Buck Bully
[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 […]
New York (CNN Business) Another 1.1 million Americans filed initial claims for unemployment benefits on a seasonally adjusted basis last week, dashing economists’ hopes for a second-straight week with fewer than 1 million claims. Economists were optimistic that the US jobs market would be on a steady trajectory toward recovery. […]
[New York Post, AP] President Trump heaped praise Saturday on the four states that have jumped on his plan to extend extra unemployment benefits to those made jobless by the coronavirus pandemic. “Great work by the Governors of AZ, IA, LA, and NM who responded to my Executive Action and […]
[FOX NEWS, Associated Press] BEDMINSTER, N.J. — President Donald Trump signed executive orders Saturday for a deferment on payroll taxes, an extension of unemployment insurance and a moratorium on rental evictions. The president also signed an order that would defer student loans. The “payroll tax holiday” will affect Americans making less […]
[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 […]
[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 […]
[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 […]