Coronavirus Economic Impacts
Follow the latest Coronavirus Economic Impacts news, videos, and analysis from ABC News.
1 month ago

Macao eases COVID rules, but tourism, casinos yet to rebound

Gambling haven Macao’s relaxation of border restrictions after China rolled back its “zero-COVID” strategy is widely expected to boost its tourism-driven economy
1 month ago
Macao eases COVID rules, but tourism, casinos yet to rebound
2 months ago

US unemployment rate skyrockets to 14.7%, the worst since the Great Depression

The COVID-19 pandemic has forced many businesses across the country to shutter.
2 months ago
US unemployment rate skyrockets to 14.7%, the worst since the Great Depression
2 months ago

China anti-virus curbs spur fears of global economic impact

The Chinese government says more than 253,000 coronavirus cases have been found in the past three weeks and the daily average is rising
2 months ago
China anti-virus curbs spur fears of global economic impact
2 months ago

Senators close in on $10 billion COVID relief deal

Top Senate negotiators have said they are close to striking a deal to approve $10 billion in additional COVID relief funding as Democrats grumble over the compromise.
2 months ago
Senators close in on $10 billion COVID relief deal
3 months ago

New warning on work-from-home scam

ABC News' Rebecca Jarvis reports on a scam that promises work-from-home opportunities, which one woman said cost her nearly $5,000.
3 months ago
New warning on work-from-home scam
3 months ago

How school districts and states are trying to attract teachers during the pandemic

The stress of the pandemic is likely to only exacerbate challenges in recruiting teachers.
3 months ago
How schools are trying to attract teachers during the pandemic
4 months ago

Pandemic pivot pays off

A New Jersey couple turns their pandemic cookie business into a bakery after success online.
4 months ago
Pandemic pivot pays off
5 months ago

48 charged with scheme to steal $250M from pandemic food program

U.S. authorities charged 48 people in Minnesota with conspiracy and other counts in what they said Tuesday was the largest pandemic-related fraud scheme yet.
5 months ago
48 charged with scheme to steal $250M from pandemic food program
5 months ago

By the Numbers: Pandemic learning loss

A look at the numbers behind how American school children fell further behind during the pandemic shutdown.
5 months ago
By the Numbers: Pandemic learning loss
8 months ago

How restaurants plan to reopen amid the coronavirus pandemic

As restaurants begin to reopen across the country, owners and managers are faced with new challenges to keep staff and customers safe.
8 months ago
How restaurants plan to reopen amid the coronavirus pandemic
9 months ago

Pandemic having lasting impact on the US economy

The Labor Department reports 203,000 Americans filed jobless claims last week, up about 1,000 from the week before.
9 months ago
Pandemic having lasting impact on the US economy
9 months ago

By the Numbers: Pandemic Housing

A look at skyrocketing housing prices during the pandemic
9 months ago
By the Numbers: Pandemic Housing
9 months ago

Amazon ends paid COVID leave

Workers for the tech giant will be allowed to use sick time or take unpaid leave if they test positive for COVID-19.
9 months ago
Amazon ends paid COVID leave
9 months ago

How the pandemic changed career paths for women

Annelizabeth Konkel, an economist at Indeed Hiring Lab, talks about the effects the pandemic has had on women of color and the financial impact on women amid the fight for equal pay.
9 months ago
How the pandemic changed career paths for women
10 months ago

How pandemic funding fraud cost US millions

ABC News’ Kayna Whitworth speaks to author and ProPublica’s Reporter J. David McSwane about his book “Pandemic Inc.: Chasing the Capitalists and Thieves Who Got Rich While We Got Sick.”
10 months ago
How pandemic funding fraud cost US millions
10 months ago

Over 50% of independent restaurants, bars without federal grants fear permanent closure within 6 months

As a Senate vote looms for Restaurant Revitalization Funds, the Independent Restaurant Coalition unveiled a new report on the fate of the industry.
10 months ago
Over 50% of independent bars, restaurants anticipate permanent closure
1 year ago

Women lost jobs at a higher rate in the pandemic. Many still haven't returned.

