unemployment

Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment Insurance is a joint state-federal program that provides cash benefits to eligible workers. The benefits partially replace wages to help unemployed workers meet their financial obligations while looking for work.

Source: usa.gov

Layoffs Rise 20% in May Led by Technology and Retail
Layoffs Rise 20% in May Led by Technology and Retail
June 01, 2023  |  Economy

There were 80,089 job cuts announced by United States-based employers in May, with the technology sector being hardest hit. The total number of job cuts announced in...

READ MORE >
Unemployment Numbers Drop Sharply Following Fraudulent Claims
Unemployment Numbers Drop Sharply Following Fraudulent Claims
May 18, 2023  |  Economy

Unemployment claims plummeted following the revelation that fraudulent claims had driven up recent figures. The sharp drop in weekly claims reported Thursday (May 18) by the U.S....

READ MORE >
Report: Remote Work Persists as Unemployment Stays Low
Report: Remote Work Persists as Unemployment Stays Low
May 16, 2023  |  Economy

Don’t write any obituaries for the age of remote work just yet. A report Tuesday (May 16) by The Wall Street Journal finds that getting...

READ MORE >
US Jobless Claims Rise Along With Labor Costs
US Jobless Claims Rise Along With Labor Costs
May 04, 2023  |  Economy

U.S. unemployment claims climbed last week — as did the cost of labor — as productivity fell. That’s according to government data released Thursday (May...

READ MORE >
McDonald’s Lays off Hundreds of Corporate Employees Amid Restructuring
McDonald’s Lays off Hundreds of Corporate Employees Amid Restructuring
April 07, 2023  |  Personnel

A weeklong, multipart series of layoffs and other changes reportedly impacted hundreds of McDonald’s employees. As part of its restructuring, the quick-service restaurant (QSR) chain...

READ MORE >
Lingering Pandemic-Related Trends Contribute to Labor Shortage
Lingering Pandemic-Related Trends Contribute to Labor Shortage
April 05, 2023  |  Economy

Americans are still working less than they did before the pandemic. The percentage of Americans working remains a percentage point lower than it was in...

READ MORE >
Amazon Cuts Over 100 Games Division Jobs
Amazon Cuts Over 100 Games Division Jobs
April 04, 2023  |  Personnel

Amazon has laid off more than 100 employees in its Games division and reassigned some others. The moves come after the division evaluated its “current...

READ MORE >
Jobless Claims Climb by 7K Following Previous Week’s Drop
Jobless Claims Climb by 7K Following Previous Week’s Drop
March 30, 2023  |  Economy

U.S. unemployment claims increased last week amid what remains a strong labor market. Initial jobless claims rose by 7,000 to a seasonally adjusted 198,000 for...

READ MORE >
Number of Initial Jobless Claims Drops by 1,000
Number of Initial Jobless Claims Drops by 1,000
March 23, 2023  |  Economy

A thousand fewer Americans applied for unemployment last week than did so the previous week. The advance figure for initial claims was 191,000 for the...

READ MORE >