10 Challenges Biden Faces in Righting the Economy
The pandemic has damaged the economy and cost millions of people their livelihoods. These are some of the areas that demand Joe Biden’s attention.
The pandemic has damaged the economy and cost millions of people their livelihoods. These are some of the areas that demand Joe Biden’s attention.
The government is expanding university capacity, but some young people worry that the option will only postpone a crisis stemming from a shortage of well-paying work.
The Chinese economy grew 2.3 percent last year, the country’s National Bureau of Statistics announced on Monday in Beijing.
El presidente electo está implementando un gran paquete de gastos destinado a ayudar a combatir el virus y aliviar el costo económico que ha tenido.
Officials pushed factories to reopen the same way they forced the country to shut down. In one small town, it led to a chili-sauce-fueled revival.
The president-elect is rolling out a large spending package aimed at helping battle the virus and alleviate the economic toll it has taken.
Weekly filings for jobless benefits hit the highest level since July as the pandemic’s resurgence batters the service industry.
Some staff in hospitals and long-term care facilities don’t want to take the Covid-19 vaccine. Their employers are trying to change their minds.
OnlyFans, a social media platform that allows people to sell explicit photos of themselves, has boomed during the pandemic. But competition on the site means many won’t earn much.
Los republicanos cínicos han mimado a los locos durante mucho tiempo.
Tough sacrifices may still be required, but many see a post-pandemic resurgence in the year ahead.
President-elect Joseph R. Biden Jr. pledged economic action to accelerate Covid-19 vaccine distribution and provide relief for struggling Americans, small businesses and state and local governments.
With job losses, record coronavirus numbers and politics in turmoil after the storming of the Capitol, the president-elect pressed for quick passage of a stimulus package to help struggling Americans.
U.S. employment fell by 140,000 in December as virus cases surged. Leisure and hospitality businesses were hit hard, but some industries showed growth.
Among the reasons for optimism: the prospect of widespread vaccination, and a Congress more open to stimulus spending.
Many young Italians who left for opportunities abroad are now working remotely from Italy. The government has welcomed them, but experts say the economic benefits will be fleeting.
Employers remain cautious about hiring, one economist says, “but the resurgence of the virus is really the main culprit.”
Covering economic stimulus talks is no easy assignment. For starters, it doesn’t seem to end. Here’s how the congressional reporter Emily Cochrane approached the task.
Oil-rich Iraq, its economy hobbled by neglect and corruption, has devalued its currency and had its imported electricity cut off for nonpayment.
Students and recent graduates struggle to get hired as the oil industry cuts tens of thousands of jobs, some of which may never come back.
It wasn’t just the Fed or the stimulus. The rise in savings among white-collar workers created a tide lifting nearly all financial assets.
The weekly report, which will be published Thursday morning, might show a drop in claims because of the Christmas holiday.
China has spent heavily to help its poorest citizens, an approach that few developing countries can afford and even Beijing may struggle to sustain.
While lawmakers debate increasing the stimulus payments to $2,000, experts say it would make far more sense to give more money to the unemployed.
A group of worker-owned businesses may present an alternative model to economies dominated by the interests of shareholders.
The industry employs millions of people, and the upheaval it experienced played out in the lives of many Americans.
Employers are struggling to deal with the unused days that have piled up during the pandemic.
Urban and rural fortunes diverge in the state, with the pandemic compounding troubles that predated it.
Even as shared public spaces emptied out, the gap between the economically privileged and the precarious became impossible to ignore.
Jerome H. Powell’s central bank slashed rates, bought bonds in huge sums and rolled out never-before-tried loan programs that shifted its identity. The backlash is already beginning.
The aid package will keep millions from losing jobless benefits. But it comes too late to prevent lasting damage to many families and businesses.
The recommendation was a compromise aimed at getting the coronavirus vaccine to the most vulnerable of two high-risk groups.
Top Glove, the world’s largest rubber glove maker, has enjoyed record profits in the pandemic, even as thousands of its low-paid workers in Malaysia suffer from a large outbreak of Covid-19.
The federal Equal Employment Opportunity Commission said employees could be barred from the workplace if they refused the vaccine.
“It’s going to be a challenging few months,” one economist says. A new pandemic relief bill from Congress could soften the blow.
Central bank officials left rates near-zero at their December meeting, and tied bond buying to their employment and price goals.
More than a dozen couriers have died this year. Some died after complaining of unbearable workloads that kept them on the clock from dawn until past midnight.
The recent coronavirus surge is taking a toll on jobs that one economist calls “a slow-moving disaster.”
A sous-chef’s search for job security shows how cooks, managers and servers at fine dining establishments have been hit hard by the pandemic.
The region depends on its porous crossings for economic activity. But countries have been quick to point fingers when the coronavirus has spread along shared frontiers.
Pese a que están en Tailandia desde hace décadas, las mujeres kayan que huyeron de Birmania se ganan la vida con sus tradicionales anillos para el cuello. Pero eso está cambiando.
The C.D.C. will soon decide which group to recommend next, and the debate over the trade-offs is growing heated. Ultimately, states will decide whom to include.
Even after decades in Thailand, Kayan women who fled Myanmar make their living from their traditional neck rings. But that’s changing.
While a compromise package gaining steam in Congress would provide urgent help to the economy, some people and businesses would be left out in the cold.
November’s hiring of 245,000, the fifth straight monthly easing in new employment, reinforces calls for action on a fresh relief package.
The November numbers offer clues that what was once temporary unemployment is becoming more permanent.
As a standoff over federal aid persists, state and local governments are making deep budget cuts. “Everything’s going to slow down,” one official said.
The decline was the first in three weeks, despite a resurgence of Covid-19 cases. Economists warn of more job losses ahead.
Laboratory technologists have been working nonstop to help the nation diagnose an ever-growing number of coronavirus cases.
Just 1 percent of borrowers received more than a quarter of the money given out in the form of forgivable loans.