The number of people seeking U.S. unemployment aid rose slightly last week to 870,000.
The financial sector was hit hard Monday following a report alleging that a number of banks have continued to profit from illicit dealings with disreputable people and criminal networks.
When 20-year-old Sebastian Alvarez opened a recording studio last spring, he couldn’t have anticipated that a pandemic would halt his business before it could get off the ground. But upon approval for unemployment insurance, he found himself in another unforeseeable situation—he couldn’t access any funds, because someone allegedly purchased his social security number, and was using his identity to collect benefits.
U.S. equity markets were sharply lower Monday as investors weighed the possibility of more coronavirus shutdowns in Europe and uncertainty surrounding the U.S. election.
On Friday, the IRS announced that it will mail letters to people who did not file a return for either 2018 or 2019, but still may qualify for an Economic Impact Payment.
San Francisco announced the Abundant Birth Project, which will pay $1,000 a month to Black and Pacific Islander women who are pregnant or recently gave birth.
Despite already being overwhelmed by the pandemic and the recession, the EDD is offering assistance to people made jobless by the wildfires.
The EDD announced that those who qualify for the additional $300 weekly unemployment benefit, initially presented as a 3-week benefit, will get payments for 2 additional weeks.
According to a study done by the Pew Research Center, 52% of young adults have been forced to move back in with their parents or with another person due to the economic and financial impacts of the COVID-19 pandemic.
California assemblymembers approved an emergency audit of the Employment Development Department Thursday to address backlogged claims, call center operations and “efficiencies.”
In Santa Clara County, salons, barbershops, and malls are allowing customers inside. Next week, the county may get the green light from the state to resume more indoor operations.
FedEx plans to hire as many as 70,000 seasonal workers. That's a 27 percent increase from the 55,000 hired last year.
The number of laid-off Americans applying for unemployment benefits fell to roughly 880,000 last week.
Gov. Newsom announced a new approach to how California counties may qualify to reopen businesses and activities that have been forbidden during the coronavirus pandemic.
New data about San Francisco's world-renowned dining scene shows that the industry is starving for customers. Sales in high-end restaurants to hole-in-the-wall eateries have fallen by 91% during the coronavirus pandemic, according to the city's Chamber of Commerce.
The change means the Fed is prepared to tolerate a higher level of inflation than it generally has in the past.
Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime collapse.
The damage inflicted to the jobs market is expected to persist for years, IRS projections show.
The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.
The iPhone maker reached the $2 trillion milestone in Wednesday's early stock market trading when its shares surpassed $467.77.