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Weekly initial claims for jobless benefits remain higher than any single week of the global financial crisis in the US

Weekly Unemployment Claims Fall Slightly To Just Over 1 Million

Initial jobless claims fell 98,000 from the previous week, which also was revised down slightly.

Why Are Global Stocks Surging While Underlying Economies Are Languishing?

Mariatou Diallo, who has been unable to make her rent payment since March 2020, holds up a sign during a protest against evictions -- the US could soon be facing a major housing crisis sparked by pandemic-related joblessness

Stock indexes in U.S., Europe, Japan have soared as economies stagnated.

More Than One-Third Of US Has Less In Emergency Savings Than Before Pandemic

The US economy has lost millions of jobs already, and many Americans lack emergency savings

Baby Boomers are in a particularly precarious position with their savings.

White House economic adviser Larry Kudlow defends an expeditious reopening of the US economy

White House Economic Adviser Larry Kudlow Says Economic Recovery Is Strong, Despite Coronavirus

Kudlow said though the White House could agree to more stimulus spending, it won't include "everybody's wish list."

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A political earthquake has coursed through Hong Kong since the national security law came into effect

Hong Kong Forecasts Record GDP Contraction For 2020, After GDP Shrinks 9% In Second Quarter

Hong Kong’s economy has been battered by the pandemic while U.S.-Chinese tensions add further risk

Congress has yet to agree on whether or not to extend extra payments to unemployed Americans contained in the CARES Act rescue package passed in March

No Aid In Sight As US Jobless Claims Drop Below 1 Mn

No aid in sight as US jobless claims drop below 1 mn

As talks in Washington over pandemic assistance drag on, new jobless claims fell in the latest week, but the data show a slow jobs recovery

Initial Unemployment Claims Fall Below 1 Million For First Time Since March

The Labor Department estimated the unemployment rate for the week ending Aug. 1 at 10.6%.

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'To let' signs are likely to become an even more frequent occurrence on British high streets as the government ends some support for businesses

Britain Enters Recession As GDP Plunged By Record 20.4% In Second Quarter

Analysts fear that job losses will accelerate as government furlough, wage subsidy schemes expire

Credit Card Debtors Worry About Making Minimum Payments If COVID-19 Pandemic Persists

Eighty-seven percent of millennials said they might not make minimum payments if they’re unable to work.

People receive free face masks at a Salvation Army Community Center in New York City

Bezos, Dimon Other CEOs Pledge To Hire 100,000 Minority Workers In New York

Minority, low income New Yorkers have suffered the most from unemployment and the pandemic

Trade-dependent Singapore is one of the first countries to report growth data for the period when many nations entered lockdowns

Virus-hit Singapore's Q2 Recession Deeper Than Estimated

Virus-hit Singapore's Q2 recession deeper than estimated

President Donald Trump said the coronavirus pandemic in the US is likely to 'get worse before it gets better'

Trump Says He Will Move Forward With Executive Orders To Help Americans Amid Pandemic

Trump said he will move forward with multiple executive orders and also declared he would move to require health insurers to cover all pre-existing conditions.

US jobs data will provide a clearer snapshot of the world's top economy, which has been hit by fresh containment measures that have left cities like Las Vegas like ghost towns

Global Stocks Mixed As US-China Tensions Rise, Washington Deal Elusive

Global stocks mixed as US-China tensions rise, Washington deal elusive

A 'help wanted' sign in the window of Add Accessories in New York City

Job Gains Slowing -- Could Economic Recovery From Coronavirus Pandemic Be Stalling?

Gains in the hospitality and retail sectors accounted for nearly half the 1.8 million jobs created, but a wave of business failures is poised to begin.

Another 1.5 million people filed new claims for jobless benefits in the United States last week, barely changed from the prior week and indicating that layoffs continue

July Unemployment Fell To 10.2%, 1.8 Million Jobs Added

It was the lowest level since the coronavirus pandemic induced a recession in February but only 40% of the jobs lost at the start of the pandemic have been regained.

Thursday’s Stock Market Close: US Equities Rise, Nasdaq Closes Above 11,000 For First Time

U.S. stocks rose on Thursday ahead of Friday’s jobs report.

US Jobless Claims Dip In Latest Week, But Government Help Delayed

US jobless claims dip in latest week, but government help delayed

A man holds his work document at a job fair in 2019 in Rio de Janeiro, Brazil -- the country's unemployment rate has now risen to to 13.3%

Unemployment In Virus-hit Brazil Reaches 13.3%, Worst In 3 Years

Unemployment in virus-hit Brazil reaches 13.3%, worst in 3 years

Thursday’s Stock Market Open: US Equities Slip As Initial Jobless Claims Again Top 1 Million

U.S. stocks fell on Thursday as 1.2 million Americans filed for jobless claims last week

Coronavirus Economy: Initial Unemployment Claims Lower As Stimulus Talks Stall

After two weeks of rises, initial unemployment claims were lower last week but still above 1 million.

The Bank of England is expected to unveil new measures to shore up the UK economy

Bank of England Keeps Rates Unchanged At Record Low, Warns Of Slower Recovery

The central bank expects the U.K. economy to shrink by 9.5% this year

The British pound shot higher Thursday after the Bank of England upgraded its economic forecast

BoE Sees Less Severe UK Downturn

BoE sees less severe UK downturn

BoE Sees Less Severe UK Downturn, Leaves Rate On Hold

BoE sees less severe UK downturn, leaves rate on hold

Toyota Warns Of 64% Drop In Full-year Net Profit

Toyota warns of 64% drop in full-year net profit

More Than 5 Million Americans May Be Insolvent By End Of August If Unemployment Benefits Reduced

The money crunch is a sure thing if the government scraps the $600 enhanced jobless benefit.

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