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

1.8M Americans File Unemployment Claims As Pandemic’s Total Tops 42M

1.8M Americans File Unemployment Claims As Pandemic’s Total Tops 42M
1.8M Americans File Unemployment Claims As Pandemic’s Total Tops 42M
June 04, 2020  |  Economy

Nearly 1.9 million Americans filed for unemployment benefits last week, as the number of workers seeking assistance since the coronavirus pandemic began in mid-March topped...

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Amex CFO Sounds Alarm Over Post-Lockdown Furloughs
Amex CFO Sounds Alarm Over Post-Lockdown Furloughs
June 03, 2020  |  Economy

A top American Express executive sees trouble on the horizon for the economy as the effects of the COVID-19 recession continue to devastate. Chief Financial...

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Moody’s Economist: ‘The COVID-19 Recession Is Over’
Moody’s Economist: ‘The COVID-19 Recession Is Over’
June 03, 2020  |  Economy

While companies cut nearly 2.8 million jobs last month, Mark Zandi, chief economist at Moody’s Analytics, said it was far less than forecast and the...

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Trump Considers Next Stimulus
Trump Considers Next Stimulus
June 02, 2020  |  Economy

President Donald Trump will meet with senior advisors this week to discuss the possibilities of another pandemic-related stimulus package, this time with a focus on...

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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  |  Retail

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. The...

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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  |  Cybersecurity

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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