Job Gains Slowed Again In August As Employers Added 1.4 Million Jobs

Fewer jobs were added to the economy last month even as the unemployment rate fell to 8.4%. Job growth has slowed since June in a sign of what could be a long and painful recovery from the recession.

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Top Adviser To Operation Warp Speed Calls An October Vaccine 'Extremely Unlikely'

Dr. Moncef Slaoui, chief adviser to the administration's effort to develop a COVID-19 vaccine, said having a vaccine by next month was "not impossible." But a longer timetable appears more likely.

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Dow Drops Over 800 Points As Hot Tech Stocks Reverse Course

After days of record gains, the stock market suddenly falls to earth, with shares of Apple, Tesla and Facebook leading the way down.

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Despite Mass Testing, University Of Illinois Sees Coronavirus Cases Rise

The college's testing program has been touted as a potential model for reopening. But a new rise in cases puts into question whether any amount of testing can make campuses safe.

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New Jobless Claims Drop Below 1 Million, But There's A Caveat

Another 881,000 people applied for state unemployment benefits last week, the Labor Department says. That's down from the previous week, but the report comes with an asterisk.

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CDC Asks States To Plan For Potential Vaccine Distribution Starting In Late October

The CDC's planning guidance for states includes multiple scenarios for the rollout of a vaccine this year, including possibly having a limited number of doses available in October and November.

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U.S. To Owe More Than The Size Of Its Economy For The 1st Time In 75 Years

Congressional forecasters expect the federal deficit to reach $3.3 trillion during the current fiscal year. By 2023, government debt will reach an all-time high of 107% of GDP.

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United Plans 16,000 Furloughs As Airlines Cut Jobs During Pandemic Downturn

Just last week, American Airlines announced that 19,000 job cuts were coming. A federal aid package for the industry expires at the end of the month, and airlines are lobbying for an extension.

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Former Italian Premier Berlusconi Tests Positive For Coronavirus

Silvio Berlusconi tested positive for the virus that causes COVID-19 after returning to his home near Milan after a holiday in Sardinia, according to his staff.

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States Report Coronavirus Cases Linked To Sturgis, S.D., Motorcycle Rally

Public health officials across the U.S. reported dozens of cases in their states associated with people who attended the annual event, which drew hundreds of thousands in August.

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