Lucky Brand files for bankruptcy, has offer to sell company
Lucky said it plans to close 13 stores and could shutter more during the bankruptcy process.
US adds 4.8 million jobs as unemployment falls to 11.1%
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
'Unprecedented number' of complaints about EDD processing unemployment claims
San Francisco lawmakers and residents who have had trouble with unemployment benefits, convened Thursday on Zoom to discuss issues with the Employment Development Department’s unemployment program.
Roughly 40% of Americans are working from home full time because of the pandemic
New research out Monday suggests roughly 40 percent of Americans are working from home full-time due to the pandemic and hardly any at-home workers have returned to their normal workplace.
Another 1.48 million laid-off workers seek US jobless aid
The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.
Many jobs lost in pandemic aren’t coming back
The U.S. Labor Department reported more than 1.5 million new unemployment claims nationally; a very small decrease from last month, but a decrease nonetheless. Thursday's numbers indicate that California's job bleed out continues and will be a long time recovering.
1.5 million more laid-off workers seek unemployment benefits
The latest figure from the Labor Department marks the 11th straight weekly decline in applications since they peaked at nearly 7 million in March.
24 Hour Fitness files for bankruptcy as it closes more than 130 US gyms
The California-based company is the latest casualty of the outbreak, announcing the Chapter 11 bankruptcy filing on June 15.
Dow dives on coronavirus surge
The closing bell ended with the Dow Jones Industrial Average down 6.9% Thursday, with a 1,861-point plunge that left all Dow companies in the red, and left investors with whiplash.
1.5 million more laid-off workers seek unemployment benefits
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.
Tasting room reopens at Napa's oldest winery
At Charles Krug, Napa Valley's oldest winery, wine tasting returned Tuesday for the first time in almost three months.
Experts warn of nationwide surge in fraudulent unemployment claims
While there’s no exact measure of how many fraudulent claims have been made, states from Washington to Maine say they’ve seen an increase and numerous federal agencies are working to fight it.
U.S. reports unexpected gain of 2.5 million jobs in May
The stock market's meteoric rise was fueled by a shocking and surprising national labor report that said that the ranks of the nation's unemployed fell by 2.1 million people. The fundamentals of the U.S. economy and the desire to get back to work remain stronger than anticipated.
US unemployment drops unexpectedly to 13.3% amid outbreak
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.
Wall Street's rally zooms higher after surprise gain in jobs
The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.
1.9 million seek jobless aid even as reopenings slow layoffs
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
America’s job bloodshed continues
In the last week, another 2.1 million Americans jobs filed for unemployment benefits. That far outpaces the number of people returning to work as the economy slowly reopens under the threat of more virus outbreaks.
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.
Shopping mall reopens in San Mateo
San Mateo's Hillsdale Shopping Center reopened Tuesday with a fraction of its stores offering limited retail opportunities.
Stocks rise on Wall Street, but US braces for 100,000 deaths
With infections mounting rapidly in places like Brazil and India, a top global health official warned that the crisis is far from over.