Unemployment
$600 Unemployment Benefit End Date is Sooner Than You Think
The CARES Act that has seen unemployed Americans received an enhanced benefit of $600 a week will expire at the end of July—but payments will end sooner.
Americans Can Lose Up to 70% of Their Incomes If Unemployment Aid Ends
"Families are going to face high rates of eviction, homelessness, food insecurity, hunger," Indivar Dutta-Gupta said. "And the economy overall is going to see much slower progress in a recovery than otherwise."
The American Economy is in Critical Condition. Thank Trump
Trump's economic doctrine: portray your policies as helping David, but actually employ them to pump up Goliath.
Maryland Discovers a Half-Billion Dollars in Unemployment Insurance Fraud
State officials are working with the U.S. Attorney's Office and the U.S. Department of Labor to see if similar schemes are happening in other states.
The Central Talking Point About the Next Stimulus Bill Is Wrong
The belief that most people receiving stimulus payments are financially incentivized to stay home is true only if you look at salaries alone—and ignore benefits.
Jobless Claims Remain Over Twice as High as Worst Week of Great Recession
"We are reaching the levels of unemployment which are likely to persist until a more true reopening can occur," said Jamie Cox, managing partner for Harris Financial Group.
Eric Trump Calls Unemployment Report Positive After 1.3 Million More Claims
The president's son pointed to a decline in jobless claims, despite the total still being upward of 1 million.
Alleged Unemployment Benefit Fraudsters Claim Over $1 million
Eight individuals are accused of creating bogus companies such as Charm Boutique and Infinite Cleaning to swindle California out of unemployment benefit money.
Nearly Half of U.S. Households' Income Declined Due to COVID-19
"What is most striking is the widespread impact on household income from the pandemic," Greg McBride of Bankrate told Newsweek.
These States Fall Behind in Administering Unemployment Help During Pandemic
Even after receiving initial unemployment claims, some states have been slow in sending out financial assistance.
Cafe Rouge and Bella Italia Owner to Close Over 1/3rd of Outlets
1,900 jobs are set to be axed, with most of the closures affecting the Cafe Rouge and Bella Italia chains.
Second Stimulus Check Being 'Seriously Considered' as Unemployment Drops
"We're very focused on, as part of the next CARES Act, we're going to seriously consider whether we need to put more payments and direct payments," said Treasury Secretary Steven Mnuchin.
Extra $600 Unemployment Benefits to End 1 Week Early, Labor Department Says
The Labor Department said a technicality may cause many Americans to have their $600 of weekly unemployment benefits cut off one week early at the end of July.
Many Yelp Business Closures Are Permanent, Denting Hopes of Sharp Recovery
While some economists are optimistic about a V-shaped recovery, millions of Americans continue to file new jobless claims, a big chunk of business closures are permanent, and COVID-19 cases are spiking in some areas.
Unemployment by Industry Shows the Long Road Ahead
Many workers in businesses and industries across the country are still out of work and awaiting a rehiring spree from their former employer that may not come.
New Stimulus Will Help Businesses, Not Individuals: White House Adviser
White House economic adviser Larry Kudlow said a second stimulus package will not come until after July and will focus on small businesses and investors.
New Jobless Claims Remain Over Seven Times Higher Than Before Pandemic
"The United States is still in the throes of a major, ongoing joblessness crisis," Andrew Stettner of the Century Foundation said.
Employees Who Return to Part-Time Work May Still Collect Some Unemployment
Workers who are recalled part-time may be able to still receive at least half of their state unemployment stipend but it may depend on where you live.
Two-Thirds of Jobless Workers Make More Unemployed Than They Did Working
University of Chicago researchers suggested lawmakers avoid adding a fixed-dollar supplement to unemployment benefits for the next economic relief package.
WH Adviser Calls Extra Unemployment Benefit 'a Disincentive' to Work
"It's better than their salaries," Larry Kudlow said.
Not CARING About Fraud
The CARES Act coronavirus relief law has unintentionally abetted fraud.
Does America Still Have Courage?
America is in a better shape than the doomsayers would suggest, and it's time for conservatives to start acting like it.
Oregon Man Receives 37 Unemployment Benefits Checks Worth Over $14,000
Multiple people in the state could have been overpaid, according to the Oregon Employment Department.
Unemployment Rate Would Have Risen in May If Furloughed Were Included
Approximately 4.9 million furloughed workers were misclassified as employed, according to the Bureau of Labor Statistics.
U.S. Unemployment Rate Falls Despite Pandemic—But Not for Blacks and Asians
The U.S. Bureau of Labor Statistics has released updated figures, showing overall unemployment at 13.3 percent.
Unemployed Workers Could Still Get Extra Money in GOP's Next Stimulus Plan
Though they initially gave the cold shoulder to the idea of extending the $600 per week bonus past its July 31 deadline, Senate Republicans are warming to the idea of stretching the extra payout period while reducing the benefit.
The Back-to-Work Bonus Is a Bad Idea. Do the Payroll Tax Holiday Instead
Outside Washington, the argument that the answer to the problems created by subsidizing unemployment lies in a program to subsidize re-employment would be met with silent stares—and justifiably so.
Majority of Americans Want $600 Unemployment Benefits Extended, Poll Says
A new poll shows 58 percent of Americans support extending $600 weekly unemployment payments past July, but top Republicans have said an extension is unlikely.
Restaurant Owner Says Employees Won't Come Back to Work
Giorgio Pierangeli said only around half of the staff at his restaurant, The Local Table, agreed to come back to work after Ventura County said restaurants could resume dine-in services.
New Stimulus Bill Could Give $4,000 Tax Credit to Unemployed Americans
If passed, the bill, introduced by Senators Amy Klobuchar of Minnesota and Ben Sasse of Nebraska, would provide Americans unemployed due to the pandemic with a $4,000 tax credit to use on training programs so they can have a competitive edge in the post-pandemic workforce.