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

Study Shows Americans Struggling As Savings Dry Up

Study Shows Americans Struggling As Savings Dry Up
Study Shows Americans Struggling As Savings Dry Up
October 16, 2020  |  Economy

Seven months into the worldwide pandemic, Americans are facing empty savings accounts, reduced unemployment benefits and no relief in sight, according to an Oct. 16...

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US Jobless Claims Rise By 53,000 To Hit 898,000
US Jobless Claims Rise By 53,000 To Hit 898,000
October 15, 2020  |  Economy

Jobless claims in the week ending Oct. 10 increased to 898,000, up 53,000 from the previous week’s number, which was revised to 845,000 from the...

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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. Get the Full Story Complete 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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