Getty An executive order signed by President Trump in early August provides for a pay tax holiday for American workers that could take effect today. With Congress-led negotiations on the next stimulus package still aimed at providing economic relief during the coronavirus epidemic, Trump announced four executive orders at a …
Read More »Extra 300 Extra Job Payment Sept. Starting at 7
Unemployed California workers can expect to receive an additional 300 300 in weekly unemployment payments in early September, the state labor agency announced, welcoming the dream economic crisis unleashed by the coronavirus. U.S. Additional unemployment payments are being made to states across the country using funds from the Federal Emergency …
Read More »Fed’s Jackson Hole Reboot to Raise Inflation Against Skepticism
Revision shows second-quarter GDP shrinking at an annual 31.7 percent rate
The economy shrank in the second quarter with an annual rate of 31.7 percent, according to the Department of Commerce’s second estimate, 1.2 points better than the first estimate of 32.9 percent. The changed number remains the worst quarterly shrinkage on record, as a reflection of the sudden shutdown of …
Read More »Another 1 million jobseekers face unemployment benefits as coronavirus pandemic continues to hit economy
People wear their face masks waiting in line for an emergency food distribution at 88th Street Temple Church of God in Christ on April 14, 2020 in Los Angeles, California, during the coronavirus pandemic. Frederic J. Brown | AFP | Getty Images The number of Americans who first filed for …
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