I hope you have not made any plans to spend the intended second round of incentive payments. As each week passes in this long summer, the chance of receiving these payments becomes increasingly doubtful. getty As a frequent writer on this particular topic, I must admit that I am just …
Read More »Economists predict “Tsunami” of unemployment
Mass unemployment The U.S. economy could be a rough ride in the coming months. According to a press release from the U.S. Department of Labor, the number of unemployed in the country claiming the Pandemic Emergency Unclumation Compensation (PEUC) program is growing exponentially. The program, which falls under the CARES …
Read More »Where states stand on the extra $ 300 weekly unemployment benefits
The Federal Emergency Management Agency, which oversees program funding, had approved 13 states to offer the additional unemployment benefits starting at noon ET on Friday. Those states are: Arizona, Colorado, Idaho, Iowa, Kentucky, Louisiana, Maryland, Michigan, Missouri, Montana, New Mexico, Oklahoma and Utah. Seven others – Alabama, Alaska, Arkansas, California, …
Read More »The rise in jobless claims could be a warning to Congress that the economy needs stimulus
James Walton, Director of Inventory and Warehouse for Helping Harvest, transports a box of food to a car, in Reading, Pennsylvania, May 29, 2020. Ben Hasty | Reading Eagle | Getty Images A jump in jobless claims back above 1 million could be a warning that the labor market is …
Read More »Eviction is expected to skyrocket as protections expire
Even if the pandemic continues, many protections for eviction will come to an end. No-Mad | iStock | Getty Images President Donald Trump said earlier this month that he did not want people to be fired during the pandemic and that his executive action “will solve that problem for the …
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