The economy looks significantly worse now than it did three months ago. Federal Reserve officials downgraded their expectations for the economy, lowering their forecasts for growth and raising forecasts for unemployment and inflation, according to materials released Wednesday at the …
Sen. Ted Cruz (R-Texas) reacted to news of millions of Americans losing their unemployment benefits over the weekend by suggesting out-of-work people should “get a job.” In a tweet sent late Monday night, Cruz shared with his followers a headline …
Millions of people have lost their unemployment benefits. The U.S. consumer is maxed out. They need more stimulus in order to continue this economy. And of course, stocks need their artificial boost as well. The U.S. consumer is maxed out. …
Over seven million people across the U.S. will lose their unemployment benefits beginning on Monday as pandemic safety nets expire. The emergency federal jobless benefits are set to end on Labor Day, while another three million people will lose their …
https://www.youtube.com/watch?v=HzMgaOUyKtE
Millions of people are about to lose their unemployment benefits. The U.S. consumer is maxed out. They need more stimulus in order to continue this economy. And of course, stocks need their artificial boost as well. The U.S. consumer is …
Pandemic unemployment benefits end in September and states aren’t extending them Around 7.5 million people are poised to lose *all federal unemployment benefits* in a week. They’re going to $0 in jobless aid as delta cases + hospitalizations surge. The …
Labor and Treasury officials advised states to use pandemic funds to continue paying out unemployment benefits after they’ve expired even as a record 10 million new jobs remain available. The Biden administration last week told lawmakers in a letter it is “appropriate” …
https://www.youtube.com/watch?v=PFFj1vfpkw0 7.5 Million will be losing all unemployment benefits in early September How many will find a job ? in the meantime, they will have zero income to spend. Fed taper, I don’t think so. Every stats I see points …
Black and Hispanic unemployment dropped to 8.2% and 6.6% respectively, but the figures are high compared with the jobless rate for whites and Asians. Joblessness for whites was the lowest at 4.8%. For Asians, the unemployment rate declined to 5.3%. …
by Martin Armstrong The Federal Reserve’s take on the coin shortage says that there are ample coins in the economy, but the banks have also been closed so there was a shortage also created by the fact that businesses could not get …
Inflation is everywhere today! Real estate continues to increase in price right now as we see low interest rates keep this going. There is upward pressure on markets right now globally because of the inflation of the money supply. As …
A new poll indicates that 1.8 million Americans have turned down job offers in order to stay on unemployment insurance. Morning Consult surveyed 463 out-of-work American adults at the end of June. 13% — roughly one in eight — said …
Afederal watchdog says billions of taxpayer dollars have been wasted through unemployment programs in the past year, and that number is likely to rise. The Government Accountability Office released a report examining unemployment benefits during the COVID pandemic that found …
California’s unemployment fiasco takes new turn: Bank of America wants out Just how dysfunctional is California’s unemployment department? Apparently, it’s so dysfunctional Bank of America, which since 2010 has had an exclusive contract with the state to deliver unemployment benefits through …
by confoundedinterest17 The headlines scream “850,000 jobs added.” The Federal Reserve Open Market Committee (FOMC) members are probably saying “Oh no! We might have to raise rates and cut asset purchases!!!” Despite the 850,000 jobs added in June, there are so …
https://www.zerohedge.com/covid-19/im-not-going-back-work-indiana-residents-sue-after-governor-nixes-unemployment-benefits A group of Indiana residents have filed a lawsuit against state officials, challenging the state’s decision to end federal unemployment benefits by the end of the week. The lawsuit, filed last Monday, seeks to preserve what was supposed to be …
Today the first of what are many GOP led Governor states have had a huge bomb dropped on them, using the states own laws that say the states must provide those unemployed every benefit available, and filing a lawsuit against …
Yahoo Finance’s Denitsa Tsekova reports on Alaska, Iowa, Mississippi and Missouri ending advanced unemployment and other extended benefits.
Criminals may have stolen as much as half of the unemployment benefits the U.S. has been pumping out over the past year, some experts say. Why it matters: Unemployment fraud during the pandemic could easily reach $400 billion, according to some …
This week, jobless workers in Alaska, Iowa, Mississippi and Missouri will no longer be eligible for the federal unemployment benefits program. Since the American Rescue Plan passed in March, the government had authorized an extra $300 in weekly checks, and …
Twenty-five states are ending their participation in federal unemployment programs before their expiration Sept. 6. Maryland’s announcement Tuesday was the most recent. All but two Republican-led states are ending the benefits early. Their decisions affect at least 3.7 million people, …
Floridians who receive unemployment benefits must now fill out five job applications per week if they wish to continue receiving benefits. Starting Tuesday, Florida residents will have to show proof that they are actively looking for work as businesses across …
Republican-led states and Vermont reported the lowest unemployment rates in April, according to a new report by the U.S. Commerce Department. States led by Democratic governors recorded the highest jobless rates, according to the report. Unemployment rates were lower in …
https://www.zerohedge.com/economics/less-two-weeks-millions-americans-set-lose-unemployment-benefits The benefits set to lapse include not only the additional $300 weekly federal supplement, but programs for gig workers and others who typically don’t qualify for aid “(Pandemic Unemployment Assistance, or PUA) and for the long-term unemployed (Pandemic Emergency …
In a Friday release, the Commerce Department announced that the top five states with the highest unemployment rates in April were Hawaii (8.5 percent), followed by California (8.3 percent), New Mexico and New York (8.2 percent each), and Connecticut (8.1 …
The number of new applications for unemployment benefits dropped 34,000 last week to 440,000, the Labor Department reported on Thursday, as several Republican states announce plans to leave the expanded federal program early. The number of new claims, which represents the …
TOPLINE At least 21 states—all with Republican governors—are set to stop participating in the federal government’s supplemental unemployment benefits program, which provides an extra $300 a week to the jobless, as many Republican officials are claiming the payments disincentivize workers …
A Nigerian citizen was arrested at New York’s JFK Airport and charged with wire fraud in a scheme to steal over $350,000 in Washington state unemployment benefits, federal officials said. 00:00 – Unemployment fraud A citizens group filed a recall …
There is excellent news as up to 18 states indicate that they’re going to opt out of the federal expansion and addition to unemployment insurance. It’s excellent not because this will drive poorly paid workers back into working for their …