3.3 million Americans filed for their first week of unemployment benefits last week, as businesses shut down to slow the spread of the coronavirus. That is the highest number of initial claims in history.
Congress’ historic stimulus bill meant to bring financial relief to parts of the nation’s economy is helping those filing for unemployment during the coronavirus pandemic.
Congress has announced agreement on a $2 trillion economic relief package for the effects of COVID-19. Most households will get a relief check, and unemployment insurance has been greatly expanded.
The best place to get a job right now might be the unemployment office. In Washington State, where the coronavirus outbreak found its first foothold in the United States, officials are trying to fill multiple positions processing jobless claims. “Due to the temporary closure of some businesses here in Washington State we are anticipating the need for additional staffing,” according to the job posting, which promises interviews next week.
The Labor Department reported 281,000 new claims for unemployment insurance last week, a one-third increase over the previous week that it attributed to the coronavirus epidemic. It was the highest level of claims since September 2017 and the first in a flood of unfavorable economic indicators expected from the Trump administration as businesses shut down and workers go home.
The number of Americans filing for unemployment jumped by 70,000 last week, the highest level since September 2017, because of the increase in coronavirus-related layoffs, according to the Department of Labor. Thousands of people who have been recently laid off, lost their jobs, or had their work hours reduced were then subjected to further frustration after several states websites’ crashed because of high traffic. Many on social media were left confused and fearful over their eligibility for unemployment benefits, including those who were furloughed or on zero-hour contracts.
The number of Americans seeking jobless aid fell to a four-decade low last week, a sign that employers are unconcerned about weak economic growth in the first three months of 2016.
Unemployment insurance (UI) provides displaced workers with temporary financial aid while they look for a new job. UI benefits are administered by individual states under the Federal-State Unemployment Insurance Program. Workers must meet specific guidelines set forth by the state before they can receive unemployment benefits. If you need to apply for unemployment benefits, follow these steps.
We've got to take steps to modernize our unemployment insurance system," President Obama said at the beginning of his weekly Internet address Saturday. "If a hardworking American loses her job, regardless of what state she lives in, we should make sure she can get insurance and some help to retrain for her next job," he said. "If she's been unemployed for a while, we should reach out to her and connect her with career counseling. And if she finds a new job that doesn't pay as much as her old one, we should offer some wage insurance that helps her pay her bills."
Today, President Obama announced new reforms that would strengthen and modernize our unemployment insurance system.
President Obama unveiled new proposals to reform unemployment insurance policies on Saturday, renewing a commitment he made to prop up American workers in this week's State of the Union address. "If a hardworking American loses her job, regardless of what state she lives in, we should make sure she can get unemployment insurance and some help to retrain for her next job," the president said in a video. He proposed taking steps to "modernize" the unemployment insurance system.
President Obama proposed an expansion of unemployment benefits Saturday, saying he'll fight to help working families "with every last day of my presidency." Obama used his weekly radio address Saturday to put some specifics behind an unusually expansive State of the Union address Tuesday, when he identified unemployment insurance as an area where he hoped he could work with the Republican Congress. "Now, I’m guessing we won’t agree on health care anytime soon. But there should be other ways both parties can improve economic security," Obama said in his address to Congress.
New state data shows the number of unemployment benefits claims filed in Ohio last year was the lowest since 1973.