Two leading executives in the store credit card industry said they are nervous that when the federal $600-a-week bump for recipients of state unemployment benefits winds down July 31, pending Congressional action, credit card payments will decline substantially. “People got forbearance on credit cards, mortgages...
According to a recent National Bureau of Economic Research (NBER) survey, two-thirds of unemployed workers in the U.S. after the CARES Act could have received compensation that was better than what they earned at their previous jobs, with one-fifth also receiving almost double what they...
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 — or some 28 percent of the nation’s workforce. For the week ending June 6, seasonally adjusted initial unemployment claims were 1.5 million. However,...
The unemployment check is in the mail … or perhaps it’s even not on its way yet. Bloomberg reported on Tuesday (June 2) that a significant amount of unemployment benefits — roughly a third of them — have yet to be paid out. It seems...
November 20, 2022
Unemployment compensation in the U.S. jumped by 1,794% between 2019 and 2020 as Americans were hit by a wave of layoffs during the COVID-19 pandemic. That’s according to a report by the Internal Revenue Service showing that unemployment compensation rose to $405 billion in 2020, compared to $21.9 billion in 2019. Meanwhile, total incomes rose […]
July 27, 2020
Two leading executives in the store credit card industry said they are nervous that when the federal $600-a-week bump for recipients of state unemployment benefits winds down July 31, pending...
July 08, 2020
According to a recent National Bureau of Economic Research (NBER) survey, two-thirds of unemployed workers in the U.S. after the CARES Act could have received compensation that was better than...
June 11, 2020
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 — or some 28 percent of...
