unemployment Archives - Page 2 of 2

Four States to Slash COVID-19 Unemployment Aid Saturday

June 14, 2021June 13, 2021 Virginia Star Staff

Four states will be cutting pandemic unemployment increases three months early, ending the supplemental $300 in federal aid.

Alaska, Iowa, Missouri, and Mississippi will end pandemic-related unemployment relief on June 12. An additional 21 Republican-led states will slash federal aid before it expires on Sept. 6, according to Business Insider.

Conservatives continue to advocate an end to the increased benefits, saying they are no longer needed now that the pandemic is contained and speculating that the high payouts are discouraging would-be workers from returning.

Job Searches Increased in Republican States Canceling Federal Unemployment Boost: Report

May 31, 2021May 30, 2021 Virginia Star Staff

Relative to the national trend, job searches temporarily increased in states that have announced they will no longer offer the pandemic-related federal unemployment boost, an economic report showed.

In states that are withdrawing from the federal unemployment program, interest in job postings increased 5%, according to the report released Thursday by job listings site Indeed. The increase was relative to a national average recorded during the final two weeks of April, before Republican governors began canceling the federal benefit.

“In May, job search activity on Indeed increased, relative to the national trend, in states that announced they would end federal [unemployment] benefits prematurely,” the Indeed report said.

Commentary: Stop Calling It a ‘Labor Shortage.’ It’s an Incentive Shortage

May 24, 2021May 23, 2021 Virginia Star Staff

It’s no secret that US businesses are struggling to find workers. Recent surveys have shown that small businesses are reporting record job openings.

Many have described the phenomenon as a labor shortage.

“Walk outside: labor shortage is the pervasive phenomenon,” economist Lawrence Summers recently observed at a conference hosted by the Federal Reserve Bank of Atlanta.

South Carolina, Montana to Stop Providing Pandemic-Related Welfare

May 10, 2021May 9, 2021 Virginia Star Staff

The states of South Carolina and Montana have both decided in recent days to put an end to their handouts of federal unemployment benefits as a result of the coronavirus pandemic, in an effort to encourage residents to return to the workforce, as per CNN.

Montana Governor Greg Gianforte (R-Mont.) said in his announcement that “incentives matter, and the vast expansion of federal unemployment benefits is now doing more harm than good. We need to incentivize Montanans to return to the workforce.” Instead, Governor Gianforte announced that the state government will be providing $1,200 checks as bonuses to every citizen who returns to work, using the state’s share of the recent $1.9 trillion stimulus package to pay for it.

In South Carolina, Governor Henry McMaster (R-S.C.) announced on Thursday that the state would be ending their share of federal unemployment benefits, since “what was intended to be a short-term financial assistance for the vulnerable and displaced during the height of the pandemic has turned into a dangerous federal entitlement, incentivizing and paying workers to stay at home rather than encouraging them to return to the workplace.”

U.S. Added Just 266,000 Jobs in April, Far Below Expectations

May 8, 2021May 7, 2021 Virginia Star Staff

The U.S. economy reported an increase of 266,000 jobs in April and the unemployment rate rose slightly to 6.1%, according to Department of Labor data released Friday.

Total non-farm payroll employment increased by 266,000 in April, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons ticked up to 9.8 million. Economists projected a million Americans would be added to payrolls prior to Friday’s report, according to The Wall Street Journal.

“The pieces are really coming together for a burst in activity,” Sarah House, senior economist for Wells Fargo’s Corporate and Investment Bank, told the WSJ. “We’re expecting to see the labor market recovery shift into an even faster gear with the April jobs report.”

U.S. Added 916,000 Jobs in March as Economy Roars Back to Life

April 3, 2021April 2, 2021 Virginia Star Staff

The U.S. economy reported an increase of 916,000 jobs in March and the unemployment rate fell to 6%, according to Department of Labor data released Friday.

Total non-farm payroll employment increased by 916,000 in March, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons fell to 9.7 million. Economists projected 675,000 Americans would be added to payrolls prior to Friday’s report, according to The Wall Street Journal.

“There’s a seismic shift going on in the U.S. economy,” Beth Ann Bovino, an economist at S&P Global, told the WSJ.

