All these are in addition to the more than 40 million people -- or 1 in 4 Americans -- who have filed for first-time traditional jobless benefits since stay-at-home orders triggered by the outbreak began in mid-March. The sky-high number of claims has overwhelmed state unemployment agencies, which have had to upgrade their technology and augment their call centers to handle the crush of filers. … [Read more...] about Millions of freelancers still wait for coronavirus unemployment benefits
Unemployment
State To Hire Nearly 2,000 Temporary Staffers To Help Manage Surge In Unemployment Applications
The EDD currently has about 1,200 regular staff members processing unemployment insurance claims as well as 1,300 state employees who have been redirected to assist the agency in dispersing benefits to the millions across the state who are out of work due to the pandemic. … [Read more...] about State To Hire Nearly 2,000 Temporary Staffers To Help Manage Surge In Unemployment Applications
Bank economists see US unemployment lingering above 10 percent through year’s end
Four of the panel’s economists expected GDP to drop less than 5 percent over the year, while four projected a decline of more than 8 percent. Projections of the unemployment rate by the end of 2020 range from less than 7 percent to 18 percent, while expectations for 2021 ranged from less than 5 percent to 13 percent. … [Read more...] about Bank economists see US unemployment lingering above 10 percent through year’s end
Kudlow: ‘We Probably Haven’t Peaked in Unemployment’
“You know, the things are looking better, OK?” he said. “Now, we are still in the pandemic contraction. We probably haven’t peaked in unemployment, and the numbers coming in the weeks ahead are going to be very poor here in the second quarter. It’s a lot of hardship, a lot of heartbreak, OK, a lot of anxiety, so it certainly isn’t over. But, but, but, but I will say this. The virus is flattening and coming downward. The openings are coming across the country. Businesses are opening. New business applications are opening. There’s kind of a list, Steve, of all the – you know, I call them glimmers of hope and growth. Cars are driving more. Gasoline prices are up. The Apple Mobility Index is up.” … [Read more...] about Kudlow: ‘We Probably Haven’t Peaked in Unemployment’
The Hill’s Coronavirus Report: Unemployment claims now at 41 million with 2.1 million more added to rolls; Topeka mayor says cities don’t have enough tests for minorities and homeless communities
Singaporean scholar and diplomat Kishore Mahbubani wrote essentially the same thing in The Hill. In particular, Mahbubani calls for strategic focus, and his hypothetical question of “what would Churchill do?” in such times — perhaps as a way of reaching the reading pile of President TrumpDonald John TrumpMinneapolis erupts for third night, as protests spread, Trump vows retaliation Stocks open mixed ahead of Trump briefing on China The island that can save America MORE. The Cliff Notes version: Don’t carry on a trade war with China and block scientists from working together across those two key nations when they are both under siege from a vicious and destructive, highly contagious virus. … [Read more...] about The Hill’s Coronavirus Report: Unemployment claims now at 41 million with 2.1 million more added to rolls; Topeka mayor says cities don’t have enough tests for minorities and homeless communities
