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Keyword: unemployment

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  • Unemployment insurance weaning

    05/29/2020 12:03:30 PM PDT · by karpov · 11 replies
    The Grumpy Economist ^ | May 29, 2020 | John H. Cochrane
    As the economy recovers, public policy faces an inevitable dilemma. How do we wean the economy from support? This comes to the head with federal support for unemployment insurance -- $600 per week, set to expire at the end of July. The unemployment rate will still be high in July. Congress seems to have largely given up, in public, of thinking clearly about the economic purpose of policies, and now the discussion is entirely in terms of who deserves additional "help," often in moral terms -- "people" vs "corporations," various regions, sizes of business, "communities," and so on. How can...
  • Troubled NC Unemployment System Gets New Leader

    05/28/2020 2:26:42 PM PDT · by Libloather · 6 replies
    WRAL ^ | 5/27/20
    For years, WRAL Investigates chronicled troubles inside North Carolina’s Employment Security Commission, now called the Division of Employment Security. Those troubles became even more noticeable with a flood of new unemployment claims because of the coronavirus pandemic. Since mid-March, the system has been swamped by 1.3 million claims, representing 955,000 people out of work. Some had to file twice based on the type of coverage they qualified for. Of those 955,000, about two thirds have received payments. "I’m sorry," said Lockhart Taylor, Assistant Secretary and head of Employment Security, as complaints piled up from people who couldn’t get into the...
  • Massive Unemployment Fraud Uncovered In Washington State, Others

    05/28/2020 11:47:47 AM PDT · by SeekAndFind · 16 replies
    Hotair ^ | 05/28/2020 | Jazz Shaw
    When the first massive coronavirus aid package was passed in Congress it included substantial benefits for workers who lost their jobs because of the government-mandated shutdown. One of the biggest was the federal enhancement of state unemployment benefits, increasing weekly payments by up to six hundred dollars. As we quickly learned, Senate Republicans’ concerns over not having a cap on those benefits to prevent the payments from exceeding the employee’s previous salary were fully justified.That didn’t wind up being the only problem with the plan, however. We’re now learning that the hastily rushed through bill and the flood of...
  • Coronavirus job losses are hitting these 3 states the hardest

    05/28/2020 10:49:17 AM PDT · by SeekAndFind · 22 replies
    Yahoo Finance ^ | 05/28/2020 | Zack Guzman
    The number of jobs lost due to the coronavirus shutdown continue to mount, with the latest weekly total of Americans applying for unemployment benefits topping 2 million, yet again. The latest swath of applications brings the total amount of jobless claims to more than 40 million over the past 10 weeks, wiping out the 20 million jobs added over the last decade by a two-to-one margin. But some states have been feeling the impact of job losses more than others. A Yahoo Finance review of jobless claims data from the U.S. Department of Labor shows that Georgia and other states...
  • Unemployment Clawback

    05/28/2020 8:34:01 AM PDT · by sheana · 22 replies
    rumor | 5/28/20 | sheana vanity
    Some help here? I received 2 phone calls yesterday from friends who have children (young adults) on unemployment. They both stated that their children went and pulled all the unemployment money off their debit cards because Kudlow? said on tv that any unused money from unemployment left on the debit cards at the end of July will be pulled off and go back to the feds because the money was meant to be spent and not saved. That there were too many debit cards out there with thousands of dollars on them that apparently the people didn't need. I don't...
  • Over 2.1M Americans filed for unemployment last week, pushing total job losses to 40M from coronavirus lockdown

    05/28/2020 6:39:20 AM PDT · by knighthawk · 34 replies
    Fox Business ^ | May 28 2020 | Megan Henney
    More than 2.1 million laid-off workers applied for unemployment last week, the Labor Department reported on Thursday, as the coronavirus pandemic, and the ensuing economic lockdown, continued to wreak havoc on the jobs market. Economists surveyed by Refinitiv had forecast 2.1 million. The new report, which covers the week ending May 23, pushes the 10-week total of losses since states directed residents to stay at home and forced nonessential businesses to close to 40 million, a rate of unemployment unseen since the Great Depression.
  • With Unemployment Rate at 15% – Nine RINO Senators Including Lindsey Graham Push President Trump to Offer More Work Visas to Foreigners (VIDEO)

    05/27/2020 5:58:03 PM PDT · by SeekAndFind · 24 replies
    Gateway Pundit ^ | 05/27/2020 | Jim Hoft
    The unemployment in the United States today is at 15%. There are over 39 million Americans who have lost their jobs due to the coronavirus.And yet on Wednesday nine US Republican Senators wrote President Donald Trump telling him not to restrict work visas for foreignors. Lindsey Graham was one of nine RINOs who want to bring in more foreign workers when there are 39 million Americans out of work. These people are soulless.These RINOs insist it will be good for the economy. Seriously? Lou Dobbs tonight challenged any of these RINOs to come on his show and debate him...
  • Another pandemic casualty: Baylor Scott & White will lay off about 1,200 and furlough others

