41 million have lost jobs since virus hit, but layoffs slow
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
Nearly 39 million have sought US jobless aid since virus hit
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
What is a debt validation letter?
Take this important step if a debt collector comes knocking.
Where’s my stimulus check? IRS adds phone operators to answer relief payment questions
The IRS is adding 3,500 phone representatives to handle a flood of calls from taxpayers waiting for their stimulus checks.
Millennial Money: Put off debt payments to start saving now
If you’re one of the millions of Americans making less or receiving unemployment benefits because of the coronavirus pandemic, you’re probably working to recalibrate your finances.
JCPenney files for bankruptcy as coronavirus pushes retailer over edge
Retailer JCPenney filed for Chapter 11 bankruptcy protection after the coronavirus pandemic forced stores to shut, the company announced Friday evening, joining J. Crew and Neiman Marcus.
US retail sales plunged 16% in April as virus froze economy
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
3 million more US layoffs intensify fears of lasting damage
Roughly 36 million people have now sought jobless aid in just the two months since the coronavirus first forced businesses to close down and shrink their workforces, the government said Thursday.
Lost your job? Here's what you need to know
Nearly 33.5 million Americans have lost their jobs and applied for unemployment benefits in the past 7 weeks — a stunning record high that reflects the near-complete shutdown of the U.S. economy.
Consumer debt surged to $14.3T before worst of coronavirus crisis, Fed says
Mortgage balances, the largest component of household debt in the U.S., jumped by $156 billion in the first quarter.
US jobless claims soar past 30 million as 3.8 million more workers seek aid
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
Half of working-age Americans might not have a paycheck in May as layoffs surge
Fewer than half of working-age Americans could earn a paycheck in May as the coronavirus pandemic triggers millions of job losses.
Coronavirus sets student loan interest rates to historic lows — how to save money by refinancing
If you’re worried about making student loan payments, here are a few ways you can get some help from your student loan lenders.
Smallest businesses get a few hours at head of loan line
Smaller businesses that need coronavirus relief will get to move to the front of the line come Wednesday.
US economy shrank at 4.8% rate last quarter as coronavirus struck
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
IRS enhances 'Get My Payment' online application to help taxpayers
The "Get My Payment" tool can be accessed through IRS.gov
Arizona launching Pandemic Unemployment Assistance program May 12
Department of Economic Security announced that Arizona will be launching a Pandemic Unemployment Assistance program
Social Security and Medicare funds at risk even before coronavirus pandemic
For Social Security, the projected 2035 date for exhausting the trust fund reserves means that it would be able to pay only 79% of benefits.
Didn't get your stimulus check? IRS launches tracking tool
The IRS has launched a tracking tool to allow taxpayers a way to see when their stimulus money will arrive and confirm how they want to be paid.