WASHINGTON (AP) – Just over 1 million Americans applied for unemployment benefits last week, a sign that the outbreak of the coronavirus continues to threaten jobs, as well as the housing market, car sales and other segments of the economy recover from a spring collapse . The Labor Department reported …
Read More »As the virus rages, the U.S. economy struggles to recover
WASHINGTON (AP) – Housing sales are booming. Shares set record highs. Industrial production is climbing out of the ditch into which it fell earlier this year. And yet, the U.S. economy is nowhere near recovering from the health it achieved, with low unemployment, consumers spending free and thriving travel, before …
Read More »US economy plunged 31.7% year-on-year in second quarter
BALTIMORE (AP) – The U.S. economy shrank in April-June with an alarming annual rate of 31.7% as it struggled under the weight of the viral pandemic, the government estimated Thursday. It was the sharpest four-year drop on record. The Department of Commerce downgraded its previous estimate of U.S. gross domestic …
Read More »Does a face mask protect me, or just the people around me?
Does a face mask protect me, or just the people around me? It probably provides protection for both. Studies on the new coronavirus and other germs show that wearing a mask helps stop infected people from spreading disease to others. Evidence also suggests that masks may offer some protection to …
Read More »Experts flag risks in India’s use of rapid tests for virus
NEW DELHI, India (AP) – In June, India began using cheaper, faster, but less accurate tests to scale up tests for the coronavirus – a strategy the United States is now considering. These rapid tests have improved India’s test levels almost five times in two months. But government figures suggest …
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