Unemployment drops as jobs post gain. The Labor Department released its labor figures for May, and they surprised everyone, except for perhaps a highly optimistic President Trump. The…
Read MoreEmployment
IRS to Allow Benefit Changes Mid-year
With employer consent, workers can adjust their coverage. The IRS recently announced that, for the remainder of 2020, employees can change their health coverage programs as long as…
Read More
President Considering “Return to Work” Bonus
Temporary incentive could encourage workers to return. On Tuesday, Larry Kudlow, the president’s economic adviser, said that President Trump and the Administration are looking carefully at a potential…
Read More
Senators Introduce Paycheck Protection Program Updates
Bipartisan bill would extend the period to use funds by 16 weeks. New legislation has been presented by Senators Angus King, and Steve Daines to allow businesses to…
Read More
Unemployment Tops 39 Million
Fed Chairman expects peak in May or June. The Department of Labor announced on Friday that claims for unemployment had risen to roughly 39 million Americans. These numbers…
Read More
Employment Turnaround Coming Soon, White House Says
A fourth round of stimulus should help get things moving. White House economic adviser Kevin Hassett said Friday that June could mark a turning point in massive joblessness…
Read More
Secretary Mnuchin Warns Unemployment Beneficiaries
Return to work if you are asked to, he urges. In testimony before the Senate Banking Committee on Tuesday, Treasury Secretary Steven Mnuchin warned that individuals who reject…
Read More
Another 2.98 Million Americans File Unemployment
More than 36 million people have now filed jobless claims. The Labor Department said Thursday that another 2.98 million people filed the first time for unemployment benefits last…
Read More
President Responds to 14.7% Unemployment
The economy lost 20.5 million jobs in April. The Labor Department released new unemployment data on Friday that shows the nation lost 20.5 million total jobs in April…
Read More
Unemployment Up, Consumer Spending Down
Another 3.8 million Americans filed for unemployment last week. While the pace of unemployment filings has slowed since its peak in late March, the number of workers who…
Read More