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 Says Week’s Unemployment Filing Is Record High
Goldman Sachs Says Week’s Unemployment Filing Is Record High
March 20, 2020  |  Coronavirus

Goldman Sachs economists predict that 2.25 million people in the U.S. will have filed for unemployment benefits this week, which is the highest amount ever,...

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BoA Says US Economy Has Entered Recession
BoA Says US Economy Has Entered Recession
March 19, 2020  |  Economy

Bank of America (BoA) said it’s clear America has entered a recession caused by the coronavirus and its effect on the nationwide economy, according to...

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Coronavirus-Related Unemployment Filings Soar By 70K
Coronavirus-Related Unemployment Filings Soar By 70K
March 19, 2020  |  Coronavirus

Coronavirus-related unemployment filings have surged by 70,000 as people temporarily lose jobs or see hours reduced from full-time to part-time, according to a Thursday (March...

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Coronavirus Triggers Job Losses, Reduced Hours
Coronavirus Triggers Job Losses, Reduced Hours
March 19, 2020  |  Coronavirus

Millions of Americans are working from home or not working at all as businesses shutter or reduce hours in the wake of the coronavirus pandemic,...

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COVID-19 Relief 101:  What’s Passed Already, What’s Up For Debate And What’s Next
COVID-19 Relief 101: What’s Passed Already, What’s Up For Debate And What’s Next
March 19, 2020  |  Coronavirus

While the COVID-19 has been a looming and growing threat on the global stage since almost the start of the new year, for U.S. citizens,...

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Mnuchin: Economy Will Come ‘Roaring Back’
Mnuchin: Economy Will Come ‘Roaring Back’
March 18, 2020  |  Economy

U.S. Treasury Secretary Steven Mnuchin said on Wednesday (March 18) that the country won’t see Depression-like unemployment levels, walking back his previously reported comments that...

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Treasury Secretary Warns Of Depression-Like Unemployment Levels
Treasury Secretary Warns Of Depression-Like Unemployment Levels
March 18, 2020  |  Coronavirus

Treasury Secretary Steven Mnuchin said the U.S. unemployment rate could soar to 20 percent if Congress fails to pass a $1 trillion coronavirus stimulus package,...

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Today In Payments: COVID-19 Restrictions Put Half Of US Jobs At Risk; Finablr On Verge Of Collapse
Today In Payments: COVID-19 Restrictions Put Half Of US Jobs At Risk; Finablr On Verge...
March 17, 2020  |  News

In today’s top news, experts say 50 percent of people could lose their jobs due to current restrictions in place to prevent the spread of...

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COVID-19 Restrictions Put Half Of US Jobs At Risk
COVID-19 Restrictions Put Half Of US Jobs At Risk
March 17, 2020  |  Coronavirus

As the U.S. hunkers down indoors to control the spread of the coronavirus, people are starting to fret about their jobs, with experts saying some...

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