President Joe Biden declared "America is back to work." But most of the nation’s 6.6 million jobs gained since Biden took office have gone to men.
1 year ago
Women lost jobs at a higher rate in the pandemic. Many still haven't returned.
1 year ago

Economic impact of pandemic hit women hardest

The Department of Labor reports that not only did more women leave the workforce since the pandemic began, but fewer have returned.
1 year ago
Economic impact of pandemic hit women hardest
1 year ago

White House says 1st cuts to COVID efforts will hit Americans next week as funding stalls in Congress

The White House detailed which programs are at-risk of cuts in a letter to Congress on Tuesday.
1 year ago
1st cuts to COVID efforts will hit Americans next week as funding stalls: WH
1 year ago

Pandemic's impact on recent college graduates

ABC News’ Em Nguyen delves into challenges recent graduates face as their formative years have been disrupted by the COVID-19 pandemic.
1 year ago
Pandemic's impact on recent college graduates
1 year ago

By the Numbers: How states are spending billions in pandemic relief

A look at how states and localities are spending the combined $350 billion allocated to them in the American Rescue Plan.
1 year ago
By the Numbers: How states are spending billions in pandemic relief
1 year ago

Inflation rate climbs to 7.5% in 40-year high

Mary Bruce reports from the White House with the latest on rising inflation numbers and the political implications that come with it.
1 year ago
Inflation rate climbs to 7.5% in 40-year high
1 year ago

California considering bill to create trust funds for COVID-19 orphans

A bill in the California state house is looking to give foster kids who lost a parent to COVID-19 some financial help.
1 year ago
Bill would establish trust funds for kids who lost parents to COVID-19
1 year ago

New York City considers making pandemic sidewalk dining rules permanent

The sights of dining tables sprawled out on an open city street may become a permanent fixture in the Big Apple.
1 year ago
City considers making pandemic sidewalk dining rules permanent
1 year ago

Amsterdam's sex workers face financial stress as the pandemic continues

Although business was slow in October compared to years past, some sex workers at the time seemed optimistic about the end of the pandemic.
1 year ago
Amsterdam's sex workers face financial stress as the pandemic continues
1 year ago

By the Numbers: Car prices continue to soar

Car buyers will likely face serious sticker shock, with 87% now paying above the manufacturer’s list price.
1 year ago
By the Numbers: Car prices continue to soar
1 year ago

Millions across the country are resigning from their jobs to follow passions

Nearly 4.5 million Americans left their jobs in the month of Nov. 2021. According to the U.S. Census Bureau, there has been a record-breaking surge in entrepreneurs starting their own businesses.
1 year ago
Millions across the country are resigning from their jobs to follow passions
1 year ago

Kraft Heinz announces price hike for popular items

Kraft Heinz said it’s raising the prices on some groceries items this spring, including Velveeta cheese, hot dogs and cold cuts.
1 year ago
Kraft Heinz announces price hike for popular items
1 year ago

Major food brand warns of more price hikes for household staples

Kraft Heinz alerted customers that it will raise prices in March on dozens of popular products, including Velveeta cheese, hot dogs and cold cuts.
1 year ago
Major food brand warns of more price hikes for household staples
1 year ago

Wealth of 10 richest men doubled in pandemic as 99% of incomes dropped: Oxfam

The ten richest men in the world have doubled their fortunes during the COVID-19 pandemic, a report published Monday by the advocacy group Oxfam said.
1 year ago
Wealth of 10 richest men doubled in pandemic as 99% of incomes dropped
1 year ago

Omicron's impact on restaurant industry shows dire need for restaurant relief grants

A new report from The Independent Restaurant Coalition showed bankruptcies, evictions and closures of restaurants and bars after 22 months without federal relief grants.
1 year ago
Omicron's impact on restaurant industry shows dire need for restaurant relief grants
1 year ago

Maryland prosecutor Marilyn Mosby indicted for allegedly lying on loan application spent on vacation home

Mosby made $250,000, but claimed she was facing COVID financial hardships.
1 year ago
Top prosecutor indicted for allegedly lying about COVID financial hardships
1 year ago

Price spikes hit 40-year high

A combination of pandemic-induced supply chain disruptions and consumer demand have created surging prices across the country, with inflation up 7% over the last 12 months.
1 year ago
Price spikes hit 40-year high
1 year ago

