Ford, General Motors recalling employees as Michigan automakers prep for reopening

Both Ford and General Motors indicated over the last week they would begin prepping their plants to reopen as the state contemplates how to jumpstart the faltering economy due to the COVID-19 pandemic

1 in 4 Americans have lost job because of coronavirus; most think they'll return to work

One out of every four American adults say someone in their household has lost a job to the coronavirus pandemic, but the vast majority expect those former jobs will return once the crisis passes

Soaring unemployment numbers during COVID-19 pandemic add to challenges faced by recent graduates

As unemployment numbers continue to rise across the country and in Arizona, it also means a tough time for jobseekers, especially for those entering the workforce after completing their education.

Dow rises as S&P, Nasdaq slip in volatile session

The Dow Jones Industrial Average rose 110 points, or 0.47 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite climbed 0.62 percent and 0.55 percent, respectively.

US unemployment claims surge by another 4.4 million

More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.

Johns Hopkins University warns of layoffs, cuts while tracking coronavirus spread

Johns Hopkins University is planning to cut salaries and expecting to furlough and lay off employees because of multimillion-dollar losses arising from the pandemic.

Small businesses suffer after banks pay out PPP loans to big businesses

The second round of stimulus funding is expected to be approved by the US House by Thursday and the key feature of the bipartisan funding bill is the Payroll Protection Program (PPE).

Changes made to unemployment filings amid economic panic due to coronavirus pandemic

New numbers from the Department of Economic Security, show more than 72,000 people applied for unemployment insurance in the past week alone, the fifth week after the state's COVID-19 response began.

Ilhan Omar introduces bill to cancel rent, mortgage payments during coronavirus pandemic

Legislation has been introduced that would cancel rent and mortgage payments for Americans during the coronavirus pandemic. This would be available to all Americans regardless of income or employment.

Garcetti warns of budget cuts, employee furloughs from COVID-19 pandemic during State of the City address

Delivering an unusual State of the City address in an unprecedented time of coronavirus social restrictions, Mayor Eric Garcetti on Sunday evening called for stepped-up federal funding for cities while warning that municipal services will be reduced due to spiraling revenue and many city employees will be furloughed for about a month.

Disney suspends pay for 100,000 employees: report

Walt Disney Co. will stop paying more than 100,000 employees this week, nearly half of its workforce, as the world's biggest entertainment company tries to weather the coronavirus lockdown, it was reported Monday.

Essential food workers getting 2 weeks of paid leave

Newsom called out those who pick, serve and deliver food for doing such essential work during this time, and he credited the Latino Caucus for bringing the matter to his attention. 

Layoffs and pay cuts are now striking more white collar jobs

The record-setting flood of layoffs unleashed by the viral outbreak is extending beyond the services industries that bore the initial brunt and are still suffering most.

Unemployment claims jumped by 5.25M last week as coronavirus job carnage continues

The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck caused 5.2 million more people to seek unemployment benefits last week.