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 Claims Expected To Be Highest Ever
US Jobless Claims Expected To Be Highest Ever
March 25, 2020  |  Coronavirus

The initial jobless claims report to be released Thursday (March 26) is predicted to show that due to the coronavirus pandemic, the largest number of Americans...

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Goldman, Morgan Stanley Predict COVID-19 Will Trigger Economic Devastation 
Goldman, Morgan Stanley Predict COVID-19 Will Trigger Economic Devastation 
March 23, 2020  |  Coronavirus

Economists at Morgan Stanley and Goldman Sachs Group are warning that the coronavirus will be more economically devastating than originally forecasted, according to a Sunday...

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Dems, GOP Divided As Coronavirus Stimulus Package Fails Senate
Dems, GOP Divided As Coronavirus Stimulus Package Fails Senate
March 23, 2020  |  Coronavirus

A procedural vote to advance the estimated $1.3 trillion coronavirus stimulus package failed the Senate 47-47, lacking the 60 votes needed, according to a Sunday...

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US Economy Could Lose 5M Jobs In COVID-19 Fallout
US Economy Could Lose 5M Jobs In COVID-19 Fallout
March 22, 2020  |  Coronavirus

The newest estimate as to the total number of jobs that will be lost because of the coronavirus sits at around 5 million, according to...

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Goldman Sachs Says Week’s Unemployment Filing Is Record High
Goldman Sachs Says Week’s Unemployment Filing Is Record High
March 20, 2020  |  Coronavirus

Goldman Sachs economists predict that 2.25 million people in the U.S. will have filed for unemployment benefits this week, which is the highest amount ever,...

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BoA Says US Economy Has Entered Recession
BoA Says US Economy Has Entered Recession
March 19, 2020  |  Economy

Bank of America (BoA) said it’s clear America has entered a recession caused by the coronavirus and its effect on the nationwide economy, according to...

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Coronavirus-Related Unemployment Filings Soar By 70K
Coronavirus-Related Unemployment Filings Soar By 70K
March 19, 2020  |  Coronavirus

Coronavirus-related unemployment filings have surged by 70,000 as people temporarily lose jobs or see hours reduced from full-time to part-time, according to a Thursday (March...

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Coronavirus Triggers Job Losses, Reduced Hours
Coronavirus Triggers Job Losses, Reduced Hours
March 19, 2020  |  Coronavirus

Millions of Americans are working from home or not working at all as businesses shutter or reduce hours in the wake of the coronavirus pandemic,...

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COVID-19 Relief 101:  What’s Passed Already, What’s Up For Debate And What’s Next
COVID-19 Relief 101: What’s Passed Already, What’s Up For Debate And What’s Next
March 19, 2020  |  Coronavirus

While the COVID-19 has been a looming and growing threat on the global stage since almost the start of the new year, for U.S. citizens,...

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