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

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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Another 1.5M Americans File For Unemployment, But Durable Goods Orders Rebound
Another 1.5M Americans File For Unemployment, But Durable Goods Orders Rebound
June 25, 2020  |  Economy

The nation’s economic numbers were a mixed bag Thursday (June 25) with a higher-than-expected 1.5 million Americans filing jobless claims while durable goods orders rose...

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US Jobless Claims Down, But Still Above 1.5M 
US Jobless Claims Down, But Still Above 1.5M 
June 18, 2020  |  Economy

Unemployment claims fell slightly to 1.5 million last week, the 11th consecutive week the jobless numbers have declined, but higher than economists expected, according to...

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Powell: US Faces Long-Term Damage As Downturn Persists
Powell: US Faces Long-Term Damage As Downturn Persists
June 16, 2020  |  Economy

Federal Reserve Chair Jerome Powell said Tuesday (June 16) that the economy under the pandemic has continued to cause pain to American citizens despite the appearance...

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Idaho Offers Cash Bonuses To Entice Wary Workers Back
Idaho Offers Cash Bonuses To Entice Wary Workers Back
June 16, 2020  |  Economy

Idaho is betting cash bonuses will be enough to lure workers back to their jobs amid coronavirus anxiety and untypically generous unemployment benefits. Idaho officials...

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Kudlow Slams $600-A-Week Extra Jobless Benefits, Says Trump Might OK Back-To-Work Bonus
Kudlow Slams $600-A-Week Extra Jobless Benefits, Says Trump Might OK Back-To-Work Bonus
June 15, 2020  |  Economy

White House Economic Adviser Larry Kudlow said in a CNN interview that the $600-a-week funds that Americans receive on top of regular unemployment benefits might...

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