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

Most Consumers Think COVID Will Last 2.25 Times Longer Than Their Cash
Most Consumers Think COVID Will Last 2.25 Times Longer Than Their Cash
April 07, 2020  |  Economy

Before the COVID-19 pandemic, the standard narrative goes, the U.S. economy was running full steam ahead, with record employment levels, wages on the rise and...

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Extra Federal Benefits Ease Layoff Decisions For Employers
Extra Federal Benefits Ease Layoff Decisions For Employers
April 07, 2020  |  Coronavirus

Some employers are breathing a sigh of relief, noting that their laid-off workers are much better off financially amid the economic dive of the COVID-19...

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Fed’s Bullard Puts Positive Spin On Economy Despite Steep Job Losses
Fed’s Bullard Puts Positive Spin On Economy Despite Steep Job Losses
April 05, 2020  |  Economy

Despite the coronavirus’ rampant shifts to the U.S. economy, St. Louis Federal Reserve President James Bullard says he doesn’t think the situation is a plummeting “free...

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Global Bankers Release $500B In Capital To Facilitate Lending
Global Bankers Release $500B In Capital To Facilitate Lending
April 05, 2020  |  Loans

Financial regulators have made $500 billion in capital available for lenders around the world, which gives lenders the freedom for another $5 trillion of loans...

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The Week In Payments: What The New Normal Will Look Like When It Comes
The Week In Payments: What The New Normal Will Look Like When It Comes
April 03, 2020  |  Coronavirus

It is impossible at this point to write the week in payments (commerce, financial services and technology) without writing about COVID-19. As the United States...

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US Economy Loses 701K Jobs; Unemployment Rises To 4.4 Pct.
US Economy Loses 701K Jobs; Unemployment Rises To 4.4 Pct.
April 03, 2020  |  Economy

The nation’s hiring boom that began more than two years ago is over, a casualty of COVID-19, as the number of workers who have lost...

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Gig Workers Unemployment Benefits A Question Mark
Gig Workers Unemployment Benefits A Question Mark
April 02, 2020  |  Gig Economy

Gig economy workers, despite being included in the federal stimulus for economic recovery from the coronavirus, now face uncertainty over how they’ll get any of...

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CBO Expects GDP To Fall 7 Pct. In Q2
CBO Expects GDP To Fall 7 Pct. In Q2
April 02, 2020  |  Coronavirus

The Congressional Budget Office (CBO) is anticipating a grim second quarter this year as the economy sputters amid coronavirus-related layoffs and business closures, CBO director...

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‘Mom-and-Pop’ Landlords Lack Cash, Credit To Cover Unpaid Rents
‘Mom-and-Pop’ Landlords Lack Cash, Credit To Cover Unpaid Rents
April 02, 2020  |  Coronavirus

As millions of people lose paychecks amid the coronavirus pandemic, some 48 million renters have missed their April 1 payments, causing financial trouble for mom-and-pop...

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