A man wearing a face mask walks past a "Now Hiring" sign in front of a store amid the coronavirus pandemic in Arlington, Virginia, U.S., May 14, 2020. (AFP Photo)
United States

US jobless claims drop to 787,000, but layoffs remain high

A "sold" sign sits on a lot as new home construction continues in Westfield, Ind., Friday, Sept. 25, 2020. U.S. home construction rose a solid 1.9% in September after having fallen in August as home building remains one of the bright spots for the economy. (AP Photo/Michael Conroy)
Construction

US home construction up 1.9% in September to 1.4 million

FILE - In this July 13, 2020 file photo, a For Rent sign hangs on a closed shop during the coronavirus pandemic in Miami Beach, Fla. Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year. (AP Photo/Lynne Sladky)
Money

US retail sales grow for 5th month in a row

JPMorgan Chase & Co. building on Park Avenue in New York City. MICHAEL BROCHSTEIN—SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES
Companies

JPMorgan, Citi profits improve amid signs of recovery

South Portico Of The White House Washington DC. | OlegAlbinsky/Getty Images/iStockphoto
United States

COVID-19 relief pushes U.S. budget deficit to a record $3.1T

A woman walks past a personal finance loan office Thursday, Oct. 1, 2020, in Franklin, Tenn. U.S. consumers cut back on their borrowing in August, with credit card use dropping for a sixth straight month, reflecting caution in the midst of the pandemic-triggered recession. (AP Photo/Mark Humphrey)
Money

US consumer borrowing fell by $7.2 billion in August

Pedestrians pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York. Stocks are rising on Wall Street Friday as talks appear to be continuing in the start-and-stop drive on Capitol Hill to deliver more aid to the ailing economy. (AP Photo/John Minchillo)
Stock Market

Stocks climb, closing out biggest weekly gain in 3 months

Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Thursday Sept. 24, 2020 on Capitol Hill in Washington about the CARES Act and the economic effects of the coronavirus pandemic. (Drew Angerer/Pool via AP)
United States

Fed officials cited risks if Congress fails to pass more aid

Reuters/Jason Reed
United States

Bleak outlook without stimulus: More layoffs, anemic growth

FILE - In this June 11, 2020, file photo, information signs are displayed at the closed Illinois Department of Employment Security WorkNet center in Arlington Heights, Ill. U.S. employers advertised for slightly fewer jobs in August while their hiring ticked up modestly. The Labor Department said Tuesday, Oct. 6, 2020, that the number of U.S. job postings on the last day of August dipped to 6.49 million, down from 6.70 million July. (AP Photo/Nam Y. Huh, File)
United States

US job postings edge lower, to 6.49 million

Owner Samantha DiStefano, left, prepares to hand menus to patrons and neighborhood regulars, Tuesday, Sept. 29, 2020, at her Brooklyn restaurant and bar in New York. | Photo: Associated Press
Money

U.S. Services sector grows for the 4th consecutive month

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