Jobless Claims Plummet to 684,000 in Latest Sign of Economic Recovery

March 26, 2021March 25, 2021 Virginia Star Staff

The number of Americans filing new unemployment claims dropped to 684,000 last week as the economy continued to slowly recover from the coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics figure released Thursday represented a large decrease in the number of new jobless claims compared to the week ending March 13, when 781,000 new jobless claims were reported. That number was revised up from the 770,000 jobless claims initially reported last week.

Biden Signs $1.9 Trillion Stimulus Bill into Law

March 11, 2021March 11, 2021 The Center Square

President Joe Biden on Thursday signed into law a $1.9 trillion stimulus bill that includes extended unemployment benefits, direct funding to states and municipalities, and $1,400 checks for most Americans.

“This historic legislation is about rebuilding the backbone of this country and giving the people of this nation – working people, middle-class folks, people who built the country – a fighting chance, that’s what the essence of it is,” Biden said in the Oval Office before signing the bill.

Commentary: States Taxing PPP Loans to Cover for Bad Decisions is Bad Business

February 9, 2021February 8, 2021 The Center Square

The biggest gap in understanding how business truly works exists between two distinct groups of people: Those who have made a payroll and those who haven’t.

Anyone who has run a business – small or large – would only be glad to tell you that it is equal parts fulfilling and terrifying.

New Jobless Claims Decrease to 900,000, Economists Expected 925,000

January 22, 2021January 21, 2021 Virginia Star Staff

The number of Americans filing new unemployment claims decreased to 900,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Thursday represented a decrease in the number of new jobless claims compared to the week ending Jan. 16, in which there were 965,000 new jobless claims reported. Roughly 16 million Americans continue to collect unemployment benefits, according to the BLS report Thursday.

New Jobless Claims Decrease to 787,000, Economists Expected 828,000

January 1, 2021December 31, 2020 Virginia Star Staff

The number of Americans filing new unemployment claims decreased to 787,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Thursday represented a decrease of new jobless claims compared to the week ending Dec. 26, in which there were 803,000 new jobless claims reported. Roughly 19.6 million Americans continue to collect unemployment benefits, according to the BLS report Thursday.

New Jobless Claims Decrease to 803,000, Economists Expected 888,000

December 24, 2020December 23, 2020 Virginia Star Staff

The number of Americans filing new unemployment claims decreased to 803,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Thursday represented a decrease of new jobless claims compared to the week ending Dec. 12, in which there were 885,000 new jobless claims reported. Roughly 20.4 million Americans continue to collect unemployment benefits, according to the BLS report Thursday.

New Jobless Claims Increase to 885,000, Economists Expected 808,000

December 18, 2020December 17, 2020 Virginia Star Staff

The number of Americans filing new unemployment claims increased to 885,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Thursday represented an increase of new jobless claims compared to the week ending Dec. 5, in which there were 853,000 new jobless claims reported. Roughly 20.6 million Americans continue to collect unemployment benefits, according to the BLS report Thursday.

New Jobless Claims Climb to 853,000, Economists Expected 730,000

December 11, 2020December 10, 2020 Virginia Star Staff

The number of Americans filing new unemployment claims increased to 853,000 last week as the economy continued to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics (BLS) figure released Thursday represented a large increase of new jobless claims compared to the week ending Nov. 28, in which there were 712,000 new jobless claims reported. New jobless claims had stayed below 800,000 for more than a month prior to the report.

While Unions Demand More Money, Unemployment Data Shows Increasing Layoffs in Education Sector

November 15, 2020November 14, 2020 The Center Square

In April, several education groups, including two national teachers’ unions, urged Congressional leaders to allocate more than $200 billion to education in addition to the CARES Act and federal relief through which Congress had just allocated nearly $31 billion in March.

New Unemployment Claims Fall to 751,000, Beat Expectations

October 29, 2020October 29, 2020 Virginia Star Staff

The number of Americans filing new unemployment claims decreased to 751,000 last week as the economy continues to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics figure released Thursday represented a decrease of new jobless claims compared to the week ending Oct. 17, in which there were 787,000 new jobless claims reported. The figure released on Oct. 22 was the lowest since March, according to CNBC.

Analysis: Jobs, Housing Show Recovery Continues

October 27, 2020October 26, 2020 Virginia Star Staff

There were only two insightful reports on the economy this past week—for jobs and housing. Both show impressive gains.

