Unemployment

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.

A Financial Times global survey reveals young people are frustrated over unemployment, student loan debts, and pandemic restrictions—and seemingly uncaring older generations.

More than 782,000 people in the U.K. have lost their jobs during the pandemic and economists warn "we're not out of the woods yet".

Two recent government reports offer an apparently contradictory view of the economy: the number of first-time jobless claims is up, but consumer spending has increased for five months in a row.

The wealth of Tesla chief executive Elon Musk skyrocketed 277 percent from March to October. Meanwhile, almost 62 million Americans lost work between March 21 and September 19.

The Speaker of the House said she is "optimistic" about negotiations, noting that "we've been back and forth on all of this."

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The September jobs report issued by the U.S. Department of Labor showed the economic recovery continues, but at a slower pace.

The unemployment rate in some of the counties that swung most from Obama to Trump is better than the U.S. average.

First-time unemployment claims increased the most last week in the states of Indiana, Kansas, Illinois and Michigan, with some economists saying the U.S. economy is "running on empty."

Several states, such as New York and California, are experiencing issues with unemployment relief as many Americans pin their hopes on a second stimulus check despite the political gridlock in Congress.

If Congress passes new legislation offering COVID-19 relief, people who received $300 payments from the Lost Wages Assistance program may need to return it if the payments overlap.

Figures released this month show that 11.5 million people who lost their jobs from the coronavirus pandemic are still out of work.

A new federal jobs report found the number of permanent job losses rose by more than half a million in August.