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IDES extends unemployment benefits

[ABC NEWS] The Illinois Department of Employment Security (IDES) is extending the state’s unemployment benefits. Typically unemployed residents seeking benefits are allowed to get unemployment benefits for up to 26 weeks. That was extended to an additional 13 weeks. Now, residents will get an additional seven weeks, for a total […]

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Lots of companies are saying they have ‘operating leverage’ — that’s just code for firing people

[CNBC, GETTY IMAGES] KEY POINTS One reason the stock market is holding up well is because investors believe many corporations are going to fire a lot of people and replace them with technology that will make the companies more efficient and improve profits.There’s a fancy accounting term for this. It’s […]

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Almost Half of All Jobs Lost During Coronavirus May Be Gone Permanently

[The Motley Fool] Talk about a dire situation. The COVID-19 outbreak has clearly done a number of the U.S. economy, plunging it deep into a recession and sending unemployment levels skyrocketing. In fact, jobless claims reached a record high in April, and while things improved slightly in May and June, new restrictions could send […]

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10 Ways to Build a Passive Income Stream

[US NEWS, GETTY IMAGES] If you’re industrious and innovative, these strategies can get your money working for you. SO YOU’VE BEEN TRYING to think of passive income ideas. And why not? It’s practically the American dream. We all want to lie in a hammock and make money without actually doing anything. […]

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Southwest Airlines warns it may cut jobs without jump in travel

[FOX BUSINESS] A recent rise in COVID-19 has taken a toll on travel MIT analysis: Coronavirus risk nearly doubles on full flights Former Spirit Airlines CEO Ben Baldanza provides insight into an MIT study that suggests blocking the middle seat lowers the coronavirus risks. Southwest Airlines Chief Executive Gary Kelly told […]

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Unemployment benefits wiped from accounts with no explanation

[ABC NEWS] Many people receiving unemployment money from Arizona woke up Saturday to empty accounts. Friday night, the unemployment accounts of people who received their money via a Bank of America debit card were emptied. “It’s panic mode. It’s panic mode. People woke up this morning with no money,” said […]

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Texas seeks millions from unemployed workers after state ‘overpaid’ benefits

[Houston Chronicle] The state is trying to claw back tens of millions of dollars in unemployment benefits that it mistakenly paid to thousands of Texans, many of whom have already spent the money and face difficulties paying it back. The Texas Workforce Commission has sent 46,000 notices to jobless workers seeking repayment […]

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