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April 15, 2021

Unemployment

Tennessee lawmakers to consider reducing eligibility time for unemployment benefits

WashingtonExaminer
USA TODAY – For more and to sign up click here A bill that would change how long Tennesseans can receive unemployment benefits is scheduled to be discussed Wednesday in a House subcommittee. House Bill 1039, sponsored by Rep. Kevin Vaughan, R-Collierville, would reduce the number of weeks that eligible......

Minnesota Republicans to pitch plan to spend federal stimulus money on hard-hit industries, unemployment fund, and infrastructure

WashingtonExaminer
USA TODAY – For more and to sign up click here Senate Majority Leader Paul Gazelka, R-East Gull Lake, and Sen. Zach Duckworth, R-Lakeville, on Friday announced a package aiming to spend billions of federal dollars on hard-hit industries, filling the unemployment fund, and infrastructure plans. “These one-time funds provide......

Some Illinois businesses report problems bringing workers back, citing unemployment benefits

WashingtonExaminer
USA TODAY – For more and to sign up click here Part of the process of certifying unemployment benefits includes Illinois employers appealing claims, but more than a year into the pandemic, one employer says that’s not happening. With more open and warmer months ahead, businesses are having problems finding......

IRS will start sending tax refunds on up to $10,200 in unemployment insurance in May. Here’s who qualifies

CNBC
CNBC – For more and to sign up click here Americans who collected unemployment insurance in 2020 and filed their taxes before claiming a new tax break on the benefits can expect to receive an automatic refund in May, the IRS announced this week. The agency announced last month that......

Canada adds 303,100 jobs in March, unemployment rate falls to 7.5%

Reuters
FILE PHOTO: A sign advertising available jobs at the Clocktower Brew Pub hangs in a window in Ottawa, Ontario, Canada, November 9, 2017. REUTERS/Chris Wattie OTTAWA (Reuters) – Canada added 303,100 jobs in March, easily beating expectations, and the unemployment rate fell to 7.5%, its lowest point since the beginning......

Louisiana unemployment rate falls to lowest level since before COVID-19 pandemic

WashingtonExaminer
USA TODAY – For more and to sign up click here Louisiana’s unemployment rate reached its lowest point since before the COVID-19 pandemic in February, though the state still had 158,000 fewer nonfarm jobs than during the same month last year, according to the Louisiana Workforce Commission. The numbers in......

6 million people applied for unemployment a year ago. They’re still near pre-pandemic highs

CNBC
CNBC – For more and to sign up click here A person walks under a marquis for a closed down Paramount theater in Oakland, Calif. on Feb. 12, 2021. JOSH EDELSON | AFP | Getty Images It’s been a year since unemployment claims peaked at nosebleed levels and signaled the......

Weekly jobless claims higher than expected

CNBC
CNBC – For more and to sign up click here First-time claims for unemployment insurance rose more than expected last week despite other signs of healing in the jobs market, the Labor Department reported Thursday. First-time claims for the week ended April 3 totaled 744,000, well above the expectation for......

Fed’s Brainard says the economy is improving but is still ‘far from’ where it needs to be

CNBC
CNBC – For more and to sign up click here Federal Reserve Governor Lael Brainard said Wednesday that while the U.S. economic outlook has “brightened considerably,” it remains well away from the central bank’s goals. “Brighter outlook, but of course our monetary policy forward guidance is premised on outcomes not......

States are again requiring a job search to keep unemployment benefits

CNN
USA TODAY – For more and to sign up click here While some experts feel this will give workers a push to jump back into the labor force, some advocates fear that it may lead to many struggling residents losing their benefits, risking their health or taking jobs that don’t......

Amended return may be needed to get full refund on $10,200 unemployment tax break, IRS says

CNBC
CNBC – For more and to sign up click here $10,200 unemployment tax break The American Rescue Plan waived federal tax on up to $10,200 of unemployment benefits, per person, received in 2020. However, President Joe Biden signed the $1.9 trillion Covid relief measure on March 11 — about a......

Consumer protection group proposes rule to prevent foreclosures until 2022

CNBC Real Estate
The Consumer Financial Protection Bureau proposed a rule Monday to prevent a wave of foreclosures this fall, when certain Covid-era protections for homeowners are set to expire. The proposal, which would need final approval, generally prohibits mortgage servicers from initiating foreclosure proceedings against delinquent borrowers until after Dec. 31, 2021.......

Here’s where the jobs are — in one chart

CNBC
CNBC – For more and to sign up click here U.S. employers hired far more workers than expected in March 2021 as the accelerating pace of Covid-19 vaccinations continued to fuel hiring in the leisure and hospitality and at state and local governments. The construction industry also posted a strong......

Jobs report blows past expectations as payrolls boom by 916,000 in March

CNBC
CNBC – For more and to sign up click here Job growth boomed in March at the fastest pace since last summer as stronger economic growth and an aggressive vaccination effort contributed to a surge in hospitality and construction jobs, the Labor Department reported Friday. Nonfarm payrolls increased by 916,000......

Planning to invest your $1,400 stimulus check? Why a Roth IRA may make sense

CNBC
CNBC – For more and to sign up click here Morsa Images | E+ | Getty Images A new set of $1,400 stimulus checks may tempt some recipients who don’t really need the money to instead dabble in the stock market. Depending on your goals, a brokerage account may not......

Weekly jobless claims higher than expected despite signs of labor market improvement

CNBC
CNBC – For more and to sign up click here First-time claims for jobless benefits were higher than expected last week, with 719,000 more workers heading to the unemployment line, the Labor Department reported Thursday. The total compared with the 675,000 estimate from Dow Jones and was above last week’s......

IRS refunds will start in May for $10,200 unemployment tax break

CNBC
CNBC – For more and to sign up click here Samuel Corum/Bloomberg via Getty Images The IRS will start issuing tax refunds in May to Americans who filed their returns without claiming a new break on unemployment benefits, the federal agency said Wednesday. The American Rescue Plan waived federal tax......

Fourth stimulus checks are unlikely. Here’s what federal aid could be coming next

CNBC
CNBC – For more and to sign up click here As vaccines ramp up and the economy reopens, many individuals and families may be eager to see this side effect of the Covid-19 pandemic continue: government stimulus checks. A recent poll from Data for Progress found 65% of Americans are......

21 Senate Democrats urge Biden to put recurring stimulus checks, unemployment aid extension in recovery plan

CNBC
CNBC – For more and to sign up click here Senator Elizabeth Warren speaks as Senator Bernie Sanders looks on. Andrew Harrer | Bloomberg | Getty Images More Senate Democrats are pressuring President Joe Biden to extend rescue measures as the U.S. recovers from a coronavirus-fueled economic drubbing. Twenty-one members......

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