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

PPP Loan Program’s Flaw: It Pays To Be Jobless
PPP Loan Program’s Flaw: It Pays To Be Jobless
May 05, 2020  |  SMBs

The $2.2 trillion CARES Act passed by Congress last month brought good news for the unemployed workers and small businesses. For anyone collecting unemployment insurance,...

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US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
May 04, 2020  |  Debt

To fight the coronavirus pandemic, the U.S. government said it is planning to borrow $2.99 trillion in the second quarter this year, a record number,...

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Another 3.8 Million Americans File Jobless Claims, Bringing COVID Total Above 30 Million
Another 3.8 Million Americans File Jobless Claims, Bringing COVID Total Above 30 Million
April 30, 2020  |  Coronavirus

COVID-19 continues to take its toll on the nation’s economy, as another 3.8 million Americans filed for jobless claims week ended April 25, the U.S....

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New GDP Report Likely to Show Country Sinking Into Recession
New GDP Report Likely to Show Country Sinking Into Recession
April 29, 2020  |  Economy

The Commerce Department is expected to issue a report on Wednesday (April 29) with estimates of a minimum decrease of 5 percent in the gross...

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TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel
TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel
April 28, 2020  |  Coronavirus

TripAdvisor is further cutting staff after already doing so earlier this year, with the coronavirus’s crippling blow crushing the travel business, according to a report...

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Consumer Confidence Plunged In April
Consumer Confidence Plunged In April
April 28, 2020  |  Consumer Insights

Indicators say the coronavirus pandemic devastated consumer’s confidence in April as business and labor market conditions declined. The Conference Board Consumer Confidence Index fell in...

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States Show Mixed Results Getting Extra $600-A-Week COVID Jobless Benefits Out
States Show Mixed Results Getting Extra $600-A-Week COVID Jobless Benefits Out
April 28, 2020  |  Coronavirus

The $600 a week in extra COVID-19 unemployment benefits that many laid-off U.S. workers have been expecting are showing up unevenly. Connecticut Gov. Ned Lamont...

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Today In Payments: Amazon Trials Video Onboarding For New Merchants; Hospitals Face Cash Crunch
Today In Payments: Amazon Trials Video Onboarding For New Merchants; Hospitals Face Cash Crunch
April 27, 2020  |  News

In today’s top news, Amazon is trialing video onboarding calls to prevent merchant fraud, and hospitals face major financial hardship amid the coronavirus pandemic. Plus,...

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WH Economic Adviser Hassett Expects US Jobless Rate To Climb To 16 Pct
WH Economic Adviser Hassett Expects US Jobless Rate To Climb To 16 Pct
April 26, 2020  |  Economy

The U.S. economy could face a historic shock amid the coronavirus pandemic, with a possible 16 percent unemployment rate, hitting levels aligned with the Great...

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