![Federal Reserve Chair Jerome Powell, left, and United States Treasury Secretary Steve Mnuchin, right, both gave testimony on Tuesday before the US House Committee on Financial Services [Caroline Brehman/The Associated Press]](/wp-content/uploads/2020/09/AP_20266609772201.jpg?resize=570%2C380)
Powell and Mnuchin say the economy is rebounding, but more spending by Congress is likely needed.
Unemployment
![US stocks dropped on Monday on fears that a fresh round of coronavirus lockdowns could be in the cards and Congress's continuing failure to pass a new round of virus relief aid [File: Bloomberg]](/wp-content/uploads/2020/09/678216fc278d4aa298adbf962cd05e21_18.jpeg?resize=570%2C380)
Bank shares hammered on heels of report alleging several of them continue to profit from illicit activities.
![Consumers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania in July [File: Brendan McDermid/Reuters]](/wp-content/uploads/2020/09/0b0540fd94524c64bf6f9506ab05a6bd_18.jpeg?resize=570%2C380)
US consumers have called every presidential election correctly since 1976 – with one notable exception.
![Between mid-August and the first week of September, applications for Pandemic Unemployment Assistance doubled in California to more than 524,000, the state's Employment Development Department said on Thursday [File: Lucy Nicholson/Reuters]](/wp-content/uploads/2020/09/4a053c7835be4dba88b35e44cf30a7a6_18.jpeg?resize=570%2C380)
Scammers appear to have inflated jobless claims numbers in California by the hundreds of thousands in...
![People eat at a mostly empty restaurant in the financial district during the coronavirus pandemic in Manhattan, New York, US, where companies are debating whether to ask workers to return back to the office [File: Carlo Allegri/Reuters]](/wp-content/uploads/2020/09/7d7490cfefa848f09e7a278102b3a939_18.jpeg?resize=270%2C180)
Widespread layoffs add to growing concerns that the economic rebound is plateauing.
![American Airlines CEO Doug Parker wipes his brow as he and Southwest Airlines CEO Gary Kelly speak to reporters after meeting with White House Chief of Staff Mark Meadows in Washington, DC, United States [File: Kevin Lamarque/Reuters]](/wp-content/uploads/2020/09/549f0a0603194793ab279d5eff058c56_18.jpeg?resize=270%2C180)
Coronavirus-decimated airline industry braces for thousands of job cuts in two weeks when the $25bn federal aid expires.
![The US labour market recovery is losing steam and leaving millions of out-of-work Americans fearing for their futures as the initial round of stimulus from Congress fades and legislators on Capitol Hill remain at odds over another virus relief aid package [File: Jonathan Ernst/Reuters]](/wp-content/uploads/2020/07/60f82a4bf14d4c54bf4b91c3216a87b0_18.jpeg?resize=270%2C180)
Jobless claims show layoffs remain widespread while new single-family home construction remains brisk.
![The Empire State Building is seen out the windows from the One Vanderbilt office tower in Manhattan, New York, as the coronavirus keeps the largest and richest United States office market almost empty [File: Mike Segar/Reuters]](/wp-content/uploads/2020/09/e58138921f75460e9895654f3eed5367_18.jpeg?resize=270%2C180)
The Dow ends higher after Fed signals interest rates could stay low through 2023.
![A woman and a child look through the windows of the closed Lego store at Rockefeller Center on 5th Avenue during the outbreak of the coronavirus in Manhattan, New York, US [File: Mike Segar/Reuters]](/wp-content/uploads/2020/09/1b6e093bb9634d4fbe0be0ab2d539b73_18.jpeg?resize=270%2C180)
Slowdown suggests a more gradual economic recovery – and more prolonged pain – from the coronavirus recession.
![A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, New York, US [File: Mike Segar/Reuters]](/wp-content/uploads/2020/09/990e1a3e13ef4435b009cf08729001fc_18.jpeg?resize=270%2C180)
Big Tech bounce-back continues unabated, while Fed policymakers start 2-day meeting.
![Millions of workers in towns and cities left for their rural homes earlier this year as the coronavirus pandemic forced their workplaces to close. Many have yet to return, putting pressure on provincial economies [File: Francis Mascarenhas/Reuters]](/wp-content/uploads/2020/09/83a9f0a68914441d92f20935ffd505cd_18.jpeg?resize=270%2C180)
The rural jobs scheme has helped millions to find work, but the coronavirus pandemic is stretching it to its limits.
![Economists believe the labour market could take years to return to its pre-pandemic levels and are urging the White House and Congress to restart stalled negotiations for another round of virus relief aid [File: Andrew Kelly/Reuters]](/wp-content/uploads/2020/09/024710fb563f4a169884f3f1ae6c3f38_18.jpeg?resize=270%2C180)
Claims for US state unemployment benefits totalled 884,000 for the week ended Sept 5, matching prior week’s total.
![Democratic presidential nominee Joe Biden unveiled proposals on Wednesday for curbing offshoring and bolstering United States manufacturing to an audience of union workers at the United Auto Workers Region 1 headquarters in Warren, Michigan [Patrick Semansky/The Associated Press]](/wp-content/uploads/2020/09/29fb2327d00b40a3b1b8ef2bb5e874b7_18.jpeg?resize=270%2C180)
Biden accuses Trump of breaking promise to bring back US factory jobs as he unveils plan to punish offshoring.
![Across the big companies in the S&P 500 index, more than a third did not have a single Black director in 2019, according to Black Enterprise magazine [File: Robert Galbraith/Reuters]](/wp-content/uploads/2020/09/e583e82dd3694dadbfce5d1597fb335e_18.jpeg?resize=270%2C180)
Some 17 United States companies promise to add at least one Black director to their boards within 12 months.