Weekly initial unemployment claims fell by 56,000, to 787,000. They are down more than 100,000 from a month ago. There has also been a substantial decline in the insured unemployment rate to 5.7 percent from 8.7 percent a month ago. Also, the number of people receiving unemployment insurance payments fell to 8.4 million; it was 12.6 million a month ago.

New Unemployment Claims Fall to 787,000, Lowest Level Since March

October 22, 2020October 22, 2020 Virginia Star Staff

The number of Americans filing new unemployment claims decreased to 787,000 last week as the economy continues to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Bureau of Labor and Statistics figure released Thursday represented a decrease of new jobless claims compared to the week ending Oct. 10, in which there were 898,000 new jobless claims reported. Thursday’s figure was the lowest since March, according to CNBC.

Commentary: 4.4 Million Lose Unemployment Benefits Since August as Pelosi Puts Politics Above People

October 21, 2020October 20, 2020 Virginia Star Staff

Small business relief, supporting 5.2 million small businesses and 50 million jobs, ran out on Aug. 8 and airlines ran out of money last month as massive layoffs have been ensuing.

In the meantime, House Speaker Nancy Pelosi (D-Calif.) continues to refuse a deal from President Donald Trump to extend these CARES Act programs — even if it means she loses a few seats in the House over it.

Nearly 900,000 U.S. Workers File New Unemployment Claims

October 15, 2020October 15, 2020 The Center Square

Nearly 900,000 American workers filed new claims for unemployment benefits last week, an increase of 53,000 new claims from the week prior and a sign that the U.S. economy has a long way to go to recovery.

According to U.S. Department of Labor satistics released Thursday, 898,000 new claims were filed in the week ending Oct. 10, when seasonally adjusted. That’s up from the previous week’s revised level of 845,000 claims.

Approximately 840,000 U.S. Workers File New Claims for Unemployment Benefits

October 8, 2020October 14, 2020 Virginia Star Staff

An additional 840,000 American workers filed initial unemployment claims in the week ending Oct. 3, down about 9,000 from the previous week’s revised number but still well above pre-pandemic levels.

According to the U.S. Department of Labor, the advance seasonally adjusted unemployment rate was 7.5 percent for the week ending Sept. 26, a decrease of 0.7 percentage points from the prior week. Unemployment rate data lags the new initial claims report by a week.

Commentary: The Slow Suicide of New York City

October 7, 2020October 6, 2020 Virginia Star Staff

Is New York committing suicide?

That’s a fair question in the wake of the relentless pandemic choking major American cities. The Big Apple is plagued with joblessness, peaking with a 20% unemployment rate this summer, double the national rate.

Commentary: Economic Bounce Back Continues with 14.1 Million More Jobs Recovered Since April

October 3, 2020October 2, 2020 Virginia Star Staff

Another 275,000 jobs were added to the U.S. economy in the month of September, according to the Bureau of Labor Statistics’ (BLS) household survey, and 661,000 in the establishment survey, adding to the miraculous economic recovery that has taken place since COVID-19 lockdowns this spring as now states and businesses continue reopening at a rapid clip.

Commentary: Another One Million Leave Unemployment in a Week as Trump’s Predicted Rapid Recovery Continues

September 19, 2020September 18, 2020 Virginia Star Staff

Another 1 million Americans left continued unemployment claims the week of Sept. 5 on an unadjusted basis, the latest data from the Department of Labor shows.

That brings the number collecting unemployment from its 13.8 million Aug. 29 level, and from its 22.8 million May 9 level, down to its current 12.3 million, an overall decrease of 10.5 million from its peak.

New Unemployment Claims Decrease to 860,000, Beating Predictions

September 17, 2020September 17, 2020 Virginia Star Staff

The number of Americans filing new unemployment claims decreased to 860,000 last week as the economy continues to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Department of Labor figure released Thursday represented an decrease of new jobless claims compared to the week ending on Sept. 5, in which there were 884,000 new jobless claims reported.

New Jobless Claims Fall Below One Million, Beat Wall Street Expectations

September 3, 2020September 3, 2020 Virginia Star Staff

The number of Americans filing new unemployment claims decreased to 881,000 last week as the economy continues to suffer the effects of the coronavirus pandemic, according to the Department of Labor.

The Department of Labor figure released Thursday represented a decrease of new jobless claims compared to the week ending on Aug. 22, in which there were 1,006,000 new jobless claims reported.

