Bank of America faces $225 M fine over mishandling unemployment benefits
Pandemic assistance; Bank of America faces a $225 M fine for mishandling bedit card accounts that were used to give out pandemic unemployment benefits. ...
Fewer workers apply for jobless aid, first drop in 3 weeks
For the first time in a month, the number of people applying for jobless aids has fallen, indicating that the US job economy is back on track with its steady recovery. The Labor Department said on Thursday that 326,000 people applied for first-time unemployment claims last week. That is 38,000 fewe ...
Floridians face overpayment notices to return unemployment benefits
.Florida's Department of Economic Opportunity is trying to claw back billions in non-fraudulent unemployment benefits that were distributed in the first 18 months of the pandemic. Thousands of people in Florida have received stern letters warning them that they could be sent to collections if they ...
AOC to introduce bill to extend Pandemic Unemployment Insurance till 2022
Congresswoman Alexandria Ocasio-Cortez plans to introduce a bill to extend the pandemic unemployment benefits till February 2022. In her announcement, she added that her bill would extend federal unemployment programs established under the 2020 CARES Act that expired on Labor Day. As the pandemic a ...
Some states issue their own stimulus checks to help low-income households
Three stimulus checks have been credited to US households to help reduce poverty and support families during the pandemic. However, with the surge of the Delta variant, some states are also planning to find funds for the same. A number of states are using their own stimulus funds and surpluses to h ...
Early withdrawal from unemployment benefits to impact job market
Unemployment benefits were being provided by the state to people who lost their jobs during the pandemic. However, some leaders believe that continuing to provide unemployment benefits has led to labour shortage. People are reluctant to go back to full-time employment. This resulted in some states ...
Claims for unemployment benefits hit a new low, sign of a strengthening job market
The number of Americans applying for first-time unemployment benefits fell to a record low- a sign that the job market continues to improve despite the surge of covid-19. ...
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