Thursday, April 30, 2020

The Daily Money: Record 30M filed for unemployment in 6 weeks

Today's top stories from USA TODAY Money. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Thursday, April 30

It's the last day of April, Daily Money readers. Brett Molina is here with the latest Money and Tech headlines for Thursday.

More grim news about the economy: A record 30 million Americans have filed unemployment claims in the last six weeks. Morgan Stanley projects the unemployment rate in May could hit 16.4%. 

Meanwhile, Americans filing for unemployment claims have found long waits on state websites. And the federal relief act relaxing rules on who can apply for unemployment has made the process even more complicated.

Finally, Costco is planning to operate at normal business hours. But there's one important catch: you must wear a mask.

Need more headlines? Scroll away.

Brett Molina, Money/Tech editor

After seeing the tally of weekly jobless claims and a stronger than expected private sector payrolls gain for August from ADP, the stage was set for a stronger than expected gain in nonfarm payrolls on Friday.
Record 30M filed for unemployment in 6 weeks
A record-breaking number of Americans filed for unemployment over six weeks as the coronavirus pandemic continued to cripple the economy.
No. 88,000 in line: This is unemployment in the US
Unemployment claims are soaring as the coronavirus
Macy's to reopen some stores next week
Macy's flagship store at Herald Square in New York
Costco to return to normal, with a requirement
Outside of Costco location showing logo on side of
Verizon expands small business fund up to $7.5M
A 3D rendering of Verizon's logo placed in a park.
Zuck vs. Musk: Open US now or wait?
11. Facebook     • Industry:  Tech
Coronavirus' Impact on Retirement Money in the Market
Binder with the words retirement savings plan on w
Workers to protest Amazon, Instacart on Friday
Anti-Amazon protesters in Long Island City, Queens
Fed holds rates near zero, vows more action amid...
Federal Reserve
Amazon is added to 'notorious markets' list
An Amazon box
 
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