DOL: Social media threads offer bad unemployment benefits advice
New unemployment figures are out. Georgia is at the highest unemployment rate on record, nearly 12 percent. It passed the previous record from the Great Recession which was 10.6 percent a decade ago.
Nearly 39 million have sought US jobless aid since virus hit
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
JCPenney files for bankruptcy as coronavirus pushes retailer over edge
Retailer JCPenney filed for Chapter 11 bankruptcy protection after the coronavirus pandemic forced stores to shut, the company announced Friday evening, joining J. Crew and Neiman Marcus.
Auto workers' tenuous return a ray of hope in jobs crisis
About 133,000 U.S. workers — just over half of the industry’s workforce before the pandemic — are expected to pour back into auto plants that will open in the coming week, according to estimates by The Associated Press.
US retail sales plunged 16% in April as virus froze economy
U.S. retail sales tumbled 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy.
50 percent of current unemployment claims not done correctly
Unemployment figures are still rising in the state, but it’s expected to level off soon.
3 million more US layoffs intensify fears of lasting damage
Roughly 36 million people have now sought jobless aid in just the two months since the coronavirus first forced businesses to close down and shrink their workforces, the government said Thursday.
New graduates scramble to find work amid COVID-19's job drought
LinkedIn analysis revealed the hiring rate plummeted more than 20 percent in April from an already depressed level in March.
Powell warns of a possible sustained recession from pandemic
Additional rescue aid from government spending or tax policies, though costly, would be “worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” Federal Reserve Chair Jerome Powell said.
If your unemployment debit card hasn't arrived report it lost
Your questions about unemployment benefits keep rolling in. It’s frustrating; we get it. FOX 5's Dana Fowle can’t answer everything, but she's trying to chip away at as many of these as she possibly can without being able to actually see your files.
Restaurants start to feel the percentage cuts taken by third party delivery services
A post from a Chicago food truck owner has gone viral. It shows the breakdown of his cut from delivery service Grub Hub.
Many Georgia unemployment hiccups due to certification issues
It’s been weeks now that many of you have tried to file for unemployment. And we know it hasn’t been easy.
Consumer debt surged to $14.3T before worst of coronavirus crisis, Fed says
Mortgage balances, the largest component of household debt in the U.S., jumped by $156 billion in the first quarter.
Fed's rent protection doesn't cover 75 percent of renters
For families living paycheck-to-paycheck, paying rent was already a struggle. But the CARES Act, which provides protection from eviction right now, is a lifesaver for some but not most renters.
US jobless claims soar past 30 million as 3.8 million more workers seek aid
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
Half of working-age Americans might not have a paycheck in May as layoffs surge
Fewer than half of working-age Americans could earn a paycheck in May as the coronavirus pandemic triggers millions of job losses.
US economy shrank at 4.8% rate last quarter as coronavirus struck
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
Credit card issuers will lower credit limits amid coronavirus outbreak
Many families may rely on credit cards to get through this tough time, but know that credit card companies are very likely about to lower your credit limit. This happened to most of us during the recession in 2008. That $3,000 card limit card was suddenly $1,500.
Pandemic unemployment assistance is in the mail
Unemployment numbers continue to rise. A Georgia Department of Labor spokeswoman reports they processed last month more than one million claims. That’s more than the combined total for the previous three years. But starting today, some businesses are allowed to re-open. But what does this do to employees still seeking benefits?
Social Security and Medicare funds at risk even before coronavirus pandemic
For Social Security, the projected 2035 date for exhausting the trust fund reserves means that it would be able to pay only 79% of benefits.