Economy

The library system is facing nearly $20,000 in cuts for books and subscriptions alone.

In Virginia, over 630,000 people have filed for unemployment in the last two months.

The company is temporarily taking down a machine in their Covington mill, resulting in 67 temporary layoffs.

That is the largest decline since the government began tracking this data in 1939.

The Virginia Employment Commission is working to be more accessible to people with questions about the claims process, but many people are still having trouble getting in touch with a real person.

The bill would invest $15 billion in workforce training and career development services.

On a media call Wednesday, Warner discussed the Paycheck Security Act, which he introduced along with other senators, including Bernie Sanders.

An abatement of up to $500 will be provided.

That marks the third straight week totals have dipped since weekly claims reached a record-setting nearly 150,000 in the week ending April 4. Still, it’s far higher than before the crisis.

Under this initiative, Virginians with commercially-owned Federal Family Education Loan loans, Perkins loans, or privately held student loans who are struggling to make their payments due to the ongoing COVID-19 pandemic will be eligible for expanded relief.

Neighbors in Botetourt County are asking leaders to reconsider the county's real estate tax rate for this upcoming fiscal year.

Democratic Gov. Ralph Northam has come under growing pressure from business owners to begin the process of re-opening Virginia.

The government's Paycheck Protection Program was helping lend money to them but it has run out of funds.

The majority of the employees work in the Green Ridge Recreation Center, Brambleton Center and six libraries that have all been closed since March 23.

Since the Governor’s 'Stay at Home' order took effect a couple weeks ago, the Roanoke Valley Association of Realtors says that has not slowed home sales.

The decision affects personal property taxes through June 5.

The CARES Act includes $10 billion in funds for the Federal Aviation Administration (FAA)’s Airport Improvement Program (AIP) to provide relief for eligible U.S. airports affected by the prevention, preparation and response surrounding the COVID-19 pandemic.

The financial fallout from the coronavirus pandemic continues to spread in western Virginia. On Tuesday, Carilion Clinic said it is taking steps to reduce expenses, including furloughs, reduced hours and pay cuts for employees.

After determining a budget shortfall in Carroll County, the board of supervisors is looking to find alternate means to make up for that deficit.

Before the coronavirus forced so many businesses into stasis, weekly jobless claims in Virginia averaged around 2,600.

The record-setting number of claims doubles last week's previously-record-setting number.

The jobless claims over the last two weeks now equal those filed over a full three months during the worst stretch of the Great Recession more than a decade ago.

The unemployment rate in the U.S has risen to 3.3 million and is expected to keep rising. That's the highest it's been since the Department of Labor started keeping track in 1967.

The report released Thursday shows nearly 47,000 Virginians filed unemployment claims for the week ending March 21. That's about 18 times higher than the previous four-week rolling average.

Virginian's enrolled in SNAP, who are not already receiving the maximum allotment for their household, will receive emergency benefits.

The Senate and White House agreed to terms on the $2 trillion package early Wednesday.

Disaster loan assistance will be available for small businesses in Virginia through the U.S. Small Business Administration.

Professor Derek Klock says the market will rebound when the coronavirus is under control.

Mortgage rates are now around three percent, making it a great time to buy a home.

Despite one of the worst weeks on Wall Street since 2008, Virginia Tech Finance Professor Derek Klock is urging investors to not make rash decisions.