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

Atlanta Fed Warns Recovery Could Stall As Outbreaks Surge
Atlanta Fed Warns Recovery Could Stall As Outbreaks Surge
July 07, 2020  |  Economy

The uptick in U.S. coronavirus cases could dampen the recovery of the nation’s economy, according to a Federal Reserve official. Raphael Bostic, the president of...

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Expert: Job Reports Missed Troubling Trend
Expert: Job Reports Missed Troubling Trend
July 06, 2020  |  Economy

Crossmark Global Investments, the Texas money management team, said last week’s jobs report had a giant hole in it.  Victoria Fernandez, the company’s chief market...

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Labor Secretary: $600 Unemployment Payouts No Longer Needed
Labor Secretary: $600 Unemployment Payouts No Longer Needed
July 05, 2020  |  Economy

Laid-off workers collecting federal unemployment benefits got some disappointing news from the nation’s U.S. Labor Secretary Sunday (July 5). Eugene Scalia told Fox News Sunday...

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CBO: US GDP Will Grow 12 Pct In 2020
CBO: US GDP Will Grow 12 Pct In 2020
July 02, 2020  |  Economy

For the Congressional Budget Office (CBO), the glass is half full. The federal agency that provides budget and economic information to Congress predicted as the...

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US Unemployment Rate Drops To 11 Pct; Jobless Claims Fall To 1.4M
US Unemployment Rate Drops To 11 Pct; Jobless Claims Fall To 1.4M
July 02, 2020  |  Economy

The U.S. economy added a record 4.8 million nonfarm jobs in June and the unemployment rate fell to a lower-than-expected 11.1 percent, the U.S. Labor...

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The One Employment Stat That Could Threaten The Recovery
The One Employment Stat That Could Threaten The Recovery
July 02, 2020  |  Economy

Many Americans have seen their household incomes become one of COVID-19’s many casualties, as the U.S. unemployment rate has skyrocketed and millions of workers who...

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US Jobless Rate Reportedly Surpasses 47 Pct Of Population
US Jobless Rate Reportedly Surpasses 47 Pct Of Population
June 29, 2020  |  Economy

The U.S. Department of Labor (DOL) said the nation’s unemployment rate was 13.3 percent in May, but a closer look shows that the number is...

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Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B
Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B
June 25, 2020  |  Banking

The Federal Reserve Board indicated that financial institutions (FIs) can stay strong even as they weather turbulent economic conditions, as it unveiled the results of...

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GAO: Lack Of Controls Could Cause Double Payments With PPP Loans, Unemployment Benefits
GAO: Lack Of Controls Could Cause Double Payments With PPP Loans, Unemployment Benefits
June 25, 2020  |  Coronavirus

Federal agencies lack controls to ensure that Americans aren’t collecting unemployment while also getting paid by companies utilizing Paycheck Protection Program (PPP) loans, the U.S....

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