2020 has been a tale of two economies. On Dec. 4, the stock markets hit all-time highs even as the government reported stagnant job growth and an unemployment rate of 6.7%. Investors continued to see stellar returns while millions lost their jobs and thousands of small businesses closed permanently. The pandemic moved most of America to a work-from-home schedule and hastened the migration to online shopping. The question now: Can President-elect Joe Biden keep the recovery going?
One reason is that big corporations have not faced the economic pain that small businesses have Why are stock market valuations soaring when the real economy remains so fragile? One factor has become increasingly clear: the crisis has disproportionately affected small businesses and low-income …
The U.S. economy added 245,000 jobs in November and the unemployment rate fell to 6.7%, the Bureau of Labor Statistics said Friday. It's the seventh …
Democrat Joe Biden’s victory in the presidential race will provide a boost to a U.S. economy battered by the COVID-19 pandemic as his bold spending plans and stauncher support for trade and immigration more than offset the drawbacks of new taxes and regulations, top economists say. Biden’s blueprint …
The United States faces a wave of small-business failures this fall if the federal government does not provide a new round of financial assistance — a prospect that economists warn would prolong the recession, slow the recovery and perhaps enduringly reshape the American business landscape. As the …
The Federal Reserve has bailed out the stock and bond markets and stabilized the economy with its rock-bottom rates — but at the expense of Social …
Like many of the virus’s hardest hit victims, the United States went into the COVID-19 pandemic wracked by preexisting conditions. A fraying public health infrastructure, inadequate medical supplies, an employer-based health insurance system perversely unsuited to the moment—these and other …
In a New Jersey suburb seven miles west of Midtown Manhattan, the American Dream is on shaky ground. The Dream in question isn’t the mythological notion that upward social mobility is within reach for all hardworking Americans. It’s a $5 billion, 3 million-square-foot shopping and entertainment …
More than 2 million women had dropped out of the labor force as of October. The percent of American women working is the lowest since 1988. The pandemic recession has been dubbed a “she-session” because it has hurt women far worse than men. The share of women working or looking for work has fallen …
Trish Pugh started an Ohio trucking company with her husband in 2015. Even for a small business, it's small — they had two drivers, counting her husband, until they let one go because of the coronavirus crisis. And so her company applied for a loan under the first, $349 billion round of the Paycheck …
The pandemic has been a grand global experiment in the costs and benefits of a remote workforce. But long before the coronavirus hit, many people …
