Buck Bully
Business Articles
[CNBC, Getty Images] Negotiations on another Covid-19 relief bill are at an impasse. Some measures may get attached to a spending package that must pass by Dec. 11 to avert a government shutdown. Another weekly boost to unemployment benefits would most likely be part of the mix, according to unemployment […]
[Reuters] WASHINGTON (Reuters) – The number of Americans filing first-time claims for jobless benefits rose last week, likely as new business restrictions to control spiraling COVID-19 infections unleashed a fresh wave of layoffs, which could further slow the labor market recovery. The weekly unemployment claims report from the Labor Department on […]
CHICAGO (CBS)– The U.S. Department of Labor estimates 70,659 new unemployment claims were filed during the week of Nov. 2 in Illinois, according to the DOL’s weekly claims report released Thursday. While this number is based on advanced estimates, the Illinois Department of Employment Security (IDES) will be releasing a final […]
[Bloomberg, Getty Images] Systemic racism won’t be fixed with one remodeled store, but the community says it’s a step. Nearly six months after it was ransacked in the aftermath of George Floyd’s killing, the Target Corp. store in South Minneapolis is re-opening. Many parts of it will look just as […]
[CNBC, Getty Images] The CARES Act offered a $600 weekly boost to unemployment benefits from through July. Unemployed workers have seen a 50% to 100% rise in “financial fragility” as a result of the lapsing benefits, according to research. Fewer workers have been able to pay their bills on time […]
[CNBC, REUTERS] China’s economy recovered further from the coronavirus in the third quarter, according to data released Monday by the National Bureau of Statistics. The world’s second-largest economy reported third-quarter GDP growth on the low end of expectations, up 4.9% from a year ago. That brings growth for the first […]
[CNBC] First-time filings for jobless claims last week hit 898,000, above the Wall Street estimate of 830,000. That was the highest level since Aug. 22 and a sign of the ongoing struggles in the labor market. Continuing claims again fell sharply, dropping to just over 10 million American workers continued […]
[CNBC, GETTY IMAGES] Nearly 13 million Americans were unemployed in September. That’s about 7 million more workers than pre-pandemic levels. The early part of the recession was characterized by temporary layoffs, or furloughs. But permanent job loss is rising. A growing share of workers are also “long-term” unemployed, meaning they’ve […]
[Forbes, Getty Images] In our youth-obsessed culture, the devastating plight of older workers is glaringly overlooked. We are all having challenges dealing with the virus outbreak. Over the last six months, over 60 million Americans lost their jobs. The weekly jobless report from the U.S. Department of Labor released Thursday […]
[Forbes, Getty Images] Though current unemployment rates are still well above pre-pandemic levels, the labor market appears to be recovering slowly. With the future of federal unemployment benefits in limbo, many who were recently laid off or furloughed will be looking for work in the coming months, joining the latest cohort of […]