
Money
Amazon to open new fulfillment center on site of former GM plant near Wilmington
A former General Motors assembly plant will be home to Delaware’s newest Amazon warehouse. The company said it plans to hire 1,000 workers.
5 years ago
Uber cuts 3,000 more jobs as pandemic squeezes ride-hailing
The company is slimming down to focus on rides and food delivery while cutting $1 billion in costs this year.
5 years ago
Casino workers struggle as Atlantic City sees last year’s gains fade away
While casinos and local unions formulate guidelines for reopening, city government fights off a referendum and out-of-work residents line up for food.
5 years ago
Child care centers in Pa.: bellwether for how tricky it will be to fully reopen economy
As idled businesses begin to restart across the state, child care providers in ‘yellow’ counties say they are reopening slowly, if at all.
5 years ago
Listen 4:25US retail sales plunged a record 16% in April as virus hit
Other than online, not a single retail category was spared in April. Auto dealers suffered a monthly drop of 13%.
5 years ago
Unemployment’s unintended consequences
As Congress debates whether to extend benefits, here's a deeper look at why the unemployment system isn't working for many of the nearly 2 million Pa. residents out of work.
Air Date: May 14, 2020
Listen 18:21Atlantic City casinos shatter revenue-drop record — again
April was the cruelest month ever in Atlantic City as casinos saw their revenue fall by nearly 69% during a coronavirus-mandated shutdown.
5 years ago
36 million have sought US unemployment aid since virus hit
Roughly 36 million people have now filed for jobless aid in the two months since the coronavirus first forced millions of businesses to close their doors.
5 years ago
Why the prospect of deflation could pose a threat to US economy
The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop.
5 years ago
Philly-area businesses say federal ‘Payroll Protection’ loans put them ‘at risk’
Small business owners hoped federal stimulus loans would provide a critical lifeline. But many say the funds won’t cover their most urgent costs.
5 years ago
Listen 1:31A distinct possibility: ‘Temporary’ layoffs may be permanent
If most layoffs become permanent, the severe recession the economy has slid into would likely last longer and the recovery would be slower.
5 years ago
Lawmakers want to get Americans more relief money. Here’s what they propose
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.
5 years ago
Coronavirus update: N.J. announces first child to die of COVID-19
Officials announced Friday that a child had died of COVID-19, the first New Jersey resident younger than 18 to succumb to the virus.
5 years ago
Jobless rate spikes to 14.7%, highest since Great Depression
Nearly all the job growth achieved during the 11-year recovery from the Great Recession has now been lost in one month.
5 years ago
33 million have sought US unemployment aid since virus hit
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.
5 years ago