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

Goldman Sachs: Unemployment Could Remain High For Next 2 Years

Goldman Sachs: Unemployment Could Remain High For Next 2 Years
Goldman Sachs: Unemployment Could Remain High For Next 2 Years
May 27, 2020  |  Economy

High unemployment could remain a constant for the next two years as people struggle to find jobs, according to Goldman Sachs. Get the Full Story...

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Related Co Chair: Many SMB Retail, Restaurants ‘Don’t Have The Wherewithal To Reopen’
Related Co Chair: Many SMB Retail, Restaurants ‘Don’t Have The Wherewithal To Reopen’
May 27, 2020  |  Retail

Stephen Ross, chairman of Related Cos., said bankruptcy could be the future for many retailers as the effects of the pandemic continue to play out....

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Uber, Lyft Drivers File Unemployment Lawsuit In NY
Uber, Lyft Drivers File Unemployment Lawsuit In NY
May 26, 2020  |  Legal & Regulation

Four Uber and Lyft drivers are suing the state of New York over what they say is a failure to pay their unemployment during the...

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US Economy Shows Signs Of Restart As Shutdowns End
US Economy Shows Signs Of Restart As Shutdowns End
May 26, 2020  |  Economy

Economists are beginning to forecast that the worst damage of the coronavirus pandemic is over, according to The Wall Street Journal on Monday (May 25),...

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A Month Into Reopening And Georgia Jobs Have Yet To Return
A Month Into Reopening And Georgia Jobs Have Yet To Return
May 25, 2020  |  Economy

Two out of five people in Georgia — 40.3 percent of its workforce — have filed for unemployment since the state reopened its economy on...

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JPMorgan Chase Forecasts Minimum 10 Pct Unemployment Up To Q1 2021
JPMorgan Chase Forecasts Minimum 10 Pct Unemployment Up To Q1 2021
May 22, 2020  |  Economy

As they lowered their 2021 growth outlook and forecast an unemployment rate at 10 percent at a minimum through the first quarter of that year,...

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Data Breaches Impact Unemployment Benefit Applicants In Four States
Data Breaches Impact Unemployment Benefit Applicants In Four States
May 22, 2020  |  Cybersecurity

Unemployed workers in at least four states who are coping with layoffs from the impact of the coronavirus now have another worry, NBC News reported....

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China Drops GDP Target Due To Economic Instability
China Drops GDP Target Due To Economic Instability
May 22, 2020  |  Cross-border Payments

The world’s second-largest economy is opting not to set any economic growth forecasts due to the continued economic uncertainty triggered by the global coronavirus pandemic....

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