Business News

U.S. Unemployment Spikes to a Depression Era Level of 14.7%

Published by Scott Stewart on Wed, 05/13/2020 - 12:00am

Washington – The U.S. unemployment rate hit 14.7% in April, a level last seen during the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record – stark evidence of how the coronavirus has brought the economy to its knees.

33 Million Have Sought Jobless Benefits Since Virus Struck

Published by Scott Stewart on Wed, 05/13/2020 - 12:00am

Washington – Nearly 3.2 million laid-off workers applied for unemployment benefits last month as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.

Nebraska Economy Contracts Sharply in COVID-19 Pandemic

Published by Scott Stewart on Tue, 05/12/2020 - 6:27am

Lincoln – The COVID-19 pandemic has upended the outlook for Nebraska’s economy.

The state’s economy has contracted sharply this spring, with a spike in unemployment and revenue losses for businesses.

ADP: More Than 20 Million Jobs Vanished in April

Published by Scott Stewart on Mon, 05/11/2020 - 9:06pm

Baltimore – U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse with coronavirus outbreak closing the offices, factories, schools, construction sites and stores that propel the U.S. economy.

Omaha Chamber Launches Guide for Job Seekers

Published by Scott Stewart on Mon, 05/11/2020 - 9:04pm

The Greater Omaha Chamber is stressing that the Omaha area is open for business and hiring.

To help area job seekers, the chamber of commerce has teamed up with The Startup Collaborative to develop an employment and community-resource tool, according to a news release.

Debate Flares Over Protections as Businesses Reopening

Published by Scott Stewart on Fri, 05/08/2020 - 5:00am

Salt Lake City – The effort to reopen the economy in the midst of the coronavirus pandemic has set off a conflict at the state and federal level that is escalating by the day over how much legal protection companies should get if their returning workers get sick.

How Some Companies Survive, Even Thrive, During Crisis

Published by Scott Stewart on Fri, 05/08/2020 - 4:00am

Washington – When the coronavirus struck the United States hard last month, 22-year-old entrepreneur David Zamarin knew his company needed a Plan B – fast. As the economy essentially shut down, demand for his stain-resistant coatings was sure to drop.

Buffett Remains Optimistic About Future Despite Coronavirus

Published by Scott Stewart on Thu, 05/07/2020 - 1:00am

Billionaire investor Warren Buffett doesn’t know how or when the economy will recover from the coronavirus outbreak shutdown, but he remains optimistic in the long-term future of the United States.

New Bankruptcy Filings Drop 1.1% Over Last Year

Published by Scott Stewart on Wed, 05/06/2020 - 9:26pm

Bankruptcy filings fell by 1.1% for the 12-month period ending March 31, 2020, compared with the year ending March 31, 2019.

According to statistics released by the Administrative Office of the U.S. Courts, the March 2020 annual bankruptcy filings totaled 764,282, compared with 772,646 cases in the previous year.

UP Lays Off Staff in Arkansas

Published by Scott Stewart on Tue, 05/05/2020 - 2:12pm

Little Rock, Ark. – Most of a staff at a Union Pacific Corp. facility in Little Rock that repairs the railroad’s locomotives has been furloughed after seeing a substantial drop in business volume because of the coronavirus pandemic, a company representative said.

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