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

Fed Expects 6.5 Pct Drop In GDP This Year

Fed Expects 6.5 Pct Drop In GDP This Year
Fed Expects 6.5 Pct Drop In GDP This Year
June 10, 2020  |  Economy

The Federal Reserve Board and the Federal Open Market Committee (FOMC) have released economic projections for the next few years, showing that the gross domestic...

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Discover: 80 Pct Of Cardholders In Forbearance Paid On Accounts
Discover: 80 Pct Of Cardholders In Forbearance Paid On Accounts
June 10, 2020  |  Payment Methods

Roger Hochschild, chief executive officer for Discover, said most of their customers no longer have trouble with making payments, Bloomberg reported. “Of the customers no...

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Behind The Euphoric May Jobs Report Are Some Troubling Signs
Behind The Euphoric May Jobs Report Are Some Troubling Signs
June 08, 2020  |  Economy

After the euphoria, perhaps a reckoning. We’ve had a weekend to digest the surprisingly strong jobs report data that debuted on Friday, where the Bureau...

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Debt Issuance And Layoffs Point To Headwinds For Labor Market?
Debt Issuance And Layoffs Point To Headwinds For Labor Market?
June 05, 2020  |  Economy

Issue debt, raise funds, lay off workers. Repeat? On a day where the Labor Department reported that the U.S. economy saw historic job gains, Bloomberg...

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Today In Payments: Amazon’s PayFort To Boost Middle East Startups; Next Economic Stimulus Package Could Hit $1T
Today In Payments: Amazon’s PayFort To Boost Middle East Startups; Next Economic Stimulus Package Could...
June 05, 2020  |  News

In today’s top news, Amazon is looking at buying a stake in India’s Bharti Airtel, and the Trump administration expects the next round of stimulus...

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Strong May US Jobs Report Could Show The Worst Is Over For Hardest-Hit Sectors
Strong May US Jobs Report Could Show The Worst Is Over For Hardest-Hit Sectors
June 05, 2020  |  Economy

Will we look back at today as the turning point in the battle against the pandemic — not in terms of vaccines or flattened curves,...

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Surprise: US Jobless Rate Falls To 13.3 Pct
Surprise: US Jobless Rate Falls To 13.3 Pct
June 05, 2020  |  Economy

In a surprising jobless report, the nation’s unemployment rate fell to 13.3 percent in May as some jobs returned amid a partial reopening of the...

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Survey: 56 Pct Of Undergraduates Can’t Afford College Tuition
Survey: 56 Pct Of Undergraduates Can’t Afford College Tuition
June 04, 2020  |  Economy

More than half of college students say they can’t afford tuition, as the coronavirus crisis has taken a toll on many families’ ability to pay for...

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