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 Says Recovery Could Be The Fastest In History
Goldman Says Recovery Could Be The Fastest In History
March 31, 2020  |  Coronavirus

New Goldman Sachs projections on how the coronavirus pandemic will play out in the U.S. say unemployment will hit 15 percent — but there will be...

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Steve Mnuchin: Stimulus Money Should Hit Within 3 Weeks
Steve Mnuchin: Stimulus Money Should Hit Within 3 Weeks
March 29, 2020  |  Economy

As the coronavirus spreads throughout the United States, Treasury Secretary Steve Mnuchin told “Face the Nation” Sunday (March 29) that Americans should be receiving $1,200...

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US Spending Slows, Consumer Sentiment Hits Record Low
US Spending Slows, Consumer Sentiment Hits Record Low
March 27, 2020  |  Economy

Consumer sentiment in the U.S. is down to a three-and-a-half-year low due to the effects of the coronavirus and social distancing measures, and consumer spending...

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Today In Payments: Olympics Delay To Spark Marathon To Recoup Sunk Costs; FinTech Veteran Dan Henry Tapped To Lead Green Dot
Today In Payments: Olympics Delay To Spark Marathon To Recoup Sunk Costs; FinTech Veteran Dan...
March 26, 2020  |  News

In today’s top payments news, postponement of the Olympics due to the coronavirus pandemic has resulted in the loss of billions of dollars, and branchless...

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Unemployment Figures Set The Wrong Type Of Record
Unemployment Figures Set The Wrong Type Of Record
March 26, 2020  |  Economy

Oh what a difference six months can make.  A half a year ago the unemployment rate was making the headlines for the “right” reasons.  In...

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COVID-19 Triggers Record-Breaking Spike In US Unemployment Claims
COVID-19 Triggers Record-Breaking Spike In US Unemployment Claims
March 26, 2020  |  Coronavirus

A record 3.28 million people claimed U.S. unemployment benefits last week as the coronavirus continued to make its way throughout much of the world, shuttering...

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US Jobless Claims Expected To Be Highest Ever
US Jobless Claims Expected To Be Highest Ever
March 25, 2020  |  Coronavirus

The initial jobless claims report to be released Thursday (March 26) is predicted to show that due to the coronavirus pandemic, the largest number of Americans...

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Goldman, Morgan Stanley Predict COVID-19 Will Trigger Economic Devastation 
Goldman, Morgan Stanley Predict COVID-19 Will Trigger Economic Devastation 
March 23, 2020  |  Coronavirus

Economists at Morgan Stanley and Goldman Sachs Group are warning that the coronavirus will be more economically devastating than originally forecasted, according to a Sunday...

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Dems, GOP Divided As Coronavirus Stimulus Package Fails Senate
Dems, GOP Divided As Coronavirus Stimulus Package Fails Senate
March 23, 2020  |  Coronavirus

A procedural vote to advance the estimated $1.3 trillion coronavirus stimulus package failed the Senate 47-47, lacking the 60 votes needed, according to a Sunday...

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