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U.S. pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited

U.S. pandemic aid program saved 51.1 million jobs, but wealthy and connected also benefited

By: Michelle Price, David Lawder, Lawrence Delevingne
Source: Reuters
Date of Publication: July 6th, 2020
A high-profile pandemic aid program protected about 51.1 million American jobs, the Trump administration said on Monday, as it revealed how $521.4 billion in taxpayer cash was injected into small businesses but also into the pockets of the rich and famous.
Will office buildings ever be the same? Empire State Building offers clues

Will office buildings ever be the same? Empire State Building offers clues

By: Imani Moise and Echo Wang Reuters
Source: St Louis Post-Dispatch
Date of Publication: July 3rd, 2020
The Empire State Building has been a symbol of America's economic might for almost 90 years. Of late, it's also become a symbol of its struggle with the coronavirus.
Blowout jobs report may have missed a troubling trend linked to coronavirus

Blowout jobs report may have missed a troubling trend linked to coronavirus

By: Stephanie Landsman
Source: CNBC
Date of Publication: July 5th, 2020
The latest jobs report shocker may have missed a troubling trend. Crossmark Global Investments’ Victoria Fernandez warns it didn’t capture the fallout from surging coronavirus cases.

“The data was collected through the middle of June,” the firm’s chief market strategist told CNBC’s “Trading Nation” late last week. “It was really the second half of June when we saw states like where I am here in Texas start to reverse their opening up plans. That did not get captured in this number completely.”
COVID-19 — a timeline of the coronavirus outbreak

COVID-19 — a timeline of the coronavirus outbreak

By: Jenny Lei Ravelo, Sara Jerving
Source: Devex
Date of Publication: July 3rd, 2020
The timeline below tracks the development of the outbreak as it unfolds. Total cases as of July 3: 10,871,362 and 521,298 deaths.
The US economy created 4.8 million jobs in June. But that's not the whole story

The US economy created 4.8 million jobs in June. But that's not the whole story

By: Anneken Tappe
Source: CNN Business
Date of Publication: July 2nd, 2020
The US unemployment rate fell to 11.1% as the economy added a record 4.8 million jobs in June, the Bureau of Labor Statistics reported on Thursday.
U.S. job growth accelerates in June; unemployment rate falls

U.S. job growth accelerates in June; unemployment rate falls

By: Lucia Mutikani
Source: Reuters
Date of Publication: July 2nd, 2020
The U.S. economy created jobs at a record clip in June as more restaurants and bars resumed operations, further evidence that the COVID-19 recession was probably over, though a surge in cases of the coronavirus threatens the fledgling recovery.
 “V-Shaped” Recovery Not Now: It Gets Worse, 30.55 Million on Unemployment. Week 14 of U.S. Labor Market Collapse

“V-Shaped” Recovery Not Now: It Gets Worse, 30.55 Million on Unemployment. Week 14 of U.S. Labor Market Collapse

By: Wolf Richter
Source: Wolf Street
Date of Publication: June 25th, 2020
Had a setback. Over 11 million gig workers on unemployment insurance. But four states, including Florida, still can’t process federal PUA claims.
The Office Elevator In COVID-19 Times: Experts Weigh In On Safer Ups And Downs

The Office Elevator In COVID-19 Times: Experts Weigh In On Safer Ups And Downs

By: Lauren Weber
Source: NPR
Date of Publication: June 8th, 2020
Once the epitome of efficiency for moving masses of people quickly to where they needed to go, the elevator is the antithesis of social distancing and a risk-multiplying bottleneck. As America begins to open up, the newest conundrum for employers is how to safely transport people in elevators and manage the crowd of people waiting for them.
Coronavirus: Average worker is spending more money working from home

Coronavirus: Average worker is spending more money working from home

By: Leonardo Castaneda
Source: The Press-Enterprise
Date of Publication: June 25th, 2020
Forget saving money on gas and take-out lunches at the office. Americans on average are spending more money working from home than they were commuting to the office before shelter-in-place rules closed most offices.
New Unemployment makes recovery seem a long way off

With Unemployment Offices Busy, Recovery Seems a ‘Long Haul’

By: Nelson D. Schwartz
Source: New York Times
Date of Publication: June 25th, 2020
As coronavirus hot spots flare across the U.S., adding to economic worries, new jobless claims surpassed one million for the 14th week.