unemployment

Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment Insurance is a joint state-federal program that provides cash benefits to eligible workers. The benefits partially replace wages to help unemployed workers meet their financial obligations while looking for work.

Source: usa.gov

HSBC To Eliminate As Many As 300 UK Commercial Banking Jobs

HSBC To Eliminate As Many As 300 UK Commercial Banking Jobs
HSBC To Eliminate As Many As 300 UK Commercial Banking Jobs
October 21, 2020  |  Personnel

HSBC will be restructuring its commercial banking business in Britain which will result in 300 job cuts, according to Reuters. Get the Full Story Complete...

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Lower US Jobless Rate Hides Those Who Quit Looking For A Job, Data Shows
Lower US Jobless Rate Hides Those Who Quit Looking For A Job, Data Shows
October 21, 2020  |  Economy

Many unemployed U.S. workers simply gave up trying to find work in September after months of the coronavirus pandemic and ensuing recession, the Wall Street...

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Study Shows Americans Struggling As Savings Dry Up
Study Shows Americans Struggling As Savings Dry Up
October 16, 2020  |  Economy

Seven months into the worldwide pandemic, Americans are facing empty savings accounts, reduced unemployment benefits and no relief in sight, according to an Oct. 16...

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US Jobless Claims Rise By 53,000 To Hit 898,000
US Jobless Claims Rise By 53,000 To Hit 898,000
October 15, 2020  |  Economy

Jobless claims in the week ending Oct. 10 increased to 898,000, up 53,000 from the previous week’s number, which was revised to 845,000 from the...

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IMF Upgrades GDP Forecast To -4.4 Pct Growth
IMF Upgrades GDP Forecast To -4.4 Pct Growth
October 13, 2020  |  Economy

The International Monetary Fund has upgraded its global real gross domestic product (GDP) forecast for 2020 to -4.4 percent in October from -5.2 percent in...

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Rogue State Employees Join Cyberthieves In Stealing Jobless Benefits
Rogue State Employees Join Cyberthieves In Stealing Jobless Benefits
October 13, 2020  |  Cybersecurity

Insider fraud is emerging as yet another threat to the nation’s unemployment insurance (UI) program, already under siege as cybercriminals and criminal gangs make away...

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US Jobless Claims Remain Historically High At 840,000
US Jobless Claims Remain Historically High At 840,000
October 08, 2020  |  Economy

Jobless claims continued to be below 1 million last week, but so far have failed to slip under 800,000 since the start of the pandemic,...

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Report: Wells Fargo Slashes 700 Jobs
Report: Wells Fargo Slashes 700 Jobs
October 07, 2020  |  Personnel

Wells Fargo & Co. has eliminated more than 700 jobs in commercial banking, kicking off a series of cuts that eventually could number in the...

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