A rush to get out checks resulted in claims being paid that shouldn't have been paid.
Many jobs will not be coming back after the covid-19 crisis ends. We can say goodbye to millions of jobs as events unfold and markets evolve.
US Virgin Island residents earlier this week were reporting to the Consortium that unemployment insurance checks provided to them by the Dept. of Labor were worthless.
Before readers know it, restaurants of the future will have their entire front-end automated, nevertheless, the backend where the food is prepped will be operated by robot chefs.
Politicians have destroyed more than 13 million jobs this year in a deluge of edicts aimed to fight the COVID-19 pandemic.
The "take this job and shove it" exodus is silently gathering momentum.
One week ago, New York City Mayor Bill de Blasio announced that he will furlough himself and his City Hall staff for one week as the city weathers a budget (and everything else too) crisis. "We've already had to make some tough cuts," de
In the Fed's latest Flow of Funds report released at noon today, the Fed unveiled the latest snapshot of the US "household" sector as of June 30 2020.
Unemployment skyrocketed in March and April, during the worst stage of the pandemic and the lockdowns that followed.
It's been an ugly year, performance-wise, for the man that the entire industry seemed to be worshiping, without question, heading into 2020. Ray Dalio's Bridgewater Associates is down 18.6% for the year, as of the end of August.
Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the new shocking numbers that show 52% of all millennials currently live with their parents.
Amazon announced on Monday that its planning to hire 100,000 new employees in the US and Canada on top of the 33,000 corporate new hires it announced last week.
SHIPPERS, MEET CARRIERS. CARRIERS, MEET SHIPPERS.
The language used to describe recent employment data is confusing.
MGM Resorts, which operates one of the biggest casino-hotels in Las Vegas, announced this weekend that they'll be laying 18,000 employees on Monday.
Insanity is doing the same thing over and over again, but expecting different results.
Google has career certificates that can replace the four-year degree.
Just 12 days before the convention aired, WarnerMedia announced massive layoffs across its companies, primarily in its DC Comics arms. Was the party worth it?
The world has reacted with horror at Gmail doing down, but the absence of emails has likely boosted workplace productivity.
More than 35 million American workers have filed for unemployment since March, and millions are still waiting to receive benefits. Their stories expose a truth that can no longer be ignored: The system is built to fail.
Over the last week, just under 1 million people filed for ordinary unemployment benefits, plus another half-million under the special pandemic unemployment program for people who don't ordinarily qualify, a substantial decline from some of the number
The auto industry continues to grapple with one of the worst recessions ever for the notoriously capital intensive sector.
Readers may recall as early as April we outlined how mortgage lenders were preparing for the most significant wave of delinquencies in history as tens of millions of people lost their jobs because of the virus-induced recession.
With the BLS's JOLTs, or job openings and labor turnover survey, coming in with an extra month delay, we already knew that both the June and July jobs data would come in well stronger than expected, after the record surge in May (if only after the ca
With the BLS's JOLTs, or job openings and labor turnover survey, coming in with an extra month delay, we already knew that both the June and July jobs data would come in well stronger than expected, after the record surge in May
Tax preparers are concerned that many of the millions of Americans receiving unemployment benefits due to the pandemic are unaware that they might owe money to the IRS next year.
You may have noticed that food prices have started to go up very aggressively. I repeatedly warned my readers that this is precisely what would happen, and more price increases are on the way.
Despite the coronavirus and millions of jobless claims driving the U.S. economy deeper into recession, the flood of credit card delinquencies that some predicted has yet to materialize.
The cost of groceries has been rising at the fastest pace in decades since the coronavirus pandemic seized the U.S. economy, leading to sticker shock for basic staples such as beef and eggs and forcing struggling households to rethink how to put enou
Economic Nightmare: Nearly 50 Percent Of All The Jobs Lost During The COVID-19 Pandemic "May Be Gone Permanently"