CNBC Economy

It was the first decline in payrolls since September 2010 and came close to the May 2009 financial crisis peak of 800,000.

As the SBA prepares to start accepting applications for payroll relief loans on Friday, business owners are confused about the program's details.

Activity in the U.S. services sector slowed down in March as business grapple with the coronavirus outbreak, data released Friday by the Institute for Supply Management showed.

A generation of risk-averse supersavers could emerge from the fallout of the coronavirus crisis and potentially reshape the economy, experts have said.

The number of weekly unemployment claims filed in the U.S. could soon exceed 8 million as the fallout from widespread shutdowns amid the coronavirus pandemic continues to worsen, one economist told CNBC on Friday.

First-time claims for unemployment insurance had been expected to total 3.1 million, according to economists surveyed by Dow Jones.

When the coronavirus pandemic eventually subsides, the economic impact will be felt unevenly from one part of the country to another. The regions feeling the biggest impact may also see the fastest growth when they recover, according to an analysis Wednesday from IHS Markit. Here are state-by-state job loss projections from the analysis:

The Boston Fed president still expects big hits from coronavirus on the economy, particularly employment.

For most mortgage borrowers, the first of the month is payment day. This month, however, is a very different story. Millions of borrowers have either lost jobs or income, and are suddenly struggling to make those monthly payments.

The $350 billion loan program aims to help small businesses cover payroll and benefits during the coronavirus pandemic.

The Treasury secretary told CNBC he is holding discussions with Congress about a potential infrastructure bill.

U.S. manufacturing activity contracted in March as the coronavirus outbreak continues to pressure the economy, data released Wednesday by the Institute for Supply Management showed.

The March ADP count covers the period before the social distancing measures that have shut down large parts of the economy.

A measure of U.S. consumer confidence fell sharply in March as people grapple with the global coronavirus outbreak.

The gains came before the coronavirus shut down much of the economy and the housing market. Now there are forecasts that home values will weaken significantly.

Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to the Federal Reserve.

Homebuyer demand was strengthening markedly just before COVID-19 began its spread across the U.S. Pending home sales, which measure signed contracts on existing homes, rose 2.4% in February compared with January. Sales were up a steep 9.4% annually, according to the National Association of Realtors. That is the highest pace in exactly three years.

The $2 trillion federal stimulus package known as the CARES Act, signed into law by President Trump on Friday, takes unprecedented steps to provide a social safety net for the self-employed.

Vice President Mike Pence said that the fundamentals of the U.S. economy remain strong despite the coronavirus pandemic that has tanked markets and led to unprecedented layoffs of millions.

Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve's asset portfolio has reached levels never seen before.