Markets Record New Highs as Inflation and Unemployment Concerns Mount
Wall Street took a breather from last week’s massive rally but not so much that it still didn’t manage to eke out some record gains.
Read moreWall Street took a breather from last week’s massive rally but not so much that it still didn’t manage to eke out some record gains.
Read moreThe end of the GameStop saga, coupled with hopes for at least $1 trillion in new stimulus funds, has juiced Wall Street bulls to rally markets on their best week in months.
Read moreWith approval from many top economists, Biden said his Covid relief package would quickly fuel economic growth and job creation.
Read moreThe problem could be most acute in California, where officials mailed close to 8 million tax forms last month — more than five times the number they send in a normal year.
Read moreThe paltry increase was driven by gains in the government sector and the professional and business services industry. (CN)
Read moreThe reform package calls for stricter oversight, a streamlined application process and new fraud prevention systems to prevent more unemployment benefits from reaching inmates and imposters.
Read moreAmericans moved over the summer to get away from the risk of getting Covid-19; now another Covid-19 risk has got them packing.
Read moreLawmakers grilled California’s Employment Development Department following two withering audits revealing mismanagement and poor planning.
Read moreImposters and inmates in California filed unemployment claims using fake names like “Poopy Britches” and in one case assuming the identity of a sitting U.S. senator.
Read moreThe myriad shortcomings at the California Employment Development Department have existed — and were audited — since at least the Great Recession, over a decade before the coronavirus pandemic washed California jobs away.
Read moreFour times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the global financial crisis in 2009, a U.N. report said Monday.
Read moreThe latest round of coronavirus shutdowns has pushed California’s unemployment rate to 9% as the state’s jobs recovery continues to lag behind rest of the nation.
Read moreThe number of people taking their own lives in Japan rose for the first time in over a decade last year, as the pandemic reversed years of progress combatting a stubbornly high suicide rate.
Read moreUnemployed Californians say the bank made state benefit cards vulnerable to fraud and that the bank’s customer service and fraud claim systems are deficient.
Read moreFollowing months of slow recovery amid the Covid-19 pandemic, the U.S. reported a spike in claims for jobless benefits.
Read moreA stalled economy recovery took a backslide in December, shedding 140,000 more jobs as coronavirus cases surged during the holiday season.
Read moreUnemployment benefits for millions of Americans struggling to make ends meet were set to lapse at midnight Saturday night unless President Donald Trump signed an end-of-year COVID relief and spending bill that had been considered a done deal before his sudden objections.
Read moreCalifornia’s unemployment rate dropped again in November to 8.2%, marking sixth straight months of improvement as the state added more jobs last month than anywhere else but Texas.
Read moreFederal authorities have charged a former California Employment Development Department worker with impersonating a sitting U.S. senator — purportedly Dianne Feinstein — to receive $21,000 in pandemic unemployment benefits.
Read moreStruggling through pandemic lockdowns and incessant school closures, Californians expect a bleak financial future for the next generation to grow up in the nation’s richest state.
Read more