U.S. retail sales fell 16.4 percent from March to April, as many cities and states enacted stay-at-home orders to stem the spread of COVID-19 in the country. The 16 percent drop seen in April nearly doubles the sales slowdown seen …
Read More »Tag Archives: Unemployment
U.S. Unemployment Rate Hits 14.7%
The U.S. economy lost 20.5 million jobs in April, as many businesses either curtailed service or closed their doors indefinitely amid COVID-19. The decline in jobs is the largest since the government began recording employment data in 1939, reports CNN. …
Read More »U.S. Unemployment Grows by 30M in 6 Weeks
More than 3.5 million people filed for unemployment insurance the week ending April 25, according to new data from the U.S. Department of Labor. Since the middle of March, more than 30.3 million Americans, roughly 18 percent of the U.S. …
Read More »6.6M People File Unemployment Claims
More than 6.6 million people have filed unemployment claims in the week ending March 28, according to new data from the U.S. Department of Labor. This figure is in addition to 3.3 million people who filed unemployment claims in the …
Read More »COVID-19 Employment Law Resources for Home Improvement Stores
The COVID-19 pandemic has forced independent home improvement retailers to evaluate their businesses from every angle. To assist home improvement operators answer questions about employment law, Hardware Retailing has compiled legal resources from the U.S. government and legal firm Taft. …
Read More »What the $2T CARES Act Means for Your Small Business
Amid economic upset resulting from the COVID-19 pandemic, the U.S. has passed a $2 trillion economic stimulus package meant to bring relief to individuals and businesses, The New York Times reports. The $2 trillion aid package was signed into law …
Read More »Unemployment Claims Rise to 3.3M in Wake of COVID-19
Jobless claims in the U.S. rose to 3.3 million for the week ending March 21, CNN reports. This figure represents the highest number of initial jobless claims in history since the Department of Labor started recording the number in 1967. …
Read More »COVID-19 Economic Stimulus Package Nears Passage
Amid economic instability caused by the COVID-19 pandemic, the U.S. Congress is poised to vote on a $2 trillion stimulus package. According to The New York Times, the bill provides $150 billion to assist state and local governments in their …
Read More »