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

Optimism Remains Despite Record Jobless Numbers
Optimism Remains Despite Record Jobless Numbers
May 08, 2020  |  Economy

Despite Friday’s (May 8) grim unemployment report, which revealed that the number of Americans who have lost their jobs has quadrupled since February, there is...

READ MORE >
Jobless Rate Hits 14.7 Pct; 20.5M Nonfarm Jobs Lost
Jobless Rate Hits 14.7 Pct; 20.5M Nonfarm Jobs Lost
May 08, 2020  |  Economy

The latest jobless report illustrates the devastation caused by COVID-19, as the U.S. Bureau of Labor Statistics released the worst unemployment numbers in the nation’s history....

READ MORE >
Unemployment Filings Top 3.1M Across US
Unemployment Filings Top 3.1M Across US
May 07, 2020  |  Economy

As the coronavirus pandemic continues to cripple the U.S. economy, another 3.169 million people filed for unemployment benefits in the week ending May 2. Total...

READ MORE >
Today In Payments: Investigators Question Wells Fargo Over PPP Loans; Visa Leads Latest Funding For FinTech Nium
Today In Payments: Investigators Question Wells Fargo Over PPP Loans; Visa Leads Latest Funding For...
May 06, 2020  |  News

In today’s top news, officials are investigating wells Fargo regarding its management of Paycheck Protection Program (PPP) loans, and Visa led the latest funding round...

READ MORE >
ADP’s Massive Job Loss Tally Underscores Main Street Lending Urgency
ADP’s Massive Job Loss Tally Underscores Main Street Lending Urgency
May 06, 2020  |  Economy

The pandemic has spared no one on Main Street – the fallout has touched everyone, from the smallest of storefronts to the largest of mid-sized...

READ MORE >
US Jobs Report Shows 11M Jobs Lost At SMBs
US Jobs Report Shows 11M Jobs Lost At SMBs
May 06, 2020  |  Economy

COVID-19 continues to take its toll on the nation’s workforce as the number of private-sector jobs fell by a record 20.2 million from March to...

READ MORE >
PPP Loan Program’s Flaw: It Pays To Be Jobless
PPP Loan Program’s Flaw: It Pays To Be Jobless
May 05, 2020  |  SMBs

The $2.2 trillion CARES Act passed by Congress last month brought good news for the unemployed workers and small businesses. Get the Full Story Complete...

READ MORE >
US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
May 04, 2020  |  Debt

To fight the coronavirus pandemic, the U.S. government said it is planning to borrow $2.99 trillion in the second quarter this year, a record number,...

READ MORE >
Another 3.8 Million Americans File Jobless Claims, Bringing COVID Total Above 30 Million
Another 3.8 Million Americans File Jobless Claims, Bringing COVID Total Above 30 Million
April 30, 2020  |  Coronavirus

COVID-19 continues to take its toll on the nation’s economy, as another 3.8 million Americans filed for jobless claims week ended April 25, the U.S....

READ MORE >