Jobless Claims Fall Slightly to About 1 Million, Still at Historic Levels

August 27, 2020 Virginia Star Staff

The number of Americans filing new unemployment claims decreased to 1,006,000 last week as the economy continues to suffer the effects of the coronavirus pandemic, according to the Department of Labor.

The Department of Labor figure released Thursday represented a slight decrease of 98,000 new jobless claims compared to the week ending on Aug. 15. The number was about where Wall Street analysts expected it to be, according to CNBC.

New Unemployment Claims Surge Past a Million After One Week Drop Below Threshold

August 20, 2020August 20, 2020 Virginia Star Staff

More than 1.1 million American workers filed new unemployment claims last week, a week after the number of claims dropped below the million mark for the first time since pandemic-related shutdowns were put in place in March.

According to the U.S. Department of Labor, 1,106,000 workers filed new claims on a seasonally adjusted basis in the week ending Aug. 15.

Expanded Unemployment Would Cost Virginia $45M a Week, but Fund Is Almost Dry

August 17, 2020August 17, 2020 Virginia Star Staff

If Virginia Gov. Ralph Northam opts to expand unemployment benefits by $100 a week per person, it would cost the state an additional $45 million a week, but the unemployment insurance fund already is set to run out of money in September, state officials said.

President Donald Trump signed an executive order to extend federal unemployment benefits by $300 a week, but states would have to supply an additional $100 a week, increasing the benefit to $400 a week.

Weekly Jobless Claims Fall Below One Million for First Time Since March

August 13, 2020August 13, 2020 Admin

Around 963,000 Americans filed new unemployment claims last week, marking the first time the figure dropped below one million since March, according to the Department of Labor.

The Bureau of Labor Statistics figure released Thursday represented a decrease of 228,000 new jobless claims compared to week that ended August 1. That number also beat Wall Street analysts’ expectations, according to CNBC.

Study: 68 Percent of Workers Earned More on Unemployment with $600 Weekly Enhancement

August 3, 2020August 13, 2020 Admin

Some unemployed workers received nearly twice as much money through unemployment insurance (UI) payments authorized through the CARES Act than they earned when they were employed, a new study from the Foundation for Government Accountability (FGA) found.

In response to states shutting down economies over coronavirus fears, Congress passed several relief bills, including the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. These two bills expanded the UI benefit period, suspended work search requirements, included newly eligible individuals, and added a $600-per-week unemployment benefit enhancement through July 31.

Unemployment Claims Rise for the First Time Since March to 1.4 Million

July 23, 2020July 23, 2020 Virginia Star Staff

The Department of Labor reported Thursday that over 1.4 million Americans filed additional claims for unemployment last week, marking the first weekly increase in claims since March.

The number of Americans filing for unemployment had been declining each week before mid-July, but the Thursday report marks the 18th week in a row that unemployment claims have been above one million, CNBC reported.

Analysis: President Trump Was Correct About the Rapid Economic Rebound Post-Shutdown as Another 630,000 Americans Come Off Unemployment Benefits

July 14, 2020July 13, 2020 Virginia Star Staff

Another 630,000 Americans came off continuing unemployment claims the week ending June 27, according to the latest unadjusted data from the U.S. Department of Labor, proving President Donald Trump is right about the economy rapidly recovering from the COVID-19 pandemic state-based shutdowns.

Since the week ending May 9, unadjusted continuing unemployment claims have dropped from 22.8 million to 16.8 million the week ending June 27, a massive turnaround of 6 million Americans who temporarily found themselves on unemployment benefits but then rapidly came off of it on a net basis.

June Jobs Report: 4.8 Million Jobs Added, Unemployment at 11.1 Percent

July 2, 2020July 2, 2020 Virginia Star Staff

The U.S. added 4.8 million jobs in June, while the unemployment declined to 11.1%, according to Department of Labor data released Thursday.

Total non-farm payroll employment rose by 4.8 million in June, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 3.2 million to 17.8 million. These numbers mark the second month of both increasing jobs and dropping unemployment since the country lost a record 20.5 million jobs due to the coronavirus pandemic closures.

Study: Unemployment Pays Better Than Work for 68 Percent of U.S. Workers

July 2, 2020July 1, 2020 Virginia Star Staff

The federal unemployment insurance emergency payments of an additional $600 per week to those laid off because of COVID-19 restrictions discourages work and slows down economic recovery, several reports indicate. Several congressmen have introduced proposals to address the issue.

