Coronavirus Economic Impacts
Follow the latest Coronavirus Economic Impacts news, videos, and analysis from ABC News.
September 22, 2022, 2:42 AM

Florida man pleads guilty to $7.2M COVID-19 relief fraud

A Florida man who fled the U.S. and was eventually arrested in Croatia has pleaded guilty to stealing more than $7.2 million in COVID-19 relief funds
September 22, 2022, 2:42 AM
September 21, 2022, 11:46 AM

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.
September 21, 2022, 11:46 AM
48 charged with scheme to steal $250M from pandemic food program
September 2, 2022, 2:13 AM

By the Numbers: Pandemic learning loss

A look at the numbers behind how American school children fell further behind during the pandemic shutdown.
September 2, 2022, 2:13 AM
By the Numbers: Pandemic learning loss
1 month ago

Japan economy grows 2.2% in 2Q on revived consumer spending

Japan has reported its economy grew at an annual rate of 2.2% in the last quarter as consumer spending rebounded with an easing of pandemic precautions
1 month ago
1 month ago

Cathay Pacific losses narrow as COVID-19 restrictions ease

Hong Kong airline Cathay Pacific Airways says losses in the first half of the year narrowed as a relaxation in quarantine rules boosted passenger numbers
1 month ago
4 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.
4 months ago
How restaurants plan to reopen amid the coronavirus pandemic
4 months ago

New US hospitals face fiscal crisis over COVID relief money

A handful of U.S. hospitals are facing a financial crisis that officials say was caused by the federal government's rules for pandemic relief money
4 months ago
4 months ago

Emirates Air lost $1 billion, but that's an 80% improvement

The figure is an 80% improvement from the year before.
4 months ago
Emirates Air lost $1 billion, but that's an 80% improvement
4 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.
4 months ago
Pandemic having lasting impact on the US economy
5 months ago

By the Numbers: Pandemic Housing

A look at skyrocketing housing prices during the pandemic
5 months ago
By the Numbers: Pandemic Housing
5 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.
5 months ago
Amazon ends paid COVID leave
5 months ago

Sneakers, elastic pants: People alter office wear amid COVID

After working remotely in sweats and yoga pants for two years, many Americans are rethinking their wardrobes to balance comfort and professionalism as offices reopen
5 months ago
5 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.
5 months ago
How the pandemic changed career paths for women
5 months ago

Arkansas turning down remaining federal rental assistance

Arkansas is turning down most of the $146 million in federal pandemic rental assistance the state was set to receive
5 months ago
Arkansas turning down remaining federal rental assistance
5 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.”
5 months ago
How pandemic funding fraud cost US millions
5 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.
5 months ago
Over 50% of independent bars, restaurants anticipate permanent closure
6 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.
6 months ago
Senators close in on $10 billion COVID relief deal
6 months ago

Fewer Americans file for jobless claims last week

Fewer Americans applied for unemployment benefits last week, as layoffs continue to decline amid a strong job market rebound
6 months ago
Fewer Americans file for jobless claims last week
6 months ago

Florida couple pleads guilty to $881K COVID-19 relief fraud

A Florida couple has pleaded guilty to stealing nearly $900,000 in COVID-19 relief funds
6 months ago
6 months 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.
6 months ago
Women lost jobs at a higher rate in the pandemic. Many still haven't returned.
6 months 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.
6 months ago
Economic impact of pandemic hit women hardest
6 months 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.
6 months ago
1st cuts to COVID efforts will hit Americans next week as funding stalls: WH
7 months ago

White House: Congress must act soon to replenish COVID funds

The White House is warning that the U.S. will soon start running out of money to bolster COVID-19 testing supplies and to guarantee that uninsured Americans keep getting free treatment for the virus _ unless Congress swiftly approves more funding
7 months ago
White House: Congress must act soon to replenish COVID funds
7 months ago

Convoy protesting COVID-19 mandates does beltway circuit

A large group of truck drivers and their supporters object to COVID-19 mandates.
7 months ago
7 months ago

