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 Household Net Worth Drops Record 6.5 Pct In Q1

June 14, 2020 | Economy

Stimulus payments to taxpayers totaling $267 billion was not enough to avoid a decline in household net worth in the first quarter on 2020, the...

Another 1.5M Americans File For Unemployment As Pandemic’s Job Losses Top 44M

June 11, 2020 | Economy

Another 1.5 million Americans applied for unemployment benefits over the past week, bringing the total jobs lost since the pandemic began to more than 44 million —...

Mnuchin: PPP Kept ‘Tens Of Millions’ Employed

June 10, 2020 | Economy

The Paycheck Protection Program (PPP) has supported over three-quarters of the small- to medium-sized business (SMB) payroll in 50 states, Treasury Secretary Steven Mnuchin said...

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...

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. Get the Full Story...