CNBC: Economy

So far, state reopenings have not helped stem the rise in unemployment, which is expected to show another big jump in the month of May.

House Democrats passed a bill last week to extend the enhanced $600 per week unemployment benefit through January.

States across the country began reopening parts of their economies as early as April 24. Guidelines for reopening differ widely but a key difference lies in which sector can open first and the speed

The economic fallout from the coronavirus hit the housing market hard in April.

The total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straight week of a declining pace following the record peak of 6.9 million in late

Frustrations are mounting on Main Street due to a lack of guidance from the Small Business Administration on PPP loan forgiveness, a new survey shows.

The meeting, which ended April 29, concluded with the central bank's policymaking arm holding steady on interest rates and pondering future measures ahead.

More help will be needed from the Federal Reserve and Congress to get the U.S. economy through its current slump, Dallas Fed President Robert Kaplan told CNBC.

As states reopen, the focus has turned to whether smaller companies can find enough business to survive, preventing a wave of failures.

If mortgage demand is an indicator, buyers are coming back to the housing market far faster than anticipated, despite coronavirus shutdowns and job losses.

The CBO also projects 26 million more unemployed Americans than there were at the end of 2019.

U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to the deepest economic contraction in the second quarter since the Great

Dimon detailed the steps his firm has taken to support customers and employees since the crisis began two months ago.

The unemployment rate is at its highest since the Great Depression. The current situation differs from that of the early 20th century in a few ways that may prevent the U.S. from entering another

"We are committed to using our full range of tools to support the economy in this challenging time," Powell said in remarks he will deliver to the Senate.

After the sharpest one-month drop in the history of the index in April, homebuilder sentiment bounced back slightly in May as builders saw a quick rebound in interest from buyers.

Former Trump advisor Gary Cohn said that a potential vaccine shouldn't stop the government from providing aid to parts of the country that have been hobbled by the economic shutdown.

White House senior advisor Kevin Hassett told CNBC on Monday he disagrees with Fed Chairman Jerome Powell on the time-frame for an economic recovery.

The U.S. may have experienced the worst of its coronavirus-related job losses in mid-April, and hiring could be on the verge of starting to recover, according to data gathered by LinkedIn and provided

The central bank chief conceded that jobless numbers will look a lot like they did during the 1930s.