Inflation hits a 40-year high

Food, meat, poultry, fish and eggs are up 12.5% from a year ago and rent is up almost 4%. Experts say supply chain problems and high demand are fueling the surge in inflation.
1 year ago
Inflation hits a 40-year high
1 year ago

New numbers on price hikes expected

ABC News' Rebecca Jarvis highlights what to expect as inflation continues across the nation, including where you might see the biggest price hikes at home.
1 year ago
New numbers on price hikes expected
1 year ago

China locks down ahead of Winter Olympics

ABC News’ Maggie Rulli reports on China’s strict COVID-19 lockdowns and “zero COVID” policy that are forcing millions to shelter at home as the Beijing Winter Olympics draw near.
1 year ago
China locks down ahead of Winter Olympics
1 year ago

Record number of Americans quit jobs in November

Some 4.5 million Americans quit their jobs in November despite the Labor Department also reporting 10.6 million job openings that month.
1 year ago
Record number of Americans quit jobs in November
1 year ago

Record number of Americans quit in November

Rebecca Jarvis reports on the turnover in multiple industries after an unprecedented 4.5 million Americans quit their jobs in November 2021.
1 year ago
Record number of Americans quit in November
1 year ago

'If we close down our city, it's as dangerous as COVID': NYC Mayor Adams

George Stephanopoulos interviews New York City Mayor Eric Adams on "This Week."
1 year ago
'If we close down our city, it's as dangerous as COVID': NYC Mayor Adams
1 year ago

Even as many stay open, small businesses are feeling omicron's impact

Businesses are coming across staffing issues, higher costs and smaller numbers of customers.
1 year ago
Even as many stay open, small businesses are feeling omicron's impact
1 year ago

Millions of Americans have lost or quit their jobs

Many have had to dip deeply into savings to make ends meet and the new year is a good time to get back on the right financial track.
1 year ago
Millions of Americans have lost or quit their jobs
1 year ago

A week of travel woes: More than 8,000 flights canceled since Christmas Eve

JetBlue is canceling more than 1,200 flights over the next two weeks.
1 year ago
A week of travel woes: More than 8,000 flights canceled since Christmas Eve
1 year ago

Airlines ask passengers to reconsider non-essential travel amid cancellations

With the omicron variant fueling crew shortages and weather issues across the country, airlines are asking passengers to reconsider any non-essential flights they have planned before early January.
1 year ago
Airlines ask passengers to reconsider non-essential travel amid cancellations
1 year ago

Airlines cancel more flights amid rising COVID infections

With more than 1,000 flights a day being canceled since Christmas Eve, many airlines are scrambling to fill staff shortages as employees isolate due to coronavirus.
1 year ago
Airlines cancel more flights amid rising COVID infections
1 year ago

New round of price increases to hit grocery stores in 2022

Food manufacturers across the nation said that the “grocery gouge” is hitting everything from coffee to macaroni and cheese.
1 year ago
New round of price increases to hit grocery stores in 2022
1 year ago

Americans stranded after holidays as airlines cancel more flights

More travelers are still struggling to get home after Christmas after airlines canceled about 1,100 domestic flights on Monday, many due to staffing shortages as omicron cases surge.
1 year ago
Americans stranded after holidays as airlines cancel more flights
1 year ago

Holiday travel nightmare continues with COVID-related flight cancellations

Weekend travel nightmare continues with almost 1,000 cancellations before noon Monday.
1 year ago
No end in sight for COVID-related flight cancellations
1 year ago

More than 1,000 holiday flights canceled due to omicron variant

Nearly 1,700 planes were grounded on Christmas Eve and Christmas Day, as COVID-19 cases soared among flight attendants and other ground personnel.
1 year ago
More than 1,000 holiday flights canceled due to omicron variant
1 year ago

Major airlines cancel Christmas Eve flights due to variant

Delta and United Airlines have canceled some Christmas Eve flights due to the fast-spreading omicron variant of COVID-19.
1 year ago
Major airlines cancel Christmas Eve flights due to variant
1 year ago

Biden extends student loan payment pause until May

President Joe Biden said on Wednesday that he was extending the pause on student loan repayments an extra 90 days.
1 year ago
Biden extends student loan payment pause until May