Unemployment

Governor Newsom, Don’t Wage A Political War On The Gig-Economy In the Middle of The COVID-19 Crisis

Friday, August 14, 2020 - 9:19pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200814005460/en/
    Here are the facts: The coronavirus pandemic is impacting Black and Hispanic communities at a devastatingly disproportionate rate.
  • Unemployment among Blacks and Hispanics stands at 15.8% and 14.7%, respectively, and now exceeds 30% among young people of color.
  • More than 40% of Black businesses and a third of Hispanic businesses have closed since the pandemic began, most of them permanently.
  • It is unconscionable for the State of California to wage a political war on the gig-economy in the middle of this crisis.

CVS Health to Hire Hundreds of New Jobs Across Arizona

Thursday, August 13, 2020 - 2:00pm

These jobs offer Arizona residents a rewarding career opportunity, with flexible hours, advancement potential and a supportive environment while helping people on their path to better health."

Key Points: 
  • These jobs offer Arizona residents a rewarding career opportunity, with flexible hours, advancement potential and a supportive environment while helping people on their path to better health."
  • The influx of new jobs comes at a time of record-high unemployment rates across Arizona and nationwide due to the coronavirus.
  • "We thank CVS Health for its ongoing commitment to our state, and for investing in hundreds of jobs in Arizona."
  • CVS Health employees are united around a common goal of becoming the most consumer-centric health company.

Americans Are Willing to Give up TV, Alcohol and Sports to Never Pay Taxes Again

Thursday, August 13, 2020 - 1:07pm

In the US, roughly 15% percent of the population is currently receiving unemployment benefits,and the economy continues to be impacted by the Coronavirus.

Key Points: 
  • In the US, roughly 15% percent of the population is currently receiving unemployment benefits,and the economy continues to be impacted by the Coronavirus.
  • Members make more calls and use more data over WiFi and do not need wasteful unlimited plans.
  • For Republic Wireless these plans begged the question, "What would people be willing to give up to never pay taxes again?"
  • What Americans are willing to give up in exchange for never having to pay taxes again?

2020 Market Report on Credit Cards in a Post COVID World - Seven Takeaways for the Next Business Cycle - ResearchAndMarkets.com

Thursday, August 13, 2020 - 10:03am

The "Credit Cards in a Post COVID World: Seven Takeaways for the Next Business Cycle" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Credit Cards in a Post COVID World: Seven Takeaways for the Next Business Cycle" report has been added to ResearchAndMarkets.com's offering.
  • This report focuses on the recovery of the credit card business and the COVID-19 pandemic.
  • The good thing about recessions is that they will end and move into the next economic cycle, which economists often call the trough.
  • The bad news is that no one knows when the COVID-19 downturn will level.

Tribeca Capital Group, LLC, Converts COVID-19 Wrongful Termination Claims into Cash with Lawsuit Fundings

Wednesday, August 12, 2020 - 2:50pm

Unemployment levels suddenly jumped to double digits, and over the course of weeks, Americans had filed more than 6 million unemployment claims.

Key Points: 
  • Unemployment levels suddenly jumped to double digits, and over the course of weeks, Americans had filed more than 6 million unemployment claims.
  • If you or a family member suffered a wrongful termination or reduction in wages, Tribeca may be able to help.
  • Hundreds of plaintiffs have turned to Tribeca to convert their court cases into cash when they needed it most.
  • If you need help funding your case, contact Rory Donadio, Tribeca Capital Group, LLC, at 866-388-2288 or visit our website for more information: tribecalawsuitloans.com

Survey: Hourly Workers Will Return to Work If Weekly Unemployment Stimulus Ends Permanently

Wednesday, August 12, 2020 - 11:23am

The report, based on a survey of about 650 gig workers in early August, also shows that many hourly workers (32%) applied for unemployment benefits in the last month but only about half (17%) have actually received benefits.

