Poverty rate fell in The United States despite the pandemic
Last year even as the pandemic raged on, the poverty rate fell in The United States. Through a massive federal aid and relief system, the country was able to get above what is considered one of the greatest economic contractions to hit the world. Even though most people lost their jobs, the poverty ...
Unemployment benefits worth $794 billion given out during the pandemic
As the state-sanctioned unemployment benefits under the CARES Act end this week, we look at what has been given so far. The unemployment benefits were like a safety net for the jobless. The programs created under the CARES Act which came into existence in March 2020 provided benefits to a historic ...
Biden announces federal pay raise
President Biden formally announced his plans to give civilian employees a federal pay raise which is to come in effect from 1 January 2022. Civilian employees under the General schedule will receive a 2.7% average pay increase. This revised payment proposal was submitted to Congress on Friday after ...
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 ...
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