Stocks fell Friday following the latest grim reading of the coronavirus outbreak’s economic toll

With coronavirus deaths surging in New York, the governor announced Friday he will use his authority to seize ventilators and protective gear from private hospitals and companies that aren’t using them, complaining that states are competing against each other for vital equipment in eBay-like bidding wars. “If they want to sue me for borrowing their excess ventilators to save...

The coronavirus pandemic is quickly forcing businesses to close across Massachusetts and the nation, sending a shocking number of workers into the unemployment line as they face an uncertain future.  This week’s first-time unemployment claims totaled 6.6 million in the United States, doubling last week’s historic high of 3.3 million. In Massachusetts, the number of claims rose sharply as well,…

We hear from a few of the millions of newly unemployed people in the U.S. worried about how they’ll make ends meet, as well as Rep. Joe Kennedy, who believes the worst is yet to come, but the country will emerge from the crisis stronger.

6.6 million people applied for unemployment benefits last week shattering the previous record of 3.3 million from the week before.

The biggest U.S. mall owner, Simon Property Group, has furloughed about 30% of its workforce, CNBC has learned, as the company copes with all of its properties being temporarily shut because of the coronavirus pandemic. The furloughs impact full- and part-time workers, at its Indianapolis headquarters and at its malls and outlet centers across the U.S., a person familiar with the situation...

If you find yourself out of a job due the coronavirus crisis, money may be tight, but it’s especially important now to try to make sure you have health insurance. There are different rules that apply when it comes to maintaining health coverage, depending on whether you’re furloughed — let go temporarily — or you’re terminated through a layoff....

Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal Reserve estimate. Economists at the Fed’s St. Louis district project total employment reductions of 47 million, which would translate to a 32.1% unemployment rate, according to a recent analysis of how bad things…

Unemployment numbers are surging, but there are job opportunities out there, with some seeing an increased demand during the coronavirus pandemic.

Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus. The surge in weekly applications was a stunning reflection of the damage the viral outbreak is inflicting on the economy. Filings for unemployment aid generally reflect the pace of layoffs….

More than 3 million Americans applied for unemployment benefits last week — over four times the previous record set in 1982 — amid the widespread economic shutdown caused by the coronavirus. That included the six New England states, all of which have enacted strict restrictions of their own because of the outbreak, including school and business closures. Below is a…

Nearly 3.3. million Americans filed jobless claims last week, a dire snapshot of just how quickly the coronavirus pandemic has devastated the nation’s businesses and workers.

New unemployment benefit claims are rising to levels unseen in recent U.S. history as a result of coronavirus concerns

When the damage the coronavirus inflicts on the U.S. jobs market becomes clearer, it could be unlike anything the country has ever seen. Judging by numerous forecasts from economists, the avalanche of furloughs will easily break the record for most in a single month. Upcoming weekly jobless claims will shatter the standards set even during the worst points of...

Applications for jobless benefits are surging in some states as coronavirus concerns shake the U.S. economy

The U.S. Department of Labor says jobless claims spiked to 281,000 last week after companies began layoffs to deal with issues stemming from the coronavirus pandemic.

The Bureau of Labor Statistics announced employers added 225,000 jobs in January, beating out expectations and providing timely evidence of the U.S. economy’s enduring health. The unemployment rate ticked up 3.6%. Hiring jumped at the beginning of the year as U.S. employers added 225,000 jobs, bolstering an economy that faces threats from China’s viral outbreak, an ongoing trade war...

Hiring jumped last month to its highest level since January as U.S. employers shrugged off global trade tensions and added 266,000 jobs. The Labor Department says the unemployment rate declined to 3.5% from 3.6% in October, matching a half-century low.

The monthly unemployment rate in Massachusetts has dropped below 3% for the first time in more than 18 years. The state office of Labor and Workforce Development reported Friday that the jobless rate fell one-tenth of a percentage point in April to stand at 2.9%. The U.S. rate stood at 3.6% last month.

New Hampshire officials say the state’s unemployment rate for January was 2.4 percent, a decrease from 2.7 percent a year earlier. Officials said Tuesday that the January rate remained unchanged from the previous month.