Key Points: 
  • The report, based on a survey of about 650 gig workers in early August, also shows that many hourly workers (32%) applied for unemployment benefits in the last month but only about half (17%) have actually received benefits.
  • What isn't clear is what hourly workers will do for childcare when they return to work.
  • Most workers (60%) revealed they don't expect to send their children back to school/daycare until 2021.
  • We asked the workers a range of questions about COVID-19, their economic finances, and barriers to work.

Despite Summer Heat, U.S. Shift Work Growth Nearly Frozen

Tuesday, August 11, 2020 - 9:30pm

Workforce Activity Report from Kronos Incorporated for Aug. 3-9 , shift work volume1 struggled to grow half a percentage point, increasing only 0.5% week-over-week.

Key Points: 
  • Workforce Activity Report from Kronos Incorporated for Aug. 3-9 , shift work volume1 struggled to grow half a percentage point, increasing only 0.5% week-over-week.
  • Shift volume remains below totals experienced the week ending July 19 which was the highest volume of activity since hitting the bottom the week ending April 12 while recent average weekly shift growth continues to lag behind what was experienced early in the recovery:
    May average weekly shift growth: 2.7%
    June average weekly shift growth: 1.9%
    July average weekly shift growth: 0.7%
    Region Snapshot: The Northeast2 was the only region to experience a decline during the week ending Aug. 9, with shift volume dropping 0.8% to settle at 15.8% below pre-pandemic shift levels.
  • Manufacturing; retail, hospitality, and food service; and the services and distribution sector all remain converged at 12% below normal with no measurable week-to-week growth.
  • They will need to work through furloughs before the net-new job creation needed to accelerate the economic recovery can gain traction.

Government of Canada launches updated Canada Emergency Wage Subsidy Calculator to support employers

Tuesday, August 11, 2020 - 5:24pm

Today, the Honourable Diane Lebouthillier, Minister of National Revenue, launched an updated and improved Canada Emergency Wage Subsidy online calculator.

Key Points: 
  • Today, the Honourable Diane Lebouthillier, Minister of National Revenue, launched an updated and improved Canada Emergency Wage Subsidy online calculator.
  • The CEWS calculator can be found on the CRA's Canada Emergency Wage Subsidy web page , which includes detailed information to help employers understand how the CEWS can support their employees and operations, who is eligible to apply, and how claim periods are structured.
  • By providing employers with detailed information about their subsidy claim, the CEWS calculator can assist them in making informed decisions about retaining or re-hiring workers.
  • The Canada Emergency Wage Subsidy has enabled employers across the country to keep or re-hire millions of Canadians.

Assessing Next Financial Steps When Coronavirus Relief Programs End

Tuesday, August 11, 2020 - 4:30pm

Thats why its critical to know your options beyond government assistance and prepare for the day when that relief runs out.

Key Points: 
  • Thats why its critical to know your options beyond government assistance and prepare for the day when that relief runs out.
  • Sullivan offers the following tips:
    Stay on unemployment: Regardless of what the feds do, keep filing unemployment claims if youre eligible.
  • Seek alternative assistance: Explore other assistance programs such as the Supplemental Nutrition Assistance Program (SNAP), which could free up funds for other bills.
  • For additional resources and solutions related to expiring coronavirus relief programs, visit takechargeamerica.org/coronavirus-financial-relief/ .

Government of Canada temporarily sets a minimum unemployment rate for the Employment Insurance program

Monday, August 10, 2020 - 4:51pm

That's why the Government is preparing to transition as many Canadians as possible back to the Employment Insurance (EI) system at the end of month.

Key Points: 
  • That's why the Government is preparing to transition as many Canadians as possible back to the Employment Insurance (EI) system at the end of month.
  • Today, the Honourable Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion, announced that effective August 9, 2020 a minimum unemployment rate of 13.1% will be applied temporarily for all EI economic regions across Canada.
  • "Since the beginning of the COVID-19 pandemic, our Government has taken action to support Canadians and businesses facing financial hardship.
  • The temporary use of a national minimum unemployment rate for the EI program will help more people access EI regular benefits and provide eligible Canadians with access to a minimum 26 weeks of benefits."