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

Data Breaches Impact Unemployment Benefit Applicants In Four States

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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New U.S. Unemployment Claims Add Another 2.4M As Pandemic’s Total Job Losses Near 39M
New U.S. Unemployment Claims Add Another 2.4M As Pandemic’s Total Job Losses Near 39M
May 21, 2020  |  Economy

The number of workers who filed jobless claims fell slightly again last week, but the coronavirus crisis has put 38.6 million Americans on unemployment insurance...

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Feds Probe Loss Of Millions In Jobless Claims To Fraudsters
Feds Probe Loss Of Millions In Jobless Claims To Fraudsters
May 17, 2020  |  Cybersecurity

A Nigerian fraud ring is suspected by the U.S. Secret Service of siphoning hundreds of millions of dollars in unemployment payments from numerous state programs...

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Economist: 42 Pct Of Pandemic Layoffs Will Be Permanent
Economist: 42 Pct Of Pandemic Layoffs Will Be Permanent
May 15, 2020  |  Economy

A recent economic survey forecasts that 42 percent of layoffs will bring about permanent job losses. In a televised interview on CNBC, University of Chicago...

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Job Losses Mount As New Unemployment Claims Hit Nearly 3M
Job Losses Mount As New Unemployment Claims Hit Nearly 3M
May 14, 2020  |  Economy

People are continuing to file for unemployment benefits as job losses continue to mount amid the coronavirus pandemic, which is upending the economy and everyday...

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Goldman: US Unemployment Rate Could Hit 25 Pct
Goldman: US Unemployment Rate Could Hit 25 Pct
May 14, 2020  |  Economy

Goldman Sachs’ forecast for the nation’s unemployment rate rose by 10 percent, as the bank now predicts at least a 25 percent unemployment rate due...

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Fed’s Powell Expects Substantial Recovery Post-COVID
Fed’s Powell Expects Substantial Recovery Post-COVID
May 13, 2020  |  Economy

Federal Reserve Board Chairman Jerome Powell said that while Washington’s nearly $3 trillion economic response to the coronavirus is on target, it will likely not...

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