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

Initial Jobless Claims Fall to 787,000

Initial Jobless Claims Fall to 787,000
Initial Jobless Claims Fall to 787,000
October 22, 2020  |  Economy

U.S. initial claims for unemployment insurance fell in the week ended Oct. 17 to, declining 55,000 from the week prior to hit a seasonally adjusted...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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,...

READ MORE >