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The Labor Department says 4.4 million Americans filed for unemployment, bringing the total number to roughly 26 million jobless claims in the last five weeks since the pandemic began. CBS News business analyst Jill Schlesinger breaks down the number and the pandemic's impact on the economy on "CBS This Morning."
Millions of Americans facing unemployment over pandemic lockdowns are also struggling with the loss of their health care. Many are choosing to abstain from needed medical procedures because they cannot afford them without insurance. Anna Werner explains what Americans looking for other ways to get insured can do and speaks to Senator Mark Warner about lawmakers' efforts to help.
Most American businesses are closed and 22 million people have filed for unemployment. Many wonder what the economy and workforce will look like when the country reopens. New York Times bestselling author Gretchen Rubin joins "CBS This morning" with some tips on how to invest in your professional future.
Many people who have never had to line up for food donations are finding themselves in long lines across the country. Mireya Villarreal reports.
America is falling behind on coronavirus testing, but New Jersey is the country's first to use a new saliva based kit that delivers results within 48 hours. Mola Lenghi has the latest.
President Trump released his new coronavirus guidelines to reopen the economy and tells governors to ease restrictions by the end of the month, but many states are taking their own actions. Ben Tracy reports.
Some 5.2 million Americans filed for unemployment last week, bringing the number of unemployed to 22 million. The looming recession is fueling calls to reopen the economy sooner rather than later. Mark Strassmann reports.
More than 5 million people filed for unemployment in the last week as coronavirus lockdowns continue through the country. Although the number is lower than the previous two weeks, the figure rounds out a grim four-week span in which over 20 million Americans filed jobless claims. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to talk about what that figure means for the U.S.'s road to economic recovery.
Gary Cohn, President Trump's former chief economic adviser, joins "CBS This Morning" to talk about the economic impact of the coronavirus pandemic for our series Financial Fallout. Cohn was president and COO of Goldman Sachs during the last recession, and says we need to "take our clues" from the way COVID-19 is spreading in order to safely and cautiously reopen the economy.
With Italy's economy under threat of collapse, the government says it's working on solutions to getting people back to work. In CBS News' latest installment of "Racing to a Cure," Chris Livesay shows us how they are using antibody tests to get things back to normal.
The $350 billion Paycheck Protection Program could run out of money as early as Tuesday night. And Congress can't agree on how to send more. Kris Van Cleave reports.
The coronavirus pandemic has disproportionally affected minority communities, both in terms of confirmed COVID-19 cases and in the pandemic’s economic impact. About 36% of African American households report losing a job, taking a pay cut or both. That’s compared to 29% of white households. Operation Hope is a nonprofit providing financial literacy and empowerment to under-served communities and its founder and CEO, John Hope Bryant, has advised three U.S. presidents. He joins “CBS This Morning” to talk about his organization for our series, “Financial Fallout.”
As nearly 17 million Americans filed for unemployment in the past few weeks, it is no surprise many are seeking aid at food banks. The escalating demand, however, is barely being met with many fearing a shortage soon. Danya Bacchus reports.
Over 15 million Americans applied for unemployment benefits over the last three weeks, a devastating reflection of the coronavirus pandemic's impact on the economy. Many people, even those who do not know if they will still be employed, are looking for information to help navigate the uncertainty. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to respond to some of viewers' critical personal finance questions.
The Labor Department's newest weekly jobless claims report shows 6.6 million Americans applying for unemployment over the last week. The previous two weeks saw around 10 million U.S. workers filing, a grim record that reflects the coronavirus pandemic's massive weight on the economy. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to break down what the latest numbers mean for workers today and the future of the U.S. economy.
Since the coronavirus pandemic forced the U.S. economy into a tailspin, unemployment numbers have been rising to record heights. In Florida alone, nearly 600,000 people have applied for benefits since March 15, and the state is struggling to process the surge. Manuel Bojorquez speaks to one resident trying to apply despite the overwhelmed system making it difficult.
The government will release on Thursday the weekly number of newly jobless Americans. With crashing websites, jammed phone lines and long lines -- it means the struggle many face grows more desperate with each passing day. Manny Bojorquez reports.
The latest unemployment numbers show just how hard the coronavirus is hitting the economy. Over 6 million Americans filed for jobless benefits last week, at least 20 times what is normally seen. Food banks and other resources are being pushed to their limits by people in need, while President Trump maintains that the country is not slipping into a significant recession. Weijia Jiang reports from the White House, where messages on small business loans seem to conflict with some major banks.
More than 6.6 million Americans have filed for unemployment benefits last week, double the number of claims from the week before. Experts are saying next week's numbers could be worse. Mark Strassmann reports.
The House passed the $2 trillion coronavirus bill on Friday with bipartisan support, following a unanimous vote in the Senate. Hours later, President Trump signed it into law. Paula Reid reports.
A record number of Americans filed for unemployment last week as millions feel the economic impact of the coronavirus pandemic. Jericka Duncan speaks to a few of these everyday Americans who lost their jobs due to the pandemic, talking to them about how they their families, and their colleagues are dealing with financial struggles and the uncertainty of their own careers.
President Trump on Thursday confronted the historic rise in unemployment. His administration tried to downplay the historic surge. Paula Reid reports.
More than 3.3 million Americans filed for unemployment benefits in the past week. The House is expected to approve the $2 trillion lifeline to workers and businesses. Mark Strassmann reports.
More than 3 million U.S. workers filed for unemployment last week, making it the worst week for unemployment claims in over 50 years. Over half of all U.S. states have ordered nonessential businesses to close, putting millions more at risk of being laid off or not working enough hours to survive. Jill Schlesinger, who called the Senate's coronavirus stimulus bill aimed at easing the pandemic's economic blow a "lifeline" to these workers, joins "CBS This Morning" to put the numbers into context.
Nationally, unemployment claims are skyrocketing. The federal government is trying to put a band-aid on the financial bleeding, working to send out stimulus checks of $1,000 per adult and $500 per child. Kris Van Cleave reports.
