U.K. gross domestic product fell by 10.4% from February to April
U.S. stocks plummeted on Thursday as another 1.54 million people filed for unemployment claims
Massive US layoffs continue even as businesses reopen
U.S. stocks fell on Thursday as another 1.54 million people filed for unemployment claims
Some 1.5 million Americans filed initial unemployment claims last week, bringing to 42 million the number who have done so since mid-March when the coronavirus forced the economy to shut down.
Spike in black unemployment 'heartbreaking': Fed's Powell
Hispanic unemployment has surged since February
OECD provided outlooks for two different scenarios, one included a second outbreak of virus
U.S. stocks opened on Wednesday as OECD warned of severe global recession.
Japan MPs pass record coronavirus budget
The unemployment rate is expected to reach 11.8% by mid-2021
The terrible impact of the COVID-19 pandemic wiped out nearly all of the gains women have made over the last decade: Nicole Mason, IWPR president and CEO.
The beginning of the recession effectively ended the 128-month expansion, the longest in history.
Italy is one of the countries hardest hit by the pandemic
Japan economy better than feared but still in recession
Virus crisis piles pressure on African media
Stock markets power ahead on surprise US jobs rise
U.S. stocks jumped on Friday as the unemployment rate dropped to 13.3%
The May unemployment rate dropped more than a point from April, prompting Trump to again predict a V-shaped recovery from the coronavirus pandemic.
U.S. stocks jumped on Friday as the unemployment rate dropped to 13.3%
The unemployment rate dropped more than a point from April's 14.7%, suprizing economists.
US likely suffered 'heartbreaking' unemployment in May