Christopher Rugaber

Government, Business

33 Million Have Sought US Unemployment Aid Since Virus Hit

More than 33 million people have files for unemployment benefits since the coronavirus began sweeping the U.S. A woman wearing a mask walks with her groceries past a closed theater in Euclid, Ohio, on May 6. (Tony Dejak/Associated Press)

Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.

Christopher Rugaber | Associated Press
May 7, 2020
Government, Business

30 Million Have Sought Unemployment Aid Since Virus Hit

A man walks past a closed business in Chagrin Falls, Ohio, on April 29. A man walks past a closed business in Chagrin Falls, Ohio, on April 29. (Tony Dejak/Associated Press)

More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.

Christopher Rugaber | Associated Press
April 30, 2020
Government, Business

26 Million Have Sought US Jobless Aid Since Virus Hit

A masked worker at a WIN job center in Pearl, Miss., holds an unemployment benefit application form as she waits for a client on April 21. A masked worker at a WIN job center in Pearl, Miss., holds an unemployment benefit application form as she waits for a client on April 21. (Rogelio V. Solis/Associated Press)

More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said April 23.

Christopher Rugaber | Associated Press
April 23, 2020
Government, Business

Record 22 Million Have Sought US Jobless Aid Since Virus

A man looks at the closed sign in front of the Illinois Department of Employment Security in Chicago on April 15. A man looks at the closed sign in front of the Illinois Department of Employment Security in Chicago on April 15. (Nam Y. Huh/Associated Press)

The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck forced 5.2 million more people to seek unemployment benefits last week, the government reported April 16.

Christopher Rugaber | Associated Press
April 16, 2020
Government, Business

US Sheds 701,000 Jobs, Ending a Record Hiring Streak

A pedestrian walks by a closed barbershop in Michigan on April 2. A pedestrian walks by a closed barbershop in Michigan on April 2. (Paul Sancya/Associated Press)

A recordlong streak of U.S. job growth ended suddenly in March after nearly a decade as employers cut 701,000 jobs because of the viral outbreak that has all but shut down the U.S. economy.

Christopher Rugaber | Associated Press
April 3, 2020
Government, Business

Fed to Buy a Range of Treasury Bonds to Try to Ease Jitters

NYSE traders Traders at the New York Stock Exchange on March 12 by Richard Drew/AP

WASHINGTON — The Federal Reserve will sharply increase its purchases of short-term U.S. Treasury bonds to try to ease anxiety and disruptions in the financial markets over the coronavirus outbreak.

Christopher Rugaber | Associated Press
March 12, 2020
Government, Business

Consumer Prices Grew 0.1% in February as Food Costs Rose

food shoppers Food shoppers by John Locher/AP

WASHINGTON — U.S. consumer prices increased slightly last month, driven higher by more expensive food.

Christopher Rugaber | Associated Press
March 11, 2020
Business

US Businesses Add 183,000 Jobs in Sign of Pre-Virus Health

Chef and trainee at Inspiration Kitchens in Chicago Chef Samara Henderson (left) works with trainee Anthony Redmond at Inspiration Kitchens in Chicago on Jan. 29, 2020. (Nam Y. Huh/Associated Press)

WASHINGTON — U.S. businesses added 183,000 jobs last month, a solid gain that shows the economy was largely healthy when the coronavirus outbreak spread farther around the globe.

Christopher Rugaber | Associated Press
March 4, 2020
Government, Business

Consumer Spending Slowed in January While Incomes Jumped

Man shopping for jeans A man shops at a Kohl's store in Colma, Calif. (Jeff Chiu/AP)

WASHINGTON — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose.

Christopher Rugaber | Associated Press
February 28, 2020
Government, Business

Federal Reserve Saw Declining Recession Risk in December

Federal Reserve Chairman Jerome Powell Federal Reserve Chairman Jerome Powell by Jacquelyn Martin/Associated Press

WASHINGTON — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting in December, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year.

Christopher Rugaber | Associated Press
January 3, 2020

Pages