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

Fed Expects 6.5 Pct Drop In GDP This Year
Fed Expects 6.5 Pct Drop In GDP This Year
June 10, 2020  |  Economy

The Federal Reserve Board and the Federal Open Market Committee (FOMC) have released economic projections for the next few years, showing that the gross domestic...

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Discover: 80 Pct Of Cardholders In Forbearance Paid On Accounts
Discover: 80 Pct Of Cardholders In Forbearance Paid On Accounts
June 10, 2020  |  Payment Methods

Roger Hochschild, chief executive officer for Discover, said most of their customers no longer have trouble with making payments, Bloomberg reported. “Of the customers no...

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Behind The Euphoric May Jobs Report Are Some Troubling Signs
Behind The Euphoric May Jobs Report Are Some Troubling Signs
June 08, 2020  |  Economy

After the euphoria, perhaps a reckoning. We’ve had a weekend to digest the surprisingly strong jobs report data that debuted on Friday, where the Bureau...

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Debt Issuance And Layoffs Point To Headwinds For Labor Market?
Debt Issuance And Layoffs Point To Headwinds For Labor Market?
June 05, 2020  |  Economy

Issue debt, raise funds, lay off workers. Repeat? On a day where the Labor Department reported that the U.S. economy saw historic job gains, Bloomberg...

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Today In Payments: Amazon’s PayFort To Boost Middle East Startups; Next Economic Stimulus Package Could Hit $1T
Today In Payments: Amazon’s PayFort To Boost Middle East Startups; Next Economic Stimulus Package Could...
June 05, 2020  |  News

In today’s top news, Amazon is looking at buying a stake in India’s Bharti Airtel, and the Trump administration expects the next round of stimulus...

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Strong May US Jobs Report Could Show The Worst Is Over For Hardest-Hit Sectors
Strong May US Jobs Report Could Show The Worst Is Over For Hardest-Hit Sectors
June 05, 2020  |  Economy

Will we look back at today as the turning point in the battle against the pandemic — not in terms of vaccines or flattened curves,...

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Surprise: US Jobless Rate Falls To 13.3 Pct
Surprise: US Jobless Rate Falls To 13.3 Pct
June 05, 2020  |  Economy

In a surprising jobless report, the nation’s unemployment rate fell to 13.3 percent in May as some jobs returned amid a partial reopening of the...

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Survey: 56 Pct Of Undergraduates Can’t Afford College Tuition
Survey: 56 Pct Of Undergraduates Can’t Afford College Tuition
June 04, 2020  |  Economy

More than half of college students say they can’t afford tuition, as the coronavirus crisis has taken a toll on many families’ ability to pay for...

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1.8M Americans File Unemployment Claims As Pandemic’s Total Tops 42M
1.8M Americans File Unemployment Claims As Pandemic’s Total Tops 42M
June 04, 2020  |  Economy

Nearly 1.9 million Americans filed for unemployment benefits last week, as the number of workers seeking assistance since the coronavirus pandemic began in mid-March topped...

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