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
New York has reported its lowest number of daily COVID-19 deaths in weeks. The state on Friday reported 422 deaths as of the day before.
The coronavirus first seen in China is now ravaging the U.S., and Asian Americans are continuing to wrestle with a second epidemic: hate. Hundreds of attacks on Asian people have been reported, with few signs of decline.
Stocks are holding steady in early trading Friday as Wall Street nears the end of its tumultuous week.
Some businesses in Georgia are reopening as the state's governor eases a month-long shutdown despite fears that a new wave of coronavirus infections could result.
Past studies have not found good evidence that the warmer temperatures and higher humidity of spring and summer will help tamp down spread of the virus.
Congress has delivered a nearly $500 billion infusion of coronavirus spending, almost unanimously rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one in six U.S. jobs.
Outspoken New York Gov. Andrew Cuomo came for Senate Majority Leader Mitch McConnell in a press conference Thursday, accusing him of politicizing coronavirus relief efforts
The stock market ended another turbulent day more or less where it started after an early rally got washed away. The S&P 500 ended with a tiny loss Thursday, having given up an early gain of 1.6%.
New York Gov. Andrew Cuomo said Thursday that a state survey of about 3,000 people found that 13.9% had antibodies suggesting they had been exposed to the virus.
Hart Island is a mile-long patch of land in the Long Island Sound off the coast of the Bronx, which normally slips under the radar for most New Yorkers. In recent weeks, the unassuming island made headlines after drones captured aerial images of workers loading simple caskets three-deep into trenches wide enough to fit over 100 bodies.
