Georgia jobless rate falls in May as some return to work

Georgia jobless rate falls in May as some return to work

Georgia’s jobless rate fell to 9.7% in May from 12.6% in April as nearly 150,000 workers reported being back on the job.

Georgia’s jobless rate fell to 9.7% in May from 12.6% in April as nearly 150,000 workers reported being back on the job.

US mortgage rates fall; 30-year at all-time low of 3.13%

US mortgage rates fall; 30-year at all-time low of 3.13%

Long-term U.S. mortgage rates fell this week as the benchmark 30-year home loan reached a new all-time low.

Long-term U.S. mortgage rates fell this week as the benchmark 30-year home loan reached a new all-time low.

Georgia issues 3rd COVID-19-related evictions hold

Georgia issues 3rd COVID-19-related evictions hold

Renters in danger of losing their place to live are getting another reprieve. The Georgia Supreme Court has extended for the third time the judicial emergency, which means a temporary halt to evictions. 

Renters in danger of losing their place to live are getting another reprieve. The Georgia Supreme Court has extended for the third time the judicial emergency, which means a temporary halt to evictions. 

Fed Chairman Jerome Powell warns that long downturn would mean severe damage

Fed Chairman Jerome Powell warns that long downturn would mean severe damage

“The longer the downturn lasts, the greater the potential for longer-term damage from permanent job loss and business closures,” Powell said. “Long periods of unemployment can erode workers’ skills and hurt their job prospects.”

“The longer the downturn lasts, the greater the potential for longer-term damage from permanent job loss and business closures,” Powell said. “Long periods of unemployment can erode workers’ skills and hurt their job prospects.”

Some tribes reopen their casinos despite state opposition

Some tribes reopen their casinos despite state opposition

Some federally recognized tribes have pushed ahead with plans to reopen their casinos despite opposition from governors who have little to no say in the matter.

Some federally recognized tribes have pushed ahead with plans to reopen their casinos despite opposition from governors who have little to no say in the matter.

1.5 million more laid-off workers seek unemployment benefits

1.5 million more laid-off workers seek unemployment benefits

About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.

About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.

US employers laid off 7.7 million workers in April

US employers laid off 7.7 million workers in April

U.S. employers laid off 7.7 million workers in April _ a sign of just how deep the economic hole is after the closure of thousands of offices, restaurants, stores and schools during the pandemic.

U.S. employers laid off 7.7 million workers in April _ a sign of just how deep the economic hole is after the closure of thousands of offices, restaurants, stores and schools during the pandemic.

Georgia budget gap passes $850 million as revenues again lag

Georgia budget gap passes $850 million as revenues again lag

With a month left in the current budget year, Georgia’s shortfall widened to more than $850 million in May.

With a month left in the current budget year, Georgia’s shortfall widened to more than $850 million in May.

BP to cut 10,000 jobs worldwide amid COVID-19 pandemic

BP to cut 10,000 jobs worldwide amid COVID-19 pandemic

Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP’s global workforce of 70,000 people and come mostly this year.

Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP’s global workforce of 70,000 people and come mostly this year.

US unemployment drops unexpectedly to 13.3% amid outbreak

US unemployment drops unexpectedly to 13.3% amid outbreak

The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.

The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.

Wall Street's rally zooms higher after surprise gain in jobs

Wall Street's rally zooms higher after surprise gain in jobs

The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.

The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.

Georgia DOL makes online UI forms easier to understand

Georgia DOL makes online UI forms easier to understand

Unemployment claims continue for the second week to head down. That’s good news, but still many are having trouble filing out those unemployment claims. 

Unemployment claims continue for the second week to head down. That’s good news, but still many are having trouble filing out those unemployment claims. 

JCPenney shutting down 154 stores after coronavirus-driven bankruptcy

JCPenney shutting down 154 stores after coronavirus-driven bankruptcy

Nearly three weeks after JCPenney filed for Chapter 11 bankruptcy, the company has announced it will close down 154 stores nationwide in 38 states as a first step in reorganizing the business.

Nearly three weeks after JCPenney filed for Chapter 11 bankruptcy, the company has announced it will close down 154 stores nationwide in 38 states as a first step in reorganizing the business.

FTC warns of ‘large scale’ unemployment fraud scam amid coronavirus pandemic

FTC warns of ‘large scale’ unemployment fraud scam amid coronavirus pandemic

The Federal Trade Commission (FTC) is warning of a “large-scale scam erupting in the midst of the coronavirus pandemic” involving impostors who are filing claims for unemployment benefits using the personal information of people who have not filed any claims. 

The Federal Trade Commission (FTC) is warning of a “large-scale scam erupting in the midst of the coronavirus pandemic” involving impostors who are filing claims for unemployment benefits using the personal information of people who have not filed any claims. 

1.9 million seek jobless aid even as reopenings slow layoffs

1.9 million seek jobless aid even as reopenings slow layoffs

Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.

Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.

Stocks fight for gains after Trump vows to quell rioting

Stocks fight for gains after Trump vows to quell rioting

U.S. equity markets fought for gains Tuesday after President Trump threatened to deploy the military to quell violence and looting in cities across America after the death of a black man in police custody in Minneapolis.

U.S. equity markets fought for gains Tuesday after President Trump threatened to deploy the military to quell violence and looting in cities across America after the death of a black man in police custody in Minneapolis.