Paul Davidson
USA TODAY
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Recent articles by Paul:
4.8M jobs added and unemployment falls to 11.1% as more states reopen after COVID-19 shutdowns
The economy added 4.8M jobs in June as states allowed more businesses shuttered by the coronavirus to reopen. Economists had forecast 3M gains. → Read More
Bye $600 jobless benefit, eviction reprieve, cash for small firms. COVID-19 relief ending.
Relief measures from the CARES Act are set to end, including a $600 jobless benefit, eviction moratoriums, suspensions of utility disconnects. → Read More
Layoffs: About 1.3M more workers likely filed jobless claims even while states reopen economies
About 1.3M more people likely filed for unemployment last week, economists predict pushing the measure of total layoffs in the pandemic to 45.5M. → Read More
Stocks endure biggest drop since March on concerns about economic recovery, coronavirus spikes
Global stock markets tumbled Thursday after the Federal Reserve signaled a long path to recovery from the devastation of the coronavirus pandemic. → Read More
Unemployment: Nearly 2M more Americans likely filed jobless claims but COVID-19 layoffs are easing
Nearly 2M more jobless claims are forecast, pushing total to more than 42M. But as economy reopens, layoffs are easing and some are returning to work → Read More
Despite breakout jobs report, Fed likely to downgrade outlook, signal near-zero rates for years
Despite record 2.5 million job gains in May, Fed is likely to keep its key rate near zero amid COVID-19, signal it will likely stay there through 2022 → Read More
Layoffs: About 1.6M workers likely filed jobless claims even as more Americans return to work
1.6M workers likely filed initial jobless claims last week. But layoffs persist amid coronavirus even while workers are rehired as states reopen → Read More
Fed signals interest rates will likely stay near zero at least through 2022 amid COVID-19
Fed hold rates near zero, signals they'll stay there amid coronavirus crisis and renews vow to use "full range of tools" to support economy. → Read More
COVID-19 pandemic will hurt retirement nest eggs more than Great Recession, new survey shows
Seven in 10 say COVID-19 affects retirement plans, says TD Ameritrade survey provided exclusively to USA TODAY. Many tap nest eggs, cut contributions → Read More
Another 1.5M file for unemployment even as many Americans return to work during coronavirus pandemic
Another 1.5 million Americans filed first-time jobless claims as layoffs persist even as states reopen economies. → Read More
It's official: The US is in a recession, ending longest expansion in history
The U.S. has entered a recession, ending the longest expansion in US history, the National Bureau of Economic Research said Monday → Read More
'Signs of stabilization': Hiring picks up in these industries as coronavirus layoffs ease and states reopen
As COVID-19-related layoffs ease, hiring is picking up in some industries → Read More
Another 1.9 million workers seek jobless benefits as layoffs persist even as states reopen economies
1.9 million workers file for unemployment even as states begin letting businesses reopen after coronavirus-related shutdowns. Claims are a gauge of layoffs. → Read More
'Life-changing event' of COVID-19 could alter how we work, spend and retire
Americans face a post-COVID-19 future that could include fewer jobs at stores, frugal shoppers and a greater number of people postponing retirement. → Read More
Laid-off workers start side hustles, business ventures to survive amid COVID-19 pandemic
Americans laid off because of the coronavirus are scrambling for part-time jobs and new business ventures to make some extra money and survive. → Read More
There may be no Social Security cost-of-living increase next year, early estimate shows
Social Security beneficiaries may receive no cost-of-living increase next year because of unusually low inflation, a preliminary estimate shows. → Read More
Nearly 20% of U.S. adults lost jobs or saw hours cut by early April but most expected to return
Nearly 20% of U.S, adults were laid off, furloughed or saw hours cut by early April. But the vast majority of those who lost jobs expected to come back → Read More
Another 3 million Americans file jobless claims as layoffs continue to ravage economy
Another 3 million workers sought jobless claims last week as relentless string of layoffs continued. More than 36 million have filed claims in 8 weeks. → Read More
With COVID-19 threatening a long recession and weak recovery, Fed's Powell vows to use tools to fullest to avoid pain
Fed Chair Powell cited the risk the coronavirus could mean 'a prolonged recession and weak recovery.' He said Fed will use its tools "to the fullest." → Read More
Layoffs are easing but remain at historic levels as millions likely filed for unemployment last week
Economists estimate another 2.5 million initial jobless claims were filed last week. The claims are a reliable measure of layoffs. → Read More