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3.3 Million File For Unemployment Claims, Shattering Records
By: Jim Zarroli | Avie Schneider | NPR
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A record number of Americans filed for unemployment benefits for the first time last week as the coronavirus hammered the economy. It’s nearly five times the levels seen during the Great Recession.
State Jobless Filings Will be Released Weekly, Not Daily, as Feds Demand
By: Karen Kasler | Statehouse News Bureau
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The numbers of Ohioans filing for unemployment benefits are rising daily – so many that the state’s unemployment website was having trouble handling them. And the state is now clarifying why it will no longer do daily releases about how many people are filing jobless claims. For the first few days of shutdowns related to… Read More
Federal Reserve Unveils ‘Extensive New Measures’ To Bolster U.S. Economy
By: Bill Chappell | NPR
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Seven U.S. states are now reporting 1,000 or more cases of COVID-19, and experts believe the number of infected people will rise further as testing becomes more available
Anxiety In Appalachian Coal Country: First The Mines Closed, Then Came Coronavirus
By: Sydney Boles | Ohio Valley ReSource
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As the economic fallout from the coronavirus continues to reshape our lives, small-town business owners are worried about the future. Whitesburg, Kentucky — a town already struggling from the decline in the coal industry — is grappling with a new and serious challenge as the effort to contain the disease brings deep economic pain. The… Read More
In Weighing Business Closures, DeWine Says He’s Prioritizing Safety Over Economy
By: Andy Chow | Statehouse News Bureau
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Ohio has seen its first confirmed death caused by COVID-19. Now Gov. Mike DeWine is ordering senior centers to close as he evaluates the potential shutdown of other businesses. Throughout the course of several days DeWine closed many businesses to delay the spread of coronavirus – places with large gatherings like movie theaters and places… Read More
DeWine Tells Companies to Monitor Employee Temperatures
By: Andy Chow | Statehouse News Bureau
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Gov. Mike DeWine is laying out protocols for businesses while strongly recommending employers to take aggressive action when it comes to protecting the workplace against coronavirus. DeWine says businesses that remain open must take the temperature of every employee who enters the office, and if anyone is sick or has a fever they must be allowed to go… Read More
Fed Cuts Rates To Near Zero As Coronavirus Rips Through Economy
By: Avie Schneider | NPR
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The Federal Reserve cut its key interest rate to near zero — a dramatic move not seen since the depths of the 2008 financial crisis. President Trump — who has slammed the Fed — praised the move.
Dow Dives 1,900 Points, NYSE Halts Trading As Stock Indexes Plummet
By: Avie Schneider | NPR
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New York Stock Exchange trading was halted temporarily after indexes plunged 7% in reaction to Saudi Arabia’s oil price cut amid increasing fears over the coronavirus epidemic’s economic impact.
WATCH: How the IMF is Trying to Reduce the Economic Fallout of Novel Coronavirus
By: PBS Newshour
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Restrictions intended to control the global outbreak of novel coronavirus continue to increase. In many countries, schools are closed, travelers face quarantine and business has ground to a halt. PBS NewsHour’s William Brangham reports and Judy Woodruff talks to Kristalina Georgieva, managing director of the International Monetary Fund, about how it is attempting to offset… Read More
Fed Cuts Interest Rates In Emergency Response To Coronavirus
By: Jim Zarroli | Scott Horsley | NPR
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The Federal Reserve’s move was unusual, coming between regularly scheduled policy meetings. Officials also left open the possibility of further cuts if the economic damage gets worse.
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