Federal unemployment benefits money siphoned off
According to data from the US Department of Labor, the government had issued up to $872 billion in pandemic assistance to be given out as unemployment benefits, however, almost 10% of this amount has been siphoned off or lost due to improper payment and other frauds. Unprecedented funding from the ...
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. ...
Employers look to fill positions.
With things gradually starting to pick up after a rough year, employers have started their hiring process. 63% of people who have lost their jobs during the outbreak have changed their industry, and 4 % have changed their field or career path, as per a Harris Poll Survey for USA Today. To dig deepe ...
Restaurants and small businesses face closure.
The pandemic has impacted way too many people in different ways. Restaurants and small businesses are a part of the section that is widely affected by it. As of the end of August, 32,700 franchised businesses have closed in the USA and lost 1.4 million jobs, the IFA said. About one-third of those b ...
The strained US economy and job market
Last week, the latest weekly data on the initial unemployment benefits indicated that while claims may have fallen to 1.31 million for the last week of June, an increasing number of the workforce have filed for Pandemic Unemployment Assistance or PUA for the fourth straight week. 1.4 million filed ...
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