unemployment
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Zomato axes 13% workforce, cuts salary up to 50% for all; work from home to become permanent feature
The coronavirus-induced lockdown has led to many organisation announcing job cuts. The latest is Zomato, the online food delivery major. CEO Deepinder Goyal on Friday announced job cuts to nearly 13 percent of the firm’s workforce — over 600 employees — via Zoom calls, along with salary cuts for the rest of the employees for […] More
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40% of low-income Americans lost their jobs in March and April, according to Fed
Car line up at a drive-thru Three Square Food Bank emergency food distribution site at Boulder Station Hotel & Casino in response to an increase in demand amid the coronavirus pandemic on April 29, 2020 in Las Vegas, Nevada. Three Square is currently operating dozens of emergency distribution sites at various times and dates throughout […] More
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Americans got $48 billion in unemployment benefits in April
A store in Arlington, Virginia, remained temporarily closed on May 14, 2020. Another 3 million people filed initial unemployment claims last week on a seasonally adjusted basis, according to the Department of Labor. Olvier Douliery-AFP/Getty Images States paid a record $48 billion in unemployment benefits last month as the coronavirus pandemic caused millions of Americans […] More
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Here’s how you can make money during the coronavirus pandemic
It may be time to get creative when it comes to making money. If you are among the millions of Americans without work amid the coronavirus pandemic, you’re facing roadblocks not seen in years. With unemployment hitting post-World War II records and shelter-in-place restrictions ongoing, competition is fierce for the jobs that are available. That’s why experts suggest […] More
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Any extension of $600 unemployment benefits would help these jobs most
A view of new York State Department of labor office in Flushing Queens during coronavirus pandemic on April 12, 2020. (Photo by John Nacion/NurPhoto via Getty Images) NurPhoto Democrats want to give Americans larger unemployment checks until next year. Certain workers — particularly those in lower-paying industries like accommodation and food services — stand to benefit […] More
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Here’s where people are turning for cash as household income plummets
People wait in a food bank line in Brooklyn, New York, April 24. Angela Weiss | AFP | Getty Images The economic impact of coronavirus has put a dent in Americans’ finances: Nearly 1 in 3 individuals has experienced a decline in income since the pandemic arrived. Those are the results from a new survey […] More
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House Democrats stimulus bill includes a second round of $1,200 checks
US House Speaker Nancy Pelosi speaks to the press before signing the additional 484 billion dollar relief package amid the coronavirus pandemic at the US Capitol in Washington, DC, on April 23, 2020. Nicholas Kamm | AFP | Getty Images Democrats in the House of Representatives unveiled their proposal for a new stimulus package that […] More
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Democrats propose to continue $600 unemployment checks until 2021
In the massive legislative package House Democrats unveiled on Tuesday to inject more relief into an economy battered by the coronavirus, unemployed Americans would get an extra $600 a week through the end of the year. In the stimulus bill Congress passed in March, many jobless Americans became eligible for that weekly payment on top […] More
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She’s waited over 50 days for her unemployment check
Sandi Bochum Source: Donna Aceto Eight weeks after Sandi Bochum applied for unemployment benefits in New York, she’s still waiting for a check. The 75-year-old video journalist’s income has dried up, thanks to the coronavirus pandemic, which has prevented her from getting on the subway or an airplane to shoot events. “I’m completely paralyzed,” said Bochum, […] More
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Florida unemployment benefits delayed as residents face eviction
Normally bustling Lincoln Road Mall in Miami Beach, Florida, is seen nearly empty on May 8, with most businesses closed due efforts to contain Covid-19. Joe Raedle/Getty Images Florida residents are growing increasingly frustrated by the state’s lag in paying unemployment benefits — a drama unfolding as home and rental evictions may soon begin anew. States […] More
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Consumer advocate fears rise of vehement debt collectors amid pandemic
Richard Cordray, former director of the Consumer Financial Protection Bureau and author of “Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy” Congress provided borrowers a lifeline when it passed the CARES Act. Whether it will deliver significant relief to consumers remains to be seen. The $2.2 trillion coronavirus relief bill […] More
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130 million stimulus checks have gone out. Which states got the most
US Treasury Refund Check Thomas Winz Millions of Americans have received their federal stimulus checks in the past four weeks. The IRS has updated its data on just how much emergency relief has been sent. And it shows which states received the most money. Congress gave the green light through the Cares Act for the […] More