20.5 million jobs lost in April, US unemployment rises to 14.7 percent as coronavirus’ economic devastation shatters records U.S. employers, devastated by the coronavirus pandemic, cut 20.5 million jobs in April, a record-shattering number that pushed unemployment to 14.7 percent, the highest level since the Great Depression, a new report from the U.S. Labor Department revealed Friday. However, U.S. equity markets still rallied as states forged ahead with reopening plans.
The U.S. Food and Drug Administration has issued an Emergency Use Authorization (EUA) for a rapid diagnostic, gene-editing tool in detecting the coronavirus. The Cambridge, Mass.-based engineering biology company, Sherlock Biosciences, developed a “CRISPR SARS-CoV-2 kit” to detect the virus in about one hour.
Senate Minority Leader Chuck Schumer, D-N.Y., said Thursday that he and House Speaker Nancy Pelosi, D-Calif., are working on a “Rooseveltian-type” stimulus bill as a follow-up to the first aid package that became law in late March.
The Transportation Security Administration (TSA) has announced that all officers must wear facial protection at security screening checkpoints, a proactive health safety measure in the national fight against COVID-19. Meanwhile, Amtrak will require passengers to wear face coverings beginning next week, starting Monday.
Amid the coronavirus pandemic, American farmers are being forced to pour out milk, crush eggs, toss fresh fruits and vegetables, euthanize livestock and plow under perfectly robust crops. Meanwhile, financially beleaguered Americans are lining up at food banks in unprecedented numbers. Humanitarian leaders fear a global starvation pandemic is burgeoning.
So what has gone wrong? Fox News Digital takes a closer look.
And as the second round of Personal Paycheck Protection (PPP) loans are being doled out by the Small Business Administration, entrepreneurs who are dealing with smaller community banks and credit unions are seeing their loans much more quickly than those applying through larger banks.
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And there were several other developments: After attributing a spike in coronavirus cases to so-called “coronavirus parties" earlier this week, officials in a southeastern Washington State county have now walked back the comments, saying the gatherings were “innocent endeavors.” Frontier Airlines has announced that all passengers, as well as all crew members, would need to undergo a touchless temperature screening prior to boarding, starting June 1. Frontier becomes the first U.S. airline to mandate temperature checks of passengers. Although the pandemic has caused thousands of people who work in the film industry to face an uncertain future, many are already looking ahead to gauge how much the business will change once production is allowed to begin again. Don’t expect a baby boom after the coronavirus pandemic. A new study published in the Journal of Psychosomatic Obstetrics & Gynecology found that more than 80 percent of people do not plan to conceive during the COVID-19 crisis. A journalist from CBS’ Chicago affiliate was mocked on Twitter for a report that urged citizens to call 9-1-1 on the ice cream man for breaking coronavirus guidelines. |
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MUST SEE VIDEO | A Memphis, Tenn., nurse on the front lines of treating COVID-19 patients opens up about working 21 straight days in a New York City hospital. |
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