Jim Zarroli

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.

Over the years, he has reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders, and Ponzi schemers. Most recently, he has focused on trade and the job market. He also worked as part of a team covering President Trump's business interests.

Before moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position, he reported from the United Nations and was also involved in NPR's coverage of Hurricane Katrina, the London transit bombings, and the Fukushima earthquake.

Before joining NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.

He lives in Manhattan, loves to read, and is a devoted (but not at all fast) runner.

Zarroli grew up in Wilmington, Delaware, in a family of six kids and graduated from Pennsylvania State University.

Updated at 1:36 p.m. ET

Restaurant chains, construction companies and mobile-home makers are among more than a million businesses approved for loans so far under the government's $349 billion Paycheck Protection Program.

The program is primarily intended to benefit small businesses — defined as those with fewer than 500 employees — hurt by the coronavirus pandemic. However, some larger, publicly traded companies have also qualified for loans.

Updated at 8:43 a.m. ET

The number of people filing for unemployment climbed by another 5.2 million last week as the toll of the nation's economic dive amid the pandemic continues to mount. That number is down from the revised 6.6 million in the week that ended April 4, the Labor Department said.

But in the past four weeks, a total of 22 million have filed jobless claims — nearly wiping out all the job gains since the Great Recession.

The coronavirus, we are sometimes told, is a great equalizer, preying on both the elite and the ordinary, the well-heeled and the downtrodden.

"It doesn't care about how rich you are, how famous you are," Madonna assures us in her latest video, sitting naked in bathwater laced with rose petals.

But being rich sure does let you ride out the pandemic in much more pleasant surroundings.

Banks are starting to reel from the financial impact of job losses and business shutdowns across the country from the coronavirus.

Two of the nation's biggest banks reported plummeting profits during the first three months of the year as they sought to prepare for an onslaught of defaults in debt that ranged from credit cards and mortgages to business loans.

Updated at 2:25 p.m. ET

One of the country's largest pork-producing plants closed indefinitely after nearly 300 of its employees tested positive for COVID-19. And the company's CEO warned that the coronavirus pandemic is pushing the nation's meat supply "perilously close" to the edge.

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