Thursday , 9 July 2020

Tag Archives: Unemployment

Another 1.38 million Americans expected to have filed for unemployment benefits

Following the blowout June jobs report, market participants will get another update on the state of the U.S. labor market Thursday morning with the release of the weekly initial jobless claims report. Economists surveyed by Bloomberg anticipate another 1.375 million Americans filed for unemployment benefits in the week ending July 4, down from 1.43 million in the week prior. Weekly …

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California unemployment claims backlog jumps

Nearly 2 million unemployment claims filed in the state over the first three months of the government-ordered business lockdowns have yet to be paid, an analysis of federal government statistics shows. The brutal backlog is further evidence of the troubles plaguing the embattled state Employment Development Department, prompting the newly jobless to complain of an overwhelmed phone system and antiquated …

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California unemployment claims backlog jumps

Nearly 2 million unemployment claims filed in the state over the first three months of the government-ordered business lockdowns have yet to be paid, an analysis of federal government statistics shows. The brutal backlog is further evidence of the troubles plaguing the embattled state Employment Development Department, prompting the newly jobless to complain of an overwhelmed phone system and antiquated …

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Missouri tightens rules on unemployment claims

COLUMBIA, Mo. (KMIZ) The Missouri Department of Labor is tightening rules about qualifying for unemployment. The department’s “work search” requirement resumed on Sunday after the requirement was waived during the record unemployment caused by the COVID-19 pandemic. To be eligible for unemployment benefits, Missourians are required to complete at least 3 work search activities each week, unless there is an …

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Mass. verified nearly 59,000 bogus unemployment claims in recent months, recovering $158 million

The Baker administration said Tuesday it has verified receiving nearly 59,000 fraudulent claims for unemployment pay from early March through June 20. The state has recovered $158 million from bogus jobless benefits requests, the Department of Labor and Workforce Development said in an e-mailed statement. More than 1.6 million claims for benefits were filed from March 8 through June 30, …

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Retirement Crisis Deepens as Pandemic Drives Unemployment

The effects of the COVID-19 coronavirus pandemic on unemployment in America have led to most recent estimates placing the national unemployment rate at 11.1% as of June 2020, up from 4% one year prior according to the Bureau of Labor Statistics. Unemployment that has been driven by the pandemic’s effect on the economy is deepening the American retirement crisis, which …

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