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

US Jobless Claims Fall To 1.2M In Latest Week, But Top 55M Since Pandemic Began

US Jobless Claims Fall To 1.2M In Latest Week, But Top 55M Since Pandemic Began
US Jobless Claims Fall To 1.2M In Latest Week, But Top 55M Since Pandemic Began
August 06, 2020  |  Economy

The number of Americans who filed for unemployment benefits fell last week after two consecutive weeks of increases, the U.S. Department of Labor (DOL) reported...

READ MORE >
Poll: Almost Half Of Those Laid Off Doubt Jobs Will Return
Poll: Almost Half Of Those Laid Off Doubt Jobs Will Return
August 03, 2020  |  Economy

Almost half of furloughed workers in the U.S. don’t believe their jobs are coming back, according to a report from CNBC citing a poll from...

READ MORE >
Consumers Use Stimulus Money To Pay Down Credit Card Debt
Consumers Use Stimulus Money To Pay Down Credit Card Debt
August 02, 2020  |  Debt

With one in five workers collecting jobless benefits thanks to the pandemic, banks braced for increased credit card debt and delinquencies as families struggled to...

READ MORE >
US Jobless Claims At 1.4M For Second Week
US Jobless Claims At 1.4M For Second Week
July 30, 2020  |  Economy

For the second consecutive week, the number of Americans filing new unemployment claims increased last week as new cases of COVID-19 continued to surge. The...

READ MORE >
Fed Chair Powell: Economic Recovery Depends On Success In Controlling Pandemic
Fed Chair Powell: Economic Recovery Depends On Success In Controlling Pandemic
July 29, 2020  |  Economy

Federal Reserve Chair Jerome Powell said Wednesday (July 29) that the road to economic recovery is “extraordinarily uncertain” and will be heavily influenced by how...

READ MORE >
Democrats, Republicans Feud Over Newest Stimulus Plan
Democrats, Republicans Feud Over Newest Stimulus Plan
July 28, 2020  |  Economy

Unlike the CARES Act, which passed Congress in March with bipartisan support to deliver $2 trillion in economic relief to the country, this time Republicans...

READ MORE >
NY Federal Judge Orders Unemployment Payouts For Uber, Lyft Drivers
NY Federal Judge Orders Unemployment Payouts For Uber, Lyft Drivers
July 28, 2020  |  Ridesharing

New Yorkers may soon see a lot of smiles on the faces of Uber and Lyft drivers following a judge’s ruling on Tuesday (July 28)...

READ MORE >
GOP COVID-Relief Plan Includes New Stimulus Checks And PPP, But Lower Jobless Benefits 
GOP COVID-Relief Plan Includes New Stimulus Checks And PPP, But Lower Jobless Benefits 
July 27, 2020  |  Economy

The opening salvo in what is sure to be a contentious fight for a new economic stimulus package was unveiled Monday (July 27). Senate Republicans...

READ MORE >