Biden wants to raise taxes, boost spending to recover jobs lost in pandemic. Trump wants more cuts to taxes, regulations and more tariffs on China.
Author: Paul Davidson, USA TODAY
What the Fed’s shift toward lower rates means for borrowers, savers, markets and the economy
The Fed has adopted a new policy that emphasizes low unemployment and lets inflation run hotter. Her’s what it means for you, markets, the economy
Fed announces landmark policy shift to spur inflation, job growth, keeping rates low longer
Fed Chair Powell unveiled a plan to let inflation run above target to make up for years of low price increases. It would keep rates near zero longer
‘What am I going to do at 55?’: More temporary layoffs could become permanent during COVID-19 recession
More temporary layoffs and furloughs are likely to become permanent job cuts, economists say, prolonging the labor market’s recovery
Will Americans spend the record cash they’ve saved amid uncertain outbreak and economy?
Americans have been saving record amounts of money amid economic shutdowns and generous federal stimulus checks. When will they spend it?
1.8M jobs added in July, unemployment falls to 10.2% as some states halt reopening, others throttle back
The economy added 1.8M jobs in July, unemployment fell to 10.2% as some states reopen economies, others pull back
Layoffs: 1.2M workers file for unemployment amid COVID-19 spikes, pushing total in crisis above 55M
Another 1.2M workers sought unemployment benefits — a measure of layoffs — last week, pushing the total in the crisis above 55 million
As some states reopen, others shutter amid outbreaks, forecasting July payrolls is guessing game
With some states reopening and others closing again, forecasting whether the U.S. gained or lost lots of jobs in July has become a guessing game
Layoffs: 1.4M more workers likely filed jobless claims as states pull back on reopenings
Another 1.4 million workers likely filed initial unemployment claims, indicating layoffs have persisted as states pause or roll back reopening plans.
US economy contracted record 32.9% in Q2 amid state shutdowns, COVID-19 contagion fears
U.S. gross domestic product fell at annual rate of 32.9% in second quarter as states shut down nonessential businesses and consumers largely stayed home.