Money

If most layoffs become permanent, the severe recession the economy has slid into would likely last longer and the recovery would be slower.

A trio of Democrats wants to give $2,000 per month to individuals through the end of the health emergency. One Republican proposes covering payroll for companies who rehire.

Officials announced Friday that a child had died of COVID-19, the first New Jersey resident younger than 18 to succumb to the virus.

Nearly all the job growth achieved during the 11-year recovery from the Great Recession has now been lost in one month.

Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors.

Airbnb CEO Brian Chesky described the global pandemic as the "most harrowing crisis of our lifetime" and said the coronavirus has cut the company's anticipated revenue.

A settlement resolved the plant developer’s objection to Hilco Redevelopment Partners’ purchase of the property. Two sides will negotiate further, he says.

The assistance didn’t prioritize businesses in the hardest hit parts of the state and relied on a patchwork of local economic development organizations.

As the coronavirus pandemic continues to disrupt the economy, government officials and business leaders consider how to reopen economic activity while keeping citizens safe.

Up to 120,000 U.S. jobs in solar and 35,000 in wind could be lost, trade groups say.

Lindsey Scannapieco, “landlady” to 175 creative tenants at the Bok Building, argues that some real estate owners, like their tenants, need government aid.

Dramatic budget cuts or tax increases might be needed if Congress does not send additional, unrestricted aid to states.

“Previously we were recommending testing health care workers and seniors with symptoms. We have liberalized that now to anyone with symptoms,” said Health Secretary Levine.

Economists have forecast that the unemployment rate for April could go as high as 20%. That would be the highest rate since it reached 25% during the Great Depression.

The city’s small business relief funds have touched virtually every neighborhood in the city –– but certain areas saw more benefits than others.