Economy

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.

Ubiquitous and necessary, the corner store or bodega is a staple of modern urban life. Now these small businesses face unprecedented headwinds.

How can you, a small business owner, stay afloat during the coronavirus crisis? Here’s some advice from financial experts and some fellow business owners.

Nationally, roughly half of American workers stand to earn more in unemployment benefits than they did at their jobs before the coronavirus pandemic.

Gov. Tom Wolf is under pressure to get people back to work, while trying to bring the pandemic under control. And the issue has gotten political.

If the Pennsylvania legislature issues a subpoena to Wolf for the records, the process could lead to a court fight, which could take months to resolve.

Dependence on one industry, powdered metal, is part of the reason why this part of Pennsylvania has seen such a large drop in employment.

Many businesses are offering relief on bills to those affected by the COVID-19 pandemic and its economic fallout.

The fare-restructuring proposal was discussed at a SEPTA board meeting held the same day as the burial of the agency’s fourth coronavirus victim.

About one in six American workers have now lost their jobs since mid-March, by far the worst string of layoffs on record.

The ongoing pandemic means the world is using far less oil. But pumps are still going, creating a huge oversupply. Companies are often willing to operate at a loss — for now.

Advocates say requirements with enforcement and penalties, not recommendations without teeth, are needed to keep these workers safe.