California Unemployment Claims Backlog May Persist Until Next Year

California officials said it may take until Jan. 27, 2021, for the state’s Employment Development Department (EDD) to work its way through a massive backlog of unemployment cases accumulated during the COVID-19 pandemic. The EDD implemented a “two week reset” starting Sept. 19 to address ...

NTD Business Full Broadcast (Sept. 23)

California plans to stop selling new gas-powered cars by 2035. Governor Gavin Newsom announced the move today. Seven states have ended their $300 weekly unemployment benefit, and more states are running out of funds. More details about the FinCEN file drop. We talk to Tom ...

Not Seasonally Adjusted Humans Getting Back to Work

Commentary After quickly increasing to 21.8 million people the week of April 24 from 2 million people during the week of March 7, the number of people continuing to receive state-sponsored unemployment benefits has steadily declined to 12.3 million the week of Sept. 5. This ...

Thousands in Lousiana Received Notices They Were Overpaid Unemployment Benefits

A programming error caused over 4,000 jobless in Louisiana to receive notices saying they had been overpaid thousands of dollars in unemployment compensation and had to return the money, according to reports. Louisiana Workforce Commission (LWC) Secretary Ava Dejoie told The Advocate that incorrectly programmed computers ...

Unemployment Highest in Nevada, Lowest in Nebraska

New government figures show that the unemployment rate in August was highest in Nevada, lowest in Nebraska, and falling month-over-month in all states except Kentucky and Rhode Island, the Bureau of Labor Statistics said in a report Friday. On the whole, the jobless rate tended to ...

Foreigners not as wanted as before in Singapore

SINGAPORE – Record job losses are testing Singapore’s openness to global talent, magnifying local unease with foreign job seekers that was already apparent before Covid-19 drove the wealthy city-state into its deepest-ever recession.   Under pressure to revive the economy and create jobs, policymakers are responding cautiously ...

Another 860,000 Americans Filed Weekly Jobless Claims Last Week

The number of Americans filing new claims for unemployment benefits last week ticked down by 33,000 from the previous week to 860,000, as the labor market continues its grueling recovery from the COVID-19 recession. The Labor Department also noted in its Sept. 17 release (pdf) that the previous ...

There Won’t Be a Clear End to the Pandemic

(Gueorgui Pinkhassov / Magnum)The pandemic has rendered many activities unsafe, but thankfully it can’t stop us from fantasizing about them. A common balm that people reach for is the sentence construction “When this is over, I’m going to ____.” It seems to help, if only ...

Why Isn’t Trump Trying to Win?

The fate of an incumbent president is exquisitely sensitive to economic conditions. Incumbents tend to lose elections when the economy is weak (e.g., George H. W. Bush’s defeat in 1992) and win when it’s strong (e.g., Bill Clinton’s romp four years later).The 2020 economy is ...

48 States Approved for Trump’s Unemployment Plan

Forty-eight states have been approved for President Donald Trump’s enhanced unemployment payments. Despite grumbling over details of the plan by governors across the United States, every state but one applied for the enhanced payments. Officials in Nebraska and Nevada—the remaining holdouts—announced last week they were ...

Jobless Claims Stay Flat at 884,000 in a Sign of Labor Market Struggles

The number of Americans filing new claims for unemployment benefits last week stayed unchanged from the week before at just over 880,000, suggesting the labor market recovery has lost some steam. The Labor Department said in a release on Thursday (pdf) that initial claims for state unemployment ...

Unemployment Among Hispanic Women, Black Men Sees Sharpest Drop in August

The government’s jobs report released Friday shows that the sharpest drop in unemployment from July to August by race was among Hispanic women and black men, while by level of education, it was those with less than a high school diploma that saw the biggest ...

Canada Adds Nearly 250K Jobs, Unemployment Falls to 10.2%

OTTAWA—Statistics Canada says the economy added 246,000 in August as the pace of job gains slowed compared with July, when 419,000 jobs were added. The figure marked the fourth consecutive month of gains from COVID-19 related lockdowns this spring, bringing the number to within 1.1 million of pre-pandemic ...

41 States Approved for Trump’s Enhanced Unemployment Payments

The 41st state was approved this week for enhanced unemployment payments made possible by President Donald Trump’s August executive order. The Federal Emergency Management Agency, which is approving applications for the enhanced payments, announced Tuesday that North Dakota was accepted into the program. Like most ...

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