Economy

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

Philly area businesses, usually busy for the holiday celebrating moms, expect 2020 to be a wash, despite expectations Americans will spend more this year.

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.

Cape May County has submitted what officials say is a "safe, thoughtful and progressive" reopening plan to Gov. Phil Murphy. 

The Wednesday report from payroll company ADP showed the tragic depth and scale of job losses that left no part of the world's largest economy unscathed.

Princeton economists Angus Deaton and Anne Case discuss their book, "Deaths of Despair and the Future of Capitalism" about income inequality and increased morbidity.

Gov. Phil Murphy, who has said municipalities are empowered to decide whether to open or close beaches, reiterated that beach towns cannot legally restrict access.

The owner of J.Crew is filing for Chapter 11 bankruptcy, two months after the first person in New York tested positive for COVID-19.

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

One woman wearing prison garb said she feels “like our freedom has been taken away.” She wants to go to church and the beach and not have to wear a mask.

The first step toward reopening still mandates the closure of schools, gyms, and other recreation centers, as well as hair and nail salons. Large gatherings are also banned.

An estimated 12,000 people work construction in Philadelphia. These workers returned to new rules and a changed economic landscape on Friday.

The School District of Philadelphia’s budget reflects just about every corner of the economy. And their projections show the widespread impact of COVID-19.

The coronavirus pandemic has wreaked havoc on the city’s budget. Kenney hopes to use tax increases to prevent major service reductions.

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.