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

Hilton To Permanently Close Its Hotel In New York City’s Times Square

Hilton To Permanently Close Its Hotel In New York City’s Times Square
Hilton To Permanently Close Its Hotel In New York City’s Times Square
September 03, 2020  |  Economy

The Hilton Times Square is the latest victim of the coronavirus pandemic. In a filing with New York’s State Department of Labor, the managing director...

READ MORE >
Today In Payments: Walmart Debts $12.95 Membership, SEC Eyes Probe of Robinhood
Today In Payments: Walmart Debts $12.95 Membership, SEC Eyes Probe of Robinhood
September 01, 2020  |  News

In today’s top news, Walmart debuts its membership program, Walmart+, and the U.S. Securities and Exchange Commission (SEC) is eying a probe of Robinhood over...

READ MORE >
India’s GDP Shrinks 24 Pct In Second Quarter
India’s GDP Shrinks 24 Pct In Second Quarter
August 31, 2020  |  Cross-border Payments

India’s gross domestic product (GDP) fell by 24 percent in the second quarter (Q2) as the pandemic took its toll on the nation’s economy, according...

READ MORE >
Consumer Spending: Running Dry …. Or Dry Powder?
Consumer Spending: Running Dry …. Or Dry Powder?
August 28, 2020  |  Consumer Finance

The consumer spending slowdown was due to happen, following the burst of activity and demand that had been hemmed in by the coronavirus. With a...

READ MORE >
U.S. Jobless Claims Exceed 1M Again, Number Down From Previous Week
U.S. Jobless Claims Exceed 1M Again, Number Down From Previous Week
August 27, 2020  |  Economy

The number of Americans who filed for jobless claims exceeded 1 million last week, but it was down slightly compared to the previous week, the...

READ MORE >
Republicans Ready A More Modest Stimulus Bill
Republicans Ready A More Modest Stimulus Bill
August 26, 2020  |  Economy

Republican lawmakers are aiming to release a narrower pandemic stimulus bill as soon as this week, CNBC reported. Get the Full Story Complete the form...

READ MORE >
Consumer Switch To eCommerce Prompts UK Retailers To Slash Jobs
Consumer Switch To eCommerce Prompts UK Retailers To Slash Jobs
August 25, 2020  |  Economy

Retail employment in the U.K. has dropped 45 percent since May in the sharpest fall it has taken since the 2009 recession, the Confederation of...

READ MORE >
Navigating The COVID-19 Pandemic: How The Paycheck-To-Paycheck Economy Is Beginning To Buckle
Navigating The COVID-19 Pandemic: How The Paycheck-To-Paycheck Economy Is Beginning To Buckle
August 24, 2020  |  Economy

The World Health Organization’s (WHO’s) March 11 announcement labeling the COVID-19 outbreak a pandemic marked the end of business as usual in the United States....

READ MORE >