Articles by Jonnelle Marte

Most Small Businesses Lost Sales Due to Pandemic: Fed Survey

The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic, with minority-owned businesses struggling the most and worrying more about accessing credit, according to a Federal Reserve survey released on …

Fed Survey Shows Most Small Businesses Lost Sales Due to Pandemic

The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic, with minority-owned businesses struggling the most and worrying more about accessing credit, according to a Federal Reserve survey released on …

Workers Refusing Unsafe Work May Be Able to Get Unemployment Insurance

Many workers called back by employers resuming or expanding operations despite the ongoing coronavirus pandemic face a dilemma: return to jobs that put them at high risk of the virus, or say no, and risk going without pay or unemployment …

What Biden’s First Year Might Mean for Job Creation

Joe Biden’s first year in office could go down in history as a record-breaker on the job-creation front, with an explosion in hiring expected as the coronavirus vaccine rollout allows Americans to emerge from a year in hiding. It may …

Why the Coronavirus Recession Is Not Like the Last Recession

Judith Ramirez received a letter this month that she’d been dreading: The Honolulu hotel that furloughed her from a housekeeping job in March, during the lockdown triggered by the coronavirus pandemic, made her layoff permanent. Ramirez, 40, was originally told …

Federal Reserve Policymakers See Slow Economic Growth Until Virus Contained

The U.S. economic recovery will be slow until the coronavirus is under control, and Americans will have to manage life with the virus for at least the next several months, three Federal Reserve policymakers said on Wednesday. After rebounding strongly …

Without More Aid, Many Small Businesses Won’t Make It

OAKLAND, Calif./NEW YORK — After surviving two strokes at age 27, Olivia Colt threw herself into starting a catering business, a lifelong dream. Ten years and another stroke later, she had built Salt & Honey Catering Plus Events into a …

Federal Reserve Warns of ‘Long Road’ Ahead to Economic Recovery

The Federal Reserve expects household finances and business balance sheets to suffer “persistent fragilities” as a result of the shock to economic activity arising from the coronavirus pandemic, the central bank said in a report to Congress on Friday. In …