The U.S. lost a stunning 22 million jobs in March and April at the beginning of the coronavirus pandemic, with only about half of those numbers returning in the following seven months. With weekly jobless claims remaining high, voters might want to know more about what former Vice President Joe Biden and President Donald Trump intend to do on the issue of labor.
Biden has pledged to do whatever it takes to help jobs recover through direct stimulus payments. His plan includes funding for state and local governments to keep essential workers on their payrolls and federal payouts to supplement state unemployment checks.
Meanwhile, Trump favors tax cuts and deregulation to stimulate the economy but concedes that another infusion of cash stimulus is likely needed. The president also extended federal unemployment benefits for six weeks after they were set to expire in July but at a lower rate of $300 a week, half the amount of the earlier benefit.
Both candidates support tax incentives for manufacturers to keep jobs at home. Biden even proposes tax penalties for those businesses that ship manufacturing jobs overseas with the intention of selling finished products back into the U.S.
Whoever wins the election in November faces a daunting task, with millions still out of work, consumer spending slowing down, and a resurgence in coronavirus cases adding to the economic woes.
Read More on Trump and Biden's Plans:
Trump vs. Biden on Raising the Federal Minimum Wage
Biden vs. Trump on Student Loans and Higher Education
Dr. Beth Cameron, who is currently vice president of global biology programs at the Nuclear Threat Initiative, was previously a senior director in the White House pandemic office under the National Security Council.
The White House is requiring everyone who enters the West Wing to wear a mask or face covering.
Tesla CEO Elon Musk confirmed on Twitter Monday that the company has restarted its California factory in violation of local government orders.
The Navajo reservation spans three western U.S. states and has some of the highest rates of coronavirus in the country. With roughly 175,000 people living there, the tribe has seen 3,122 cases. At least 100 people have died.
Stocks are dipping in early trading on Wall Street Monday and giving back some of the strong gains made last week.
Coronavirus has forced New York City teachers to fundamentally change how they educate students. Now they're fighting for their own vision of how and when schools should reopen.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Businesses from coast-to-coast were forced to closed their doors when the coronavirus outbreak arrived in the U.S. Practically overnight, 33 million Americans (so far) suddenly lost their livelihoods. Cheddar is speaking to some of these workers who have found themselves unexpectedly unemployed in today's turbulent environment.
Unprecedented pressure from the coronavirus pandemic has forced the closure of roughly 35 percent of food pantries in New York City, just as the number of residents facing food insecurity has surged by about 800,000 to two million.
To restaurants and bars struggling to stay open for food delivery and pick-up, the ability to add high-margin cocktails and mixed drinks to the check has provided a crucial revenue stream.
