The American economic recovery came perilously close to falling off a cliff at the end of last year. But government aid arrived just in time to prevent a disaster — […]
Federal Aid (US)
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Back to news homeShould the Feds Guarantee You a Job?
What should the president do about jobs?For 30 years, Democratic administrations have approached the question by focusing on the overall economy and trusting that a vibrant labor market would follow. […]
Pandemic’s Toll on Housing: Falling Behind, Doubling Up
As the pandemic enters its second year, millions of renters are struggling with a loss of income and with the insecurity of not knowing how long they will have a […]
January 2021 Jobs Report: Outlook for Economic Recovery Dims
The American economic recovery showed new signs of stalling on Friday as government data underscored the pandemic’s brutal damage to the job market.U.S. employers added 49,000 jobs in January, the […]
PPP Aid to Small Businesses: How Much Did $500 Billion Help?
Anecdotes like Mr. Geismann’s, however, aren’t straightforward to interpret. Perhaps Schuchart and companies like it would have found another way to make ends meet, or would have rehired workers quickly […]
Continuing Job Losses Put Spotlight on Economic Relief
Mr. Biden has proposed a $1.9 trillion stimulus package that would include $1,400 in direct payments to individuals, expanded unemployment benefits and money for hard-pressed states and cities.In written testimony […]
Unemployment Claims Rise Sharply, Showing New Economic Pain
Ten months after the coronavirus crisis decimated the labor market, the resurgent pandemic keeps sending shock waves through the American economy.Though more than half of the 22 million jobs lost […]
PPP Loans Q&A: Who Qualifies for a Second Round?
The Paycheck Protection Program is back.Between April and August, the program distributed $523 billion in forgivable government-backed loans to 5.2 million small businesses to help them keep paying their workers […]
‘It Was a Joke’: Some Small Businesses Got $1 Relief Loans
Unprofitable and Out of LuckSole proprietorships are the most common business structure in America, accounting for around 26 million businesses, according to the latest I.R.S. data. Many are sidelines — […]
When Can I Apply for a P.P.P. Loan?
She did not directly mention the Paycheck Protection Program — the largest lending program by far in the agency’s nearly 70-year history — but she acknowledged the turmoil many companies […]