FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve says it will keep buying bonds, Wednesday, June 10, to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)
June 16, 2020 - 11:39 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell warned Tuesday that the U.S. economy faces a deep downturn with “significant uncertainty” about the timing and strength of a recovery. He cautioned that the longer the recession lasts, the worse the damage that would be inflicted on the job...
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Unemployment insurance form and clipboard on a desk.
designer491/Getty Images
Mitch Kelly
June 12, 2020 - 9:17 am
Finalized data from the Nevada Department of Employment, Training and Rehabilitation (DETR) show initial claims for unemployment insurance totaled 10,748 for the week ending June 6, down 589 claims, or 5.2 percent compared to last week’s total of 11,337.
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Harlequins Rugby player Rob Buchanan works out during a gym session at 24 Hour Fitness on August 5, 2016 in San Francisco, California
Lachlan Cunningham/Getty Images For Harlequins
Mitch Kelly
June 12, 2020 - 7:40 am
The 24-Hour Fitness chain announced Thursday that many of its locations would not be reopening following the extended closure imposed in an effort to slow the spread of the coronavirus.
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© Larry Gevert |
Associated Press
June 12, 2020 - 5:06 am
Members of the Legislature’s Interim Finance Committee were expected to convene Friday morning to consider Gov. Steve Sisolak’s proposal to cut $116 million in immediate spending from the state budget amid the coronavirus pandemic and subsequent economic fallout.
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June 11, 2020 - 1:05 am
LONDON (AP) — Centrica, which owns British Gas, is cutting 5,000 jobs as it restructures. The company says in a statement Thursday that it needed to simplify and modernize the business. Group Chief Executive Chris O’Shea says the harsh reality is that the firm has “lost half its earnings in recent...
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Dubai International Airport's Terminal 3, typically buzzing with passengers, stands largely empty in Dubai, United Arab Emirates, Wednesday, June 10, 2020. The coronavirus pandemic has hit global aviation hard, particularly at Dubai International Airport, the world's busiest for international travel, due to restrictions on global movement over the virus. (AP Photo/Jon Gambrell)
June 10, 2020 - 1:44 am
DUBAI, United Arab Emirates (AP) — Perhaps nowhere is the world's lack of flights due to the coronavirus pandemic more clearly felt than at Dubai International Airport, for years the world's busiest for international travel. Its Terminal 3, which sees tens of millions pass through it each year,...
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FILE - In this May 21, 2020 file photo, a man looks at signs of a closed store due to COVID-19 in Niles, Ill. U.S. layoffs surged in April revealing the deep economic hole that comes with shuttered offices, restaurants, stores and schools. (AP Photo/Nam Y. Huh, File)
Associated Press
June 09, 2020 - 2:20 pm
BALTIMORE (AP) — U.S. employers laid off 7.7 million workers in April — a sign of just how deep the economic hole is after the closure of thousands of offices, restaurants, stores and schools during the pandemic. The Labor Department also said in a Tuesday report that job openings plummeted and...
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FILE - This Jan. 16, 2020 file photo shows a Uniper energy company coal-fired power plant and a BP refinery beside a wind generator in Gelsenkirchen, Germany. The world hit another new record high for heat-trapping carbon dioxide in the atmosphere, despite reduced emissions because of the coronavirus pandemic, scientists announced Thursday, June 4, 2020. (AP Photo/Martin Meissner)
June 08, 2020 - 5:54 am
LONDON (AP) — Energy producer BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the oil and gas industry. Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP's global workforce of 70,000 people and come...
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FILE - In this Thursday, March 19, 2020, file photo, a public school employee sanitizes a sink in a bathroom at a U.S. high school. Jobs with state and city governments are usually a source of stability in the U.S. economy, but the financial devastation wrought by the coronavirus pandemic has forced cuts that will reduce public services, from schools to trash pickup. (AP Photo/Charlie Neibergall, File)
June 06, 2020 - 8:19 am
Jobs with state and city governments are usually a source of stability in the U.S. economy, but the financial devastation wrought by the coronavirus pandemic has forced cuts that will reduce public services — from schools to trash pickup. Even as the U.S. added some jobs in May, the number of...
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A Bombardier plant is seen in Montreal on Friday, June 5, 2020. Bombardier Aviation is reducing its workforce by about 2,500 employees due to challenges caused by COVID-19. The company said Friday that it had to make the move because business jet deliveries, industry-wide, are forecast to be down approximately 30% year-over-year due to the pandemic. (Paul Chiasson/The Canadian Press via AP)
June 05, 2020 - 4:42 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ JOB CONCERNS: — Mall operator CBL & Associates...
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