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A decade of job growth vanishes in less than a month
Roughly 16.8 million workers have filed for jobless benefits since the coronavirus slammed the U.S. economy.
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Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
Roughly 16.8 million workers have filed for jobless benefits since the coronavirus slammed the U.S. economy.
Owing child support could shrink your check, but being behind on taxes or student loans aren't a factor.
CEO tells employees the program will provide eligible workers with a pay and benefits package.
Treasury said late Wednesday that Social Security recipients won't need to file extra tax forms to receive the checks.
Cruise ship operator said people on the ships may not be able to disembark until the end of April.
"This is the fastest move in history from an all-time high to a bear market," one finance pro commented.
Checks will skip many teens who are 17 years or older, as well as adult dependents like college students and the disabled.
$2 trillion stimulus package "is a patch, not a panacea" for the American economy, Morgan Stanley says.
As layoffs pile up, one Fed estimate said the unemployment rate could top 30% by summer, higher than it was in 1930s.
Amazon, Instacart and Walmart are among the big companies seeking workers amid surge in demand during the pandemic.
Investors weighing impact of $2 trillion stimulus bill versus the pandemic's growing economic toll.
A "who's who of energy towns and major resort, leisure and amusement destinations" could face huge problems.
As pandemic slams U.S. economy, investors are counting on Congress to pass relief package approaching $2 trillion.
The Dow declined 2.9% after the stimulus bill to aid workers and businesses stalled in the U.S. Senate.
Treasury Secretary Steven Mnuchin announced that Tax Day will be delayed because of the coronavirus.