment benefits are ending. Parents are being called to work, but schools are struggling to reopen for fall as the COVID-19 crisis shows no signs of easing. With Congress bracing for the next coronavirus aid package, Senate Majority Leader...

FILE - In this Sunday, April 2, 2017, file photo, Tim McGraw, left, and Faith Hill arrive at the 52nd annual Academy of Country Music Awards at the T-Mobile Arena in Las Vegas. The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. A Nashville, Tenn., company called “Road Dog Touring, Inc.” was approved for a small business loan of $2 million to $5 million. The company owns the official website for country singer Tim McGraw, timmccgraw.com, and a joint official site with his wife, Faith Hill, timandfaith.com. (Photo by Jordan Strauss/Invision/AP, File)

Kanye West? Tim McGraw? Girl Scouts? All got PPP loans

Jul. 7, 2020 6:56 PM EDT

WASHINGTON (AP) — The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. Clothing lines by...

FILE - In this Thursday, June 4, 2020 file photo, a customer walks out of a U.S. Post Office branch and under a banner advertising a job opening, in Seattle. The job market took a big step toward healing in May 2020, though plenty of damage remains, as a record level of hiring followed record layoffs in March and April. The Labor Department reported Tuesday, July 7, 2020 that the number of available jobs rose sharply as well, but remained far below pre-pandemic levels. (AP Photo/Elaine Thompson, File)

Hiring soared in May as mass layoffs eased

Jul. 7, 2020 12:29 PM EDT

WASHINGTON (AP) — The job market took a big step toward healing in May, though plenty of damage remains, as a record level of hiring followed record layoffs in March and April. The Labor Department reported Tuesday that the number of available jobs rose sharply as well, but remained far below pre-pandemic...

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, July 7, 2020. Asian shares were mixed Tuesday, as some benchmarks were buoyed by an ongoing worldwide rally as investors bet on a dramatic economic turnaround amid ongoing challenges of the coronavirus outbreak. (AP Photo/Vincent Yu)

Asia markets slip as virus outbreaks mute hopes for rebound

Jul. 7, 2020 12:42 AM EDT

TOKYO (AP) — Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the Nasdaq composite to another record high. Japan's benchmark Nikkei 225 dropped 0.6% to 22,577.65 and South Korea's Kospi...

FILE - Hot air balloons are inflated during the annual Albuquerque International Balloon Fiesta in Albuquerque, N.M., on Saturday, Oct. 5, 2019. The Santa Fe Opera, Meow Wolf and the non-profit organization that puts on the Albuquerque International Balloon Fiesta are among the New Mexico businesses that received loans from the federal government as part of massive effort to support the economy amid the coronavirus outbreak. (AP Photo/Susan Montoya Bryan, file)

Kanye West? The Girl Scouts? Hedge funds? All got PPP loans

Jul. 6, 2020 7:15 PM EDT

WASHINGTON (AP) — The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. Kanye West's...

FILE - In this June 30, 2020 file photo, Treasury Secretary Steven Mnuchin testifies during a House Financial Services Committee hearing on the coronavirus response on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak (Tasos Katopodis/Pool via AP, File)

Small business aid went beyond hard-hit companies, data show

Jul. 6, 2020 6:53 PM EDT

WASHINGTON (AP) — The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money through a federal program that was designed to soften job losses from the coronavirus but also benefited wealthy, well-connected companies and some celebrity owned...

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 3, 2020. Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. (AP Photo/Eugene Hoshiko)

World stocks mostly dip with US closed for holiday

Jul. 3, 2020 12:47 PM EDT

World stock markets fell slightly in Europe on Friday after gains in Asia, with trading somewhat subdued by a long holiday weekend in the U.S. With Wall Street remaining closed in observance of Independence Day, Germany's DAX edged 0.6% lower to 12,528.18. The CAC 40 in Paris dropped 0.8% to 5,007.14, while...