Amid the all-time high of more than three million people who applied for unemployment insurance last week, Congress and the Trump administration plan to provide recipients with an extra $600 per week for up to four months.
"The question is, is it going to be short? Or is it going to be elongated?" Mike Wilson asked.
The Department of Labor revealed that initial jobless claims rose by 3.3 million last week as business were shut down by the coronavirus pandemic.
In normal times, getting laid off is stressful. But now, amid the coronavirus pandemic, it's a nightmare. These steps will help ease the financial strain, from navigating unemployment benefits to getting a break from creditors.
"We just passed the one million mark, in terms of the number of claims, just since March 13," Governor Newsom said Wednesday.
"In addition to federal action, lawmakers at the state and local level must do everything they can to ensure that these workers and their families do not suffer economically during this time," the EPI researchers noted.
"It depends very much on the person's level of earnings," one labor economist said. "Your income over the past year is the basis of the size of the payment."
The state recorded more than 21,000 initial claims on Monday, almost 20,000 more than the same day last year.
More than 280,000 Americans filed for unemployment benefits last week—a 33 percent spike from the previous week.
The CUNY Graduate School of Public Health & Health Policy survey shows how unemployment is affecting NYC's residents.
Lieutenant Governor Jon Husted told reporters that a spike in unemployment had caused an issue with a website for jobless claims.
"As recession forecasts proliferate, it's not necessarily true that all areas will be hit equally hard," a new analysis by the Brookings Institution noted.
The U.S. economy is on the cusp of a deep recession as millions of workers are laid off because of the coronavirus crisis.
In Virginia, one struggling restaurant owner faces losing his business because of the coronavirus pandemic, but he is doing what he can to help the staff he had to lay off.
"New legislation will likely expand eligibility dramatically, so people who don't think they qualify right now, double-check," said Michele Evermore of the National Employment Law Project.
"Two weeks ago, we probably would not have believed we were going to be in this situation," Jeff Donofrio, director of Michigan's Department of Labor, said.
An economist at the investment bank said consumer spending on several goods and services had dropped dramatically.
The unemployment website in New York has been crashing, while unemployment claims in Ohio have already surged 14 times higher than last week.
The coronavirus pandemic is triggering job losses and 1 million people could be laid off in April alone, a former White House economist warned.
The eldest son of the civil rights activist said the African American community would exist in "a different way" if it was as well off as the president suggested.
Each year, some 70,000 people in the U.S. survive being shot.
The 2019 U.S. federal deficit increased 26 percent over 2018 and has more than doubled since 2015, the Treasury Department said Friday.
There is a 35 percent chance that President Donald Trump escalates his trade war with China and others, Moody's Analytics says.
We want the Real Deal—a guy who fights for America and provides strong economy and record-low unemployment, not sophisticated vocabulary. Don't you?
"We're starting to get to the point where wage gains are accelerating faster than college tuition," said a study from the National Association of Colleges and Employers.
The median black family owns only 2 percent of the $147,000 owned by the median white family. Black and Latino unemployment hit historic lows in 2018, but this is not enough to close the enormous gaps in wealth.
President was compared to Marie-Antoinette after telling man finding a job was easy.