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

IMF Upgrades GDP Forecast To -4.4 Pct Growth
IMF Upgrades GDP Forecast To -4.4 Pct Growth
October 13, 2020  |  Economy

The International Monetary Fund has upgraded its global real gross domestic product (GDP) forecast for 2020 to -4.4 percent in October from -5.2 percent in...

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Rogue State Employees Join Cyberthieves In Stealing Jobless Benefits
Rogue State Employees Join Cyberthieves In Stealing Jobless Benefits
October 13, 2020  |  Security & Fraud

Insider fraud is emerging as yet another threat to the nation’s unemployment insurance (UI) program, already under siege as cybercriminals and criminal gangs make away...

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US Jobless Claims Remain Historically High At 840,000
US Jobless Claims Remain Historically High At 840,000
October 08, 2020  |  Economy

Jobless claims continued to be below 1 million last week, but so far have failed to slip under 800,000 since the start of the pandemic,...

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Report: Wells Fargo Slashes 700 Jobs
Report: Wells Fargo Slashes 700 Jobs
October 07, 2020  |  Personnel

Wells Fargo & Co. has eliminated more than 700 jobs in commercial banking, kicking off a series of cuts that eventually could number in the...

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Permanent US Job Losses Over Last 6 Months Rose Fastest In 50 Years
Permanent US Job Losses Over Last 6 Months Rose Fastest In 50 Years
October 04, 2020  |  Economy

As the pandemic continues, so does the lagging economy — and a spate of now permanent layoffs, CNN reported. In the past six months, the...

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Lack Of Federal Aid Could Contribute To More Layoffs
Lack Of Federal Aid Could Contribute To More Layoffs
October 02, 2020  |  Economy

The inability of lawmakers and the White House to pass a new stimulus relief package has fueled layoffs as companies say they can’t afford payroll,...

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US Jobless Claims Fall To 837,000 But Remain At Historically High Levels
US Jobless Claims Fall To 837,000 But Remain At Historically High Levels
October 01, 2020  |  Economy

The number of Americans who applied for jobless benefits fell slightly last week as the nation’s employers continue to cut large numbers of workers amid...

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Another 870,000 Americans File Jobless Claims
Another 870,000 Americans File Jobless Claims
September 24, 2020  |  Economy

The U.S. Department of Labor (DOL) reported on Thursday (Sept. 24) that the number of Americans who filed for jobless claims in the week ended...

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California Freezes Jobless Claims As Anti-Fraud Efforts Trigger Massive Backlog
California Freezes Jobless Claims As Anti-Fraud Efforts Trigger Massive Backlog
September 21, 2020  |  Security & Fraud

California is putting all new unemployment benefits claims on hold for the next two weeks as it tries to sort out an epic backlog affecting...

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