Millions still waiting for unemployment checks
As more than 22 million Americans line up for unemployment benefits, nearly a third haven't even gotten first check yet.
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As more than 22 million Americans line up for unemployment benefits, nearly a third haven't even gotten first check yet.
Roughly 1 in 7 workers is now jobless as the coronavirus pandemic shuttered large portions of the U.S. economy.
With so many Americans out of work and stuck inside during the coronavirus pandemic, very few are spending money like they used to.
The rapidly unfolding economic downturn will be different than past global contractions, experts believe.
"I think they've shut their phones off," says one laid-off worker of trying to reach her state's employment office.
Massive unemployment amid the COVID-19 shutdown means millions have also lost their employer health insurance.
Roughly 16.8 million workers have filed for jobless benefits since the coronavirus slammed the U.S. economy.
Ride-hail drivers, delivery workers and creative freelancers could be barred from "expanded" unemployment benefits.
This week on 60 Minutes: In an economy devastated by coronavirus, business owners and employees struggle with the loss of revenue and jobs. And, Lesley Stahl reports on how Holocaust survivors will be able to share their stories after death thanks to a new project.
"All I asked in the piece was that we take a moment for those who are feeling grief and sorrow," Dickerson said about his Atlantic magazine article. Dickerson also spoke about it this week on 60 Minutes.
A New York City restaurant owner says she's concerned about the well being of the employees she's had to lay off as the novel coronavirus grips the region.
Americans who never thought they would need it are seeking unemployment benefits because of coronavirus-related layoffs. They're finding an overwhelmed system that may not meet their needs in time. Meanwhile, business owners are trying to find solutions.
Our viewers had a message about their small businesses in this era of quarantine: "Don't forget us"
CBS News business analyst Jill Schlesinger on this week's 6.6 million newly unemployed, the latest dour financial news during the coronavirus pandemic
U.S. economy added 701,000 fewer jobs last month, but experts say the damage is much worse.
A flood of workers are applying for jobless aid as the coronavirus plunges the U.S. economy deeper into recession.
But most say package won't be enough.
"The job situation is going to be getting worse and worse, at least for the next few months," Schlesinger said.
"Financially, I've never been more stressed out in my entire life," said one 25-year-old. "Rent's due in like five days."
Jobless claims have skyrocketed in the face of an unprecedented health crisis, but there are job openings at firms accommodating a nation undergoing a pandemic
Nearly 3.3 million Americans filed for unemployment last week amid the coronavirus pandemic.
Americans filing for unemployment benefits can expect hundreds of extra dollars. Question is: How soon?
Mass layoffs result in "single worst one-day piece of labor market news in America's history," one expert said.
That's nearly five times as many claims as the previous record of 695,000 in October 1982.
More than 3 million Americans filed for unemployment benefits last week, the most in 50 years.