Paul Davidson, USA TODAY

Paul Davidson


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Recent articles by Paul:

What happens if you can't pay rent on April 1 because coronavirus forced you out of work?

Congress and many states and localities are protecting tenants, and landlords, who can't pay their rent or mortgages because of the coronvirus. → Read More

Unemployment claims for last week could shatter record amid millions of new layoffs

Several million more jobless claims were likely filed last week as layoffs mount because of the economic damage caused by the coronavirus. → Read More

A record 6.6M Americans file for unemployment benefits as coronavirus wreaks havoc on economy

The number of Americans filing jobless claims rose to 6.6 M last week. Some economists expect tens of millions of layoffs the next couple of months. → Read More

Which states will be hit hardest by coronavirus-related job losses? See the list.

States reliant on tourism and manufacturing could be hit hardest by coronavirus-related job losses while five rural states could be most insulated. → Read More

What happens if coronavirus forced you out of work and you can't pay rent on April 1? Here are a few answers.

April 1 brings another anxiety to the coronavirus pandemic: paying rent. What happens if you're out of work and can't pay rent? → Read More

As coronavirus spread, economy lost 701,000 jobs in March, breaking 10-year string of gains

Employers cut 701,000 jobs in March as the coronavirus pandemic began to take a toll on the economy, breaking 10-year string of gains. Millions of layoffs are expected. → Read More

Unemployment could top 32% as 47M workers are laid off amid coronavirus: St. Louis Fed

Unemployment could top 32% as 47 million Americans lose their jobs, according to a St. Louis Fed estimate. → Read More

Initial jobless claims surged to record 3.3M last week as coronavirus takes heavy toll on economy

The number of Americans applying for jobless benefits for the first time surged to record 3.3M last week → Read More

'Quite ominous': Unemployment claims for last week could reach several million due to COVID-19 layoffs

A report on first-time claims for jobless benefits could show several million Americans were laid off last week -- the highest weekly total on record. → Read More

What we know: How the $2T coronavirus stimulus will affect you and the economy

Here's how the stimulus passed by Congress affects you and the economy. The bill provides lifelines to working Americans, the unemployed, contractors. → Read More

Former UN ambassador Nikki Haley resigns from Boeing board over company's bailout request

Nikki Haley, formerly the governor of South Carolina and US ambassador to the UN, has resigned from Boeing's board over the company's bailout request → Read More

Unemployment claims, a gauge of layoffs, may hit record 2.5M this week: Goldman Sachs

Initial claims for unemployment benefits may total record 2.5 million this week as coronavirus outbreak spreads, according to a Goldman Sachs estimate → Read More

A recession has probably begun. How bad will a coronavirus-triggered downturn be?

The coronavirus almost certainly has already triggered a recession. How bad will it be? And how long will it last? → Read More

Fed cuts rate to zero, launches more bond purchases in historic moves to fight coronavirus

The Fed cut short-term rates to zero, renewed bond purchases to lower long-term rates and encouraged bank loans to combat the coronavirus's impact. → Read More

Economists applaud coronavirus relief package passed by House but say more is needed

Economists say the coronavirus relief bill passed by the House will help the most vulnerable but more is needed to keep the US out of recession → Read More

As coronavirus spreads, businesses announce nearly 900 layoffs and the total could rise sharply

Firms have announced nearly 900 layoffs due to the coronavirus. The total could rise rapidly, says outplacement firm Challenger, Gray and Christmas → Read More

The coronavirus economy: As Americans shy away from malls and movie theaters, the damage to livelihoods grows

The economic damage caused by the coronavirus is growing as Americans change their behavior → Read More

Economy, stocks look shakier after Trump announces European travel ban, NBA suspends season

Dow futures tumbled 1,000 points late Wednesday after President Trump announced a 30-day travel ban from Europe to limit the spread of COVID-19. → Read More

It may feel like 2008 all over again, but here's how the coronavirus crisis is different

The coronavirus outbreak is rattling markets and hurting the economy. But here's how it's different from the 2008 financial crisis. → Read More

The odds of recession are rising but market sell-off doesn't mean it's inevitable

The odds of a recession are rising but the market's plunge doesn't mean it's inevitable → Read More