    05/27/2020 5:36:04 PM PDT · by fluorescence · 8 replies
    The Dallas Morning News ^ | May 27, 2020 | Mitchell Schnurman
    After patient volumes sink up to 90% in some areas, the Dallas hospital system ‘must re-examine everything,’ says CEO. Baylor Scott & White Health, the largest not-for-profit hospital system in Texas, will lay off roughly 1,200 employees, or almost 3% of its workforce, due to fallout from the coronavirus. Baylor said it would also furlough an unspecified number of workers, leave open positions unfilled and cut the pay of about 300 senior leaders. Furloughed employees, who are generally eligible for unemployment insurance, will continue to get company benefits and may be asked to return to the job eventually. Like many...
  • For Many, $600 Jobless Benefit Makes It Hard To Return To Work

    05/27/2020 5:22:40 PM PDT · by fluorescence · 41 replies
    NPR ^ | May 26, 2020 | Scott Horsley
    Preschool teacher Lainy Morse has been out of work for more than two months. But the Portland, Ore., child care center where she worked is considering a reopening. Morse says she is dreading the idea, as much as she loves the infants and toddlers for which she cared. "They always have snotty faces. It's just one cold after another," she says. "It feels just like an epicenter for spreading disease. And it feels really scary to go back to that." In addition to risking infection with COVID-19, going back to work would also mean a cut in pay for Morse....
  • New federal program could give Floridians 13 more weeks of unemployment benefits

    05/26/2020 8:47:31 AM PDT · by fluorescence · 3 replies
    Nexstar Broadcasting ^ | May 25, 2020 | WESH 2 News Staff
    ORANGE COUNTY, Fla. (WESH) — In Florida, you can only get 12 weeks of state unemployment. That’s why the new federal program that started on Monday is so important. It gives people at least 13 more weeks of benefits. Hundreds of thousands of Floridians lost work in mid-March, meaning they’re likely one or two weeks away from losing their state unemployment benefits. That’s where the new Pandemic Emergency Unemployment Compensation (PEUC) program comes in. The link for it should have started showing up on Florida’s CONNECT website for people who are eligible. The program is part of the federal coronavirus...
  • US Unemployment Insurance Replacement Rates During the Pandemic (pdf)

    05/25/2020 3:19:42 AM PDT · by karpov · 10 replies
    National Bureau of Economic Research ^ | Peter Ganong, Pascal J. Noel, and Joseph S. Vavra
    We use micro data on earnings together with the details of each state’s UI system under the CARES Act to compute the entire distribution of current UI benefits. The median replacement rate is 134%. Two-thirds of UI eligible workers can receive benefits which exceed lost earnings and one-fifth can receive benefits at least double lost earnings. There is sizable variation in the effects of the CARES Act across occupations and states, with important distributional consequences. We show how alternative UI expansion policies would change the distribution of UI benefits and thus affect resulting liquidity provision, progressivity, and labor supply incentives.
  • Nevada's Unemployment Rate is Highest in U.S. History

    05/22/2020 7:03:42 PM PDT · by BackRoads775 · 46 replies ^ | 22 May 2020 | Paul Nelsen
    The Nevada Department of Employment, Training and Rehabilitation says the state's unemployment rate is a record high for any state. April's unemployment rate was 28.2%. "Nevada has the highest unemployment rate in the nation, ahead of number two Michigan, which had a rate of 22.7%," David Schmidt, Nevada Chief Economist said. "Nevada now has the highest unemployment rate of any state in any month dating back to 1976."
  • Secret Service investigating a crime ring inundating unemployment offices with fake claims

    05/17/2020 6:06:38 PM PDT · by nickcarraway · 20 replies
    The Verge ^ | May 17, 2020 | Kim Lyons
    Authorities think the group is using a database of stolen identity informationThe US Secret Service says it is investigating a Nigerian crime ring that has been using Americans’ stolen identities to file fraudulently for unemployment benefits, according to Krebs on Security. Authorities say members of the ring were able to exploit weak security measures within many states’ unemployment systems at a time when millions of Americans are applying for benefits. The agency sent a memo to field offices late last week which said the Nigeria-based ring appeared to be using a “substantial” database of stolen personal information, much of it...
  • Unemployment Chaos in Four States Tied to H-1B Program

