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

Australia Seems Headed Toward A ‘Service-Sector Recession,’ And America Could Be Next
Australia Seems Headed Toward A ‘Service-Sector Recession,’ And America Could Be Next
June 01, 2020  |  Economy

For advanced economies, the transition to the digital age where manufacturing once reigned has its downside. Because when service jobs disappear — as has been...

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US Savings Rate Soars As Consumer Spending Sinks – A Bad Sign For SMBs
US Savings Rate Soars As Consumer Spending Sinks – A Bad Sign For SMBs
June 01, 2020  |  SMBs

Not all that long ago, we were hoarding toilet paper and flour — eyeing the proverbial rainy day when we’d need what we’d saved, as...

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Amazon To Offer Jobs To Most Of Workers Hired In Pandemic
Amazon To Offer Jobs To Most Of Workers Hired In Pandemic
May 31, 2020  |  Amazon

Of the 175,000 workers Amazon brought on board during the coronavirus pandemic, the eCommerce titan plans to keep over half of them, Reuters reported. Get...

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Unemployment Fraud In Michigan Could Bump Legit Jobless Claims
Unemployment Fraud In Michigan Could Bump Legit Jobless Claims
May 29, 2020  |  Security & Fraud

Unemployed Michigan residents ought to be wary of a scam in which fraudsters are using stolen personal information to apply for unemployment benefits, according to...

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Kudlow: Gov’t Eyes Cash Bonuses To Get People Back To Work
Kudlow: Gov’t Eyes Cash Bonuses To Get People Back To Work
May 28, 2020  |  Economy

Larry Kudlow, director of the U.S. National Economic Council, said he thinks the idea of cash incentives for people going back to work could be...

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Another 2.1M Americans File Jobless Claims As Pandemic’s Total Tops 40M
Another 2.1M Americans File Jobless Claims As Pandemic’s Total Tops 40M
May 28, 2020  |  Economy

More than 2 million Americans filed for unemployment benefits last week as the number of workers seeking assistance since the COVID-19 pandemic began in mid-March...

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Goldman Sachs: Unemployment Could Remain High For Next 2 Years
Goldman Sachs: Unemployment Could Remain High For Next 2 Years
May 27, 2020  |  Economy

High unemployment could remain a constant for the next two years as people struggle to find jobs, according to Goldman Sachs. Get the Full Story...

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Related Co Chair: Many SMB Retail, Restaurants ‘Don’t Have The Wherewithal To Reopen’
Related Co Chair: Many SMB Retail, Restaurants ‘Don’t Have The Wherewithal To Reopen’
May 27, 2020  |  Retail

Stephen Ross, chairman of Related Cos., said bankruptcy could be the future for many retailers as the effects of the pandemic continue to play out....

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Uber, Lyft Drivers File Unemployment Lawsuit In NY
Uber, Lyft Drivers File Unemployment Lawsuit In NY
May 26, 2020  |  Legal

Four Uber and Lyft drivers are suing the state of New York over what they say is a failure to pay their unemployment during the...

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