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- Data shows a 2.4 percent increase in small business headcount in June compared to the previous month
- Cuts in hours and pay rates have been more than furloughs likely to account for reduced wages
- Employees have also shown an increased willingness to voluntarily leave a job for new opportunities
- The Federal Reserve purchased $1.3 billion in corporate bonds in late June, on top of other purchases earlier in the month
- The purchases are part of an effort to keep interest rates low and allow large companies to borrow money by selling corporate debt
- The Fed has slowed such purchases in recent weeks and may stop altogether if the markets remain healthy
- More than 1.3 million Americans applied for unemployment benefits last week
- Resurgence in COVID-19 cases forces reversal or pause of reopening plans in several states
- Companies warn of potential need for further layoffs as economy regains only about one-third of jobs lost in March and April
- LendingTree analyzed survey data from the U.S. Census Bureau to see which cities have felt the least impact on their businesses due to COVID-19
- Cities in Kentucky, Virginia, and Arizona top the list
- Recent reopening and local grants help ease the burden
- Mixed effects in roundup of COVID-19 business news
- Real estate stays robust during pandemic, with a boost in home buying
- Hotels optimistic for resumption in business, while cruise line web traffic falls sharply
- A group of 153 economists calls for additional direct cash payments to Americans to help stimulate the economy
- Payments under the CARES Act helped boost spending among lower income households, mostly for essentials
- Supplemental unemployment funds set to expire at end of July