    05/13/2020 9:53:43 AM PDT · by NobleFree · 21 replies
    Breitbart ^ | 12 May 2020 | NEIL MUNRO
    The huge economic impact of the coronavirus crash is being worsened by the growing role of Indian H-1B visa workers in the nation’s software industry. Americans in many states — including Florida — were left without unemployment payments for weeks when the software programs supplied to state governments by a company, which relies on Indian H-1Bs, could not handle the crush of new applicants. The failures in Ohio, Maryland, D.C., and South Carolina were all connected to one Minnesota company, Sagitec Solutions, which uses an imported workforce of H-1B workers. “Marylanders have spent hours — and days — trying to...
  • Washington scammed out of ‘hundreds of millions’ in unemployment benefits

    05/22/2020 10:17:08 AM PDT · by lowbridge · 25 replies ^ | May 22, 2020 | Noah Manskar
    Scammers posing as out-of-work residents have bilked Washington state out of “hundreds of millions of dollars” in unemployment benefits, a top official said. The fraudsters submitted bogus unemployment claims under the names of tens of thousands of people whose personal information had been stolen, said Suzi LeVine, commissioner of the state’s Employment Security Department. “I realize that this is a jaw-dropping figure,” LeVine told reporters Thursday. She didn’t provide a specific dollar amount. The revelation came amid a massive surge in jobless claims during the coronavirus pandemic. More than 38 million Americans applied for unemployment benefits in the last nine weeks as lockdowns meant...
  • Another 2.4 Million Americans Filed For Unemployment Last Week, 38 Million Since March

    05/21/2020 8:53:31 AM PDT · by Kaslin · 12 replies
    The Federalist ^ | May 21, 2020 | Tristan Justice
    The Department of Labor reported Thursday that another 2.4 million Americans filed for unemployment last week continuing a nine-week stretch of new jobless claims shattering the previous record for the most first-time filings in a single week. More than 38 million Americans have now filed for unemployment since pandemic lockdowns initiated an economic self-destruction wreaking havoc on American livelihoods and contributing to the great anxiety that the pandemic presents to a nation in distress. The April jobs report released from the Department of Labor this month shows the U.S. reached record levels of unemployment within the span of just two...
  • Over 2.4 million Americans filed for coronavirus last week, as coronavirus job losses drag on

    05/21/2020 5:53:32 AM PDT · by knighthawk · 11 replies
    Fox Business ^ | May 21 2020 | Megan Henney
    More than 2.4 million laid-off workers applied for unemployment last week, the Labor Department reported on Thursday, as the coronavirus pandemic, and the economic catastrophe it's triggered, forced companies to continue slashing jobs. The new report, which covers the week ending May 16, pushes the nine-week total of losses since states directed residents to stay at home and required nonessential businesses to nearly 39 million. All of the jobs created during the past decade have been wiped out; unemployment at this scale hasn’t been recorded since the Great Depression. Economists surveyed by Refinitiv had forecast 2.4 million.
  • Mnuchin says employees who reject offer to return to work are ineligible for unemployment benefits

    05/19/2020 11:51:45 AM PDT · by knighthawk · 21 replies
    Fox News ^ | May 196 2020 | Brooke Singman
    Treasury Secretary Steven Mnuchin warned on Tuesday that individuals who reject an offer from their company to return to work after being laid off due to coronavirus are no longer considered eligible to receive federal unemployment benefits. Mnuchin said that companies receiving benefits under the Payroll Protection Program who are inviting employees who had been laid off or furloughed due to the coronavirus crisis to return to work should plan to notify state unemployment offices of their offers. If the employee, in turn, turns down the job, they would then be considered ineligible to receive expanded unemployment benefits.
  • Pennsylvania to offer an additional 13 weeks of unemployment benefits

    05/18/2020 6:28:25 PM PDT · by fluorescence · 20 replies
    Pittsburgh Business Times ^ | May 18, 2020 | Nate Doughty
    A new state program called the Pennsylvania Pandemic Emergency Unemployment Compensation, or PEUC, launched over the weekend to provide unemployment compensation benefits for those who have already exhausted their benefits for the year. As part of the new program, those receiving unemployment benefits will be able to receive an additional 13 weeks of benefits so long as certain eligibility requirements continue to be met. According to last week's unemployment report, an estimated 75,557 Pennsylvanians filed for claims of unemployment during the week ending on May 9 and raises the total number of claims filed since mid-March to 2.1 million. During...
  • For a City Already in a ‘Death Spiral,’ What’s After Lockdown?

    05/17/2020 8:56:08 AM PDT · by brownwill6767 · 32 replies
    The New York Times ^ | 5/13/20 | Nicholas Casey
    In Farmington, N.M., the economy was already struggling. Now everyone knows someone who is out of work because of the coronavirus. Very few say they know anyone who got sick.