A report published by the Foundation for Government Ability (FGA) found that by nearly tripling average unemployment benefits through the CARES Act, “Congress has created a situation where unemployment now pays better than work” for roughly 68 percent of U.S. workers.

As Jobless Claims Slow, New Numbers Show Damage from Virus

June 25, 2020June 25, 2020 The Associated Press

The number of laid-off workers seeking U.S. unemployment benefits dipped only slightly last week, and the economy shrank in the first three months of the year — evidence of the ongoing economic damage being inflicted by the viral pandemic.

1.5 Million More Laid-off Workers Seek Unemployment Benefits

June 11, 2020June 11, 2020 Virginia Star Staff

About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.

The latest figure from the Labor Department marked the 10th straight weekly decline in applications for jobless aid since they peaked in mid-March when the coronavirus hit hard. Still, the pace of layoffs remains historically high.

New U.S. Unemployment Claims Drop Below 2 Million, but Total Claims Top 42 Million

June 4, 2020June 4, 2020 Virginia Star Staff

The number of new unemployment claims filed last week dropped to 1.88 million, the first time weekly claims didn’t exceed 2 million since mid-March.

Still, the total number of claims filed since government restrictions closed businesses deemed nonessential to slow the spread of COVID-19 surpassed 42 million in the 11 weeks since states began shutting down significant parts of their economy.

US Job Losses in May Could Raise 3-Month Total to 30 Million

June 3, 2020June 3, 2020 The Associated Press

The epic damage to America’s job market from the viral outbreak will come into sharper focus Friday when the government releases the May employment report: Eight million more jobs are estimated to have been lost. Unemployment could near 20%. And potentially fewer than half of all adults may be working.

Beneath the dismal figures will be signs that job cuts, severe as they are, are slowing as more businesses gradually or partially reopen. Still, the economy is mired in a recession, and any rebound in hiring will likely be painfully slow. Economists foresee unemployment remaining in double-digits through the November elections and into 2021.

U.S. Unemployment Claims Top 40 Million Since March

May 28, 2020November 9, 2020 Virginia Star Staff

More than 40 million Americans have filed unemployment claims since mid-March, when state governments across the U.S. began restrictions to slow the spread of COVID-19, including closing businesses deemed nonessential.

Last week, an additional 2.12 million workers filed claims, according to U.S. Department of Labor data released Thursday, the 10 consecutive week in which new jobless claims were in the millions. The 2.12 million claims from the week ending July 23 is down 323,000 from the 2.44 million workers who filed for benefits in the week ending May 16 and is the lowest number of new claims since the week ending March 15.

Commentary: America’s Youth Experience a Great Awakening, Coronavirus-Style

May 22, 2020May 21, 2020 Virginia Star Staff

The Great Awakening.

History books tell us “The Great Awakening” was (according to Wikipedia), “The First Great Awakening (sometimes Great Awakening) or the Evangelical Revival was a series of Christian revivals that swept Britain and its Thirteen Colonies between the 1730s and 1740s. The revival movement permanently affected Protestantism as adherents strove to renew individual piety and religious devotion. The Great Awakening marked the emergence of Anglo-American evangelicalism as a trans-denominational movement within the Protestant churches. In the United States, the term Great Awakening is most often used, while in the United Kingdom, it is referred to as the Evangelical Revival.”

‘Don’t Screw Us Over,’ Ohio Workers Warn Candidates

October 8, 2018October 7, 2018 Admin

by Ramon Taylor Brandy Corwin likes that she can now wear makeup and nice clothes to work. That is because she is no longer working on the assembly line at the General Motors plant in Fort Wayne, Indiana. “I was laid off multiple times, and having a family, you can’t…

Great Economic News Bedevils Trump Detractors

September 19, 2018September 18, 2018 Admin

by Rick Manning The incredibly positive economic data that keeps coming out from both private and public sector sources leads to one overriding question: Will the Trump economic detractors ever get tired of being wrong? Over the course of the past six months, we have heard how tariffs against the…

Tennessee Adds 45,000 Jobs Over Past Year

June 8, 2018June 7, 2018 Jason M. Reynolds

Tennessee’s unemployment rates remain low and the state added 45,000 jobs the past year, the National Federation of Independent Business said. According to the March 2018 numbers from the Tennessee Department of Labor and Workforce Development, 82 of the state’s 95 counties saw lower unemployment rates that month than they…