Unemployment

Around 900,000 workers filed for initial jobless claims last week, the U.S. Department of Labor said.

Trump has the worst jobs record of any president since Herbert Hoover in 1933.

Following a year of records the U.S. would rather forget, the stock market is about to set one that bodes well for the economic future—the best election-to inauguration day return for a first-term president since World War II.

The proposed coronavirus relief package includes around $1 trillion in direct relief to American families.

Initial jobless claims increased to 965,000 last week amid a sharp increase in the number of new COVID-19 cases and a record number of daily deaths. it won't be before 2023 that the 22 million jobs lost (in March and April 2020) are regained.

It took Congress less than a month to pass legislation giving a $700 billion bailout to bank executives during the financial crisis. Lawmakers have spent eight months mulling the far less expensive stimulus bill.

The Michigan governor said Tuesday the proposed funds would have been used as a "tax break" for big businesses.

Trump's delay in signing the bill means it will take a few days for government agencies and states to organize, shrinking the bonus unemployment benefit window from 11 weeks to 10, at a loss of $300 per job seeker.

Gig-workers, freelancers and as well as long-term unemployed to lose benefits as Trump refuses to sign $900 billion relief package.

The president-elect warned about the possibilities of unemployment benefits expiring as well as the economic impact that blocking the bill could have for small businesses.

House Republicans have blocked the Democrats' effort to raise the stimulus checks to $2,000 in line with the president's demand.

The new economic relief package will total about $900 billion—less than half the amount Democrats had hoped for and nearly double the amount Senate Republican leaders had backed.

U.S. Census Bureau data suggest that over 35 percent of American adults are "living in households not current on rent or mortgage where eviction or foreclosure in the next two months is either very likely or somewhat likely."

Andrea Gervais allegedly scored thousands of dollars by using Senator Dianne Feinstein's name.

The Federal Reserve plans to keep interest rates low for the foreseeable future, even if the economy recovers sooner than expected from the COVID19 slump. The decision to keep interest rates low is good news for homebuyers shopping for a low mortgage rate, but bad news for small savers.

"This will likely get passed before we go home this weekend," Senator Steve Daines of Montana said.

Lawmakers have been at an impasse since summer over a new round of financial stimulus, as the economic fallout of the COVID-19 pandemic persists.

In a misstep from the state's Employment Development Department, the Bank of America reports $2 billion in unemployment funds have been stolen by fraudsters. Last month, for instance, the EDD said the state approved $140 million to inmates who fraudulently applied for benefits.

"God bless the 'Fundraiser of Flavortown,' shame on every single one of our government 'leaders' who have failed them," reads one tweet praising the celebrity chef.

These last-minute steps can save you a bundle on taxes and healthcare and set you up for a financially better 2021—no matter what Congress does or when it acts on pandemic economic relief.

One man, Pierre Casseos, told reporters that he slept out overnight on a milk crate in order to avoid missing out.

The Senate Majority Leader is holding out for a $550 billion version of his previous GOP proposal, but the new unemployment report has given Democrats and economists further ammunition to demand he accept a bipartisan deal.

A new report revealed the number of Americans out of work in the long term rose by 385,000 in November.

"We've got to do something and we've put forward a good faith effort to make that happen," Senator Angus King said.

Gig workers and self-employed individuals who did not suffer job losses directly related to the coronavrius pandemic will be issued overpayments from the state's department of labor.

The Government Accountability Office said backlogs inflated unemployment numbers during the coronavirus pandemic.

"What I'm worried about is there are millions of Americans out there at risk of falling into this chasm where they don't have sufficient support," Peter Navarro said.

More than $140 million in benefits was paid to around 20,000 California state inmates between March and August, prosecutors said.

Investigations have so far uncovered more than $400,000 in benefits paid to death row inmates, and more than $140 million given to other incarcerated people in California.

The CARES Act was signed by the president nearly 8 months ago, with no further stimulus package having yet been agreed.