A. I. is rapidly gaining on human coders when it comes to writing software Read More
Tag: Unemployment
Learning to code will not save your kids
A. I. is rapidly gaining on human coders when it comes to writing software Read More
Nearly 80% of the 346,000 workers who vanished from the U.S. labor force in January are women
The pandemic forced another 275,000 women out of the U.S. labor force in January, worsening the catastrophic employment crisis for working women. Women accounted for almost 80% of U.S. adults who stopped working or looking for work last month, according to an analysis of Friday’s jobs report by the National Women’s Law Center. More than […]
Still waiting on your $300 unemployment benefit to start? What you need to know
The streak of seven consecutive months of job growth has come to an end, as the country netted 140,000 lost jobs in December. Those layoffs come at a time when more than 19 million Americans are still receiving unemployment benefits. The good news? Aid is on its way. The $900 billion stimulus package signed into […]
At this rate it could take 3 years for employment to recover—But here’s how stimulus could help
The recovery of the U.S. economy is clearly in a precarious spot. The unemployment rate for December remained flat from November at 6.7%, and the economy lost 140,000 jobs for the month—the first monthly net loss since April. For economists like Moody’s Analytics’ Mark Zandi, “December was a bad month for a bad year,” he […]
The COVID recession may kill more Americans than COVID-19 does
The economic effects of COVID-19 could prove deadlier than the disease itself. So says just-released research, which concludes that the total lives lost to the virus in the U.S. may “far exceed those immediately related to the acute COVID-19 critical illness…. [T]he recession caused by the pandemic can jeopardize population health for the next two decades.” The […]
By one measure, this recovery is 10 times faster than the one after the Great Recession—but there’s a catch
The early months of the coronavirus pandemic saw the U.S. economy plunge at its fastest rate in history. Over a two-month period, the jobless rate shot up from 3.5% in February 2020 to 14.7% in April—its highest level since 1940—while second quarter GDP declined 32.9% on an annualized basis. During this period the Congressional Budget […]
Stimulus update: When to expect $600 checks and $300 enhanced unemployment payments
You can’t blame Americans for being eager to receive their stimulus money: With a weakening economic recovery and an out-of-control pandemic, the direct payments included in the $900 billion stimulus package signed into law by President Donald Trump on Dec. 20 are literally a lifeline for millions of Americans. That $900 billion economic aid package […]
Trump’s delayed signing of the new relief bill won’t create a loss of unemployment payments after all
A $900 billion stimulus bill passed into law on Sunday will, along with other programs, provide extended and enhanced unemployment benefits to millions of Americans. But leading up to the bill’s passage, state agencies and labor experts believed that President Donald Trump’s delay in signing the bill would create a one-week gap in benefits for […]
The fate of $2,000 stimulus checks gains momentum, increasing the pressure on Senate Republicans
President Donald Trump’s push for $2,000 COVID-19 relief checks now rests with the Senate after the House voted overwhelmingly to meet the president’s demand to increase the $600 stipends, but Republicans have shown little interest in boosting spending. The outcome is highly uncertain heading into Tuesday’s session. Senate Majority Leader Mitch McConnell has declined to […]