Federal unemployment bonus payment program expires at midnight, millions impacted
In its simplest terms, failure to renew this program will be yet another major economic disaster.
Slight decrease in California unemployment claims as numbers rise nationwide
Since March, EDD has processed 8.7 million unemployment claims, paid out $53 billion in benefits, hired thousands of new staffers, has been working seven-days-a-week, and implementing a new call center.
Extra $600 in jobless aid set to lapse as talks deadlock
“We’re so far apart on a longer-term deal right now, that even if we said ‘yes’ to a longer-term deal you could (have) weeks of negotiation without getting to common ground,” said White House chief of staff Mark Meadows.
Record economic plunge, bleak jobs numbers reveal virus toll
The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.
California minimum-wage jump to hit virus-battered companies
The Democratic governor had the authority to suspend the scheduled increase given the state's troubled economy.
Homeland Security agents have seized more than $7M in COVID-19 fraud proceeds, made 53 arrests
The agency made the announcement to mark 100 days since the April launch of Operation Stolen Promise, meant to "protect the Homeland from the increasing and evolving threat posed by COVID-19-related fraud and criminal activity."
Second stimulus check details revealed: Who is eligible?
The GOP unveiled details for a second round of direct payments to American households on Monday, in legislation that has been dubbed the HEALS Act.
Target to close stores on Thanksgiving Day, they say 'this isn't the year for crowds'
Instead, shoppers can reportedly purchase holiday deals earlier than ever, with savings starting in October and continuing throughout the season.
Pandemic shows widening divide between renters and homeowners
The country may be on the precipice of seeing the largest homeless population in the entire American experience.
Americans can determine if they are middle class with new income calculator
Pew Research Center reports that 52% of Americans are in middle-income households.
Many Americans should be getting $1,200 checks in August, Treasury Secretary says
Treasury Secretary Steve Mnuchin says that many Americans will be getting another $1,200 stimulus check in August. But, he says that the GOP is determined to cut down the $600/week in extra federal unemployment benefits that millions have been getting for months.
Unemployed workers anxious about future of extra $600 benefit
The benefits program was designed to help the estimated 25 million Americans receiving it, pay for essentials.
US new home sales jump 13.8% in June
The Commerce Department reported Friday that the June gain pushed sales of new homes to a seasonally adjusted annual rate of 776,000. The increase follows a 19.4% jump in May.
Jobless claims rise as cutoff of extra $600 benefit nears
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.
Why are coins hard to find during the pandemic?
The Federal Reserve has seen a significant decline of coins in circulation because people are not spending them as regularly at businesses, many of which are either temporarily closed or not accepting cash.
LinkedIn is laying off nearly 6% of its workforce
The outbreak has disrupted commerce globally, closing thousands of businesses while forcing others to furlough large numbers of employees as they await a recovery. Hiring has slowed dramatically.
Remote jobs during coronavirus hiring for six-figure salaries now
Remote job roles in engineering, communications and marketing are hiring at these companies during the COVID-19 pandemic.
AP FACT CHECK: Trump bends facts on virus, Biden, economy
A look at the president’s alternate reality on the virus threat, as well as his falsehoods on Democratic rival Joe Biden, the economy and the military in a “Fox News Sunday” interview:
Another 1.3 million Americans sought unemployment aid last week
The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, a historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.