The U.S. unemployment rate fell to 13.3% in May from 14.7%, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy in the wake of the viral pandemic.
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A Florida restaurant got more than a little help in the form of about $40,000 to help it stay open during the coronavirus pandemic, according to media reports.
J.C. Penney will begin closing 154 of its stores, including five in Illinois, next week in what it is calling the first phase of its efforts to shrink its footprint.
Orange County may borrow as much as $700 million to expand its already Pentagon-sized convention center — even as tax revenues collapse amid the coronavirus crisis and industry executives warn they will want even bigger public subsidies to prop up the convention business once the pandemic passes.