New offices for the hybrid era? Many companies are on board

Building a gleaming new headquarters at a time when more and more people are working from home may not seem to make sense
7 months ago
7 months ago

New offices for the hybrid era? Many companies are on board

Building a gleaming new headquarters may not seem to make sense.
7 months ago
New offices for the hybrid era? Many companies are on board
7 months ago

Inflation in 19 nations using euro sets record for 4th month

Inflation in Europe hit a record high for the fourth month in a row.
7 months ago
Inflation in 19 nations using euro sets record for 4th month
7 months ago

Biden outlines COVID plans, says it's time to return to work

President Joe Biden says “it’s time for Americans to get back to work” and he's announcing new efforts to allow people to return to normal activities safely after two years of pandemic disruptions
7 months ago
Biden extends FEMA coronavirus aid for states through July 1
7 months 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.
7 months ago
Pandemic's impact on recent college graduates
7 months ago

AOL founder on how pandemic is changing spread of tech jobs

AOL founder Steve Case started to build the online services company nearly 40 years ago before the internet became a mainstream phenomenon
7 months ago
AOL founder on how pandemic is changing spread of tech jobs
7 months ago

'No-COVID' policy drags on Hong Kong economy as cases surge

Once bustling Hong Kong is languishing amid a strict zero-COVID strategy.
7 months ago
'No-COVID' policy drags on Hong Kong economy as cases surge
7 months 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.
7 months ago
By the Numbers: How states are spending billions in pandemic relief
7 months 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.
7 months ago
Inflation rate climbs to 7.5% in 40-year high
7 months ago

G-20 finance leaders eye ways to support pandemic recovery

Indonesian President Joko Widodo told financial leaders of the Group of 20 industrial economies that countries must avoid tensions and cooperate to support a recovery from the pandemic
7 months ago
7 months ago

January retail sales surge 3.8% as consumers defy inflation

Fueled by pay gains, solid hiring and enhanced savings, Americans sharply ramped up their spending at retail stores last month in a sign that many consumers remain unfazed by rising inflation
7 months ago
Retail sales surge 3.8% in Jan. as threat of omicron eases
7 months 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.
7 months ago
Bill would establish trust funds for kids who lost parents to COVID-19
8 months 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.
8 months ago
City considers making pandemic sidewalk dining rules permanent
8 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.
8 months ago
How schools are trying to attract teachers during the pandemic
8 months ago

Jobless claims fall for second straight week

Fewer Americans applied for unemployment benefits for the second week.
8 months ago
Jobless claims fall for second straight week
8 months 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.
8 months ago
Amsterdam's sex workers face financial stress as the pandemic continues
8 months ago

Japanese game maker Nintendo's profits hurt by chips crunch

Nintendo reported its profit for the nine months through December slipped 2.5%.
8 months ago
Japanese game maker Nintendo's profits hurt by chips crunch
8 months 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.
8 months ago
By the Numbers: Car prices continue to soar
8 months 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.
8 months ago
Millions across the country are resigning from their jobs to follow passions
8 months 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.
8 months ago
Kraft Heinz announces price hike for popular items
8 months 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.
8 months ago
Major food brand warns of more price hikes for household staples
8 months ago

American Airlines reports $931 million fourth-quarter loss

American Airlines is reporting a $931 million loss for the fourth quarter and warning that omicron will further delay its recovery
8 months ago
American Airlines reports $931 million fourth-quarter loss
8 months 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.
8 months ago
Wealth of 10 richest men doubled in pandemic as 99% of incomes dropped
8 months 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.
8 months ago
Omicron's impact on restaurant industry shows dire need for restaurant relief grants
8 months ago

December retail sales slip after a record holiday season

Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season
8 months ago
December retail sales slide 1.9% amid shortages, omicron
8 months 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.
8 months ago
Top prosecutor indicted for allegedly lying about COVID financial hardships