If Biden Wants to Be Like F.D.R., He Needs the Left

Radical agitation helped bring Social Security and much of the New Deal into being.

#communist-party-usa, #democratic-party, #demonstrations-protests-and-riots, #law-and-legislation, #liberalism-us-politics, #national-urban-league, #presidential-election-of-2020, #social-security-us, #unemployment, #unemployment-insurance, #united-states-politics-and-government

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Unemployment Claims Rise as Economic Worries Grow

With coronavirus cases increasing again in the United States, the “fragility of the recovery” is in jeopardy, one economist said.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

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Biden’s Policy Agenda Rests Heavily on Senate Outcome

Which party controls the Senate will largely dictate how ambitious President-elect Joe Biden can get on taxes, health care, climate change and other policy priorities.

#coronavirus-aid-relief-and-economic-security-act-2020, #elections-house-of-representatives, #elections-senate, #federal-taxes-us, #government-contracts-and-procurement, #high-net-worth-individuals, #presidential-election-of-2020, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Unemployment Benefit Cutoff Looms for Millions at Year’s End

Emergency federal programs to assist the unemployed in the pandemic will expire at year’s end if there is no congressional action.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Economy’s Big Rebound Leaves a Shortfall as Progress Slows

Third-quarter growth set a record, fueled by federal assistance. But recent signs point to a loss of momentum in job gains and production.

#commerce-department, #coronavirus-2019-ncov, #coronavirus-reopenings, #gross-domestic-product, #labor-and-jobs, #recession-and-depression, #shutdowns-institutional, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

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Rapper Nuke Bizzle Is Arrested After Bragging About Unemployment Fraud in Video

Fontrell Antonio Baines, who performs as Nuke Bizzle, illegally obtained $1.2 million in jobless benefits intended for workers idled by the coronavirus pandemic, the authorities said.

#california, #coronavirus-2019-ncov, #frauds-and-swindling, #las-vegas-nev, #nuke-bizzle, #rap-and-hip-hop, #unemployment, #unemployment-insurance

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Unemployment Claims Rise Anew in Latest Sign of Economic Distress

Hopes for a rebound of the American economy have been clouded by layoffs, a surge in virus cases and a lack of fresh federal aid.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #labor-department-us, #states-us, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

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Finding the Right Path in an Up-and-Down Market

Does the latest twist herald the end of a bull run or the beginning of a shift toward long-neglected niches?

#american-express-company, #banking-and-financial-institutions, #blackrock-inc, #chegg-inc, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #federal-reserve-system, #goldman-sachs-group-inc, #inflation-economics, #intercontinental-exchange-inc, #interest-rates, #lazard-llc, #leuthold-group, #medtronic-inc, #nasdaq-composite-index, #netflix-inc, #recession-and-depression, #roku, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government, #vanguard-group-inc

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New Stimulus Hopes Fade While Economic Risks Grow

President Trump cut off negotiations over a new aid package on Tuesday. Economists of all stripes agree that could be a costly mistake.

#coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-aid-us, #federal-taxes-us, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #republican-party, #small-business, #stimulus-economic, #trump-donald-j, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Jerome Powell, Fed Chair, Says Economy Has ‘a Long Way to Go’

Jerome H. Powell, the Federal Reserve chair, called the recovery “incomplete” and highlighted that it was better to overdo the pandemic policy response than to undershoot.

#coronavirus-2019-ncov, #federal-reserve-system, #powell-jerome-h, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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With Bipartisan Deal Elusive, Democrats Push Through Their Own Stimulus Bill

Lawmakers approved the measure along party lines, even as Speaker Nancy Pelosi said a late-stage agreement with the administration was still possible.

#airlines-and-airplanes, #coronavirus-2019-ncov, #house-of-representatives, #law-and-legislation, #mnuchin-steven-t, #pelosi-nancy, #stimulus-economic, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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New Layoffs Add to Worries Over U.S. Economic Slowdown

A standoff over further federal aid and concern over the pandemic’s duration are pushing companies to eliminate jobs.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #law-and-legislation, #layoffs-and-job-reductions, #recession-and-depression, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Unemployment Claims Fraud Exploits Weak Spots in System

Pandemic programs have lowered the barriers to collecting benefits, and the usual security methods haven’t kept up.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #frauds-and-swindling, #identity-theft, #labor-department-us, #states-us, #unemployment, #unemployment-insurance

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Unemployment Claims Rise as Job Rebound Loses Momentum

New filings for unemployment benefits rose last week, signaling continued layoffs even before autumn chills outdoor business.

#coronavirus-2019-ncov, #federal-aid-us, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #states-us, #unemployment, #unemployment-insurance, #united-states-economy

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U.S. Risks Repeating 2009 Mistakes as Economic Recovery Slows

In the wake of the last recession, government spending dried up, dragging out the recovery. Policymakers warn against letting it happen again.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #house-of-representatives, #law-and-legislation, #layoffs-and-job-reductions, #recession-and-depression, #senate, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Why Unemployment Claims May Be Overcounted by Millions

Weekly tallies of jobless claims were not meant to be treated as an economic indicator. The pandemic has exposed the shortcomings of doing so.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #freelancing-self-employment-and-independent-contracting, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #states-us, #statistics, #unemployment, #unemployment-insurance, #united-states-economy

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Unemployment Benefits Program Has Issues With Fraud and Math

An emergency federal program faces growing issues with spurious claims, and the flood of applicants may have led to overcounting the unemployed.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #frauds-and-swindling, #identity-theft, #labor-department-us, #states-us, #unemployment, #unemployment-insurance, #united-states-economy

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Unemployment Claims Send Another Worrisome Note

Filings for benefits reflect continued layoffs and a sluggish recovery. “The numbers are going in the wrong direction,” one economist said.

#california, #coronavirus-2019-ncov, #frauds-and-swindling, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #unemployment, #unemployment-insurance, #united-states-economy

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Unemployment Benefits Are at Heart of a Debate Over Hiring

A $600-a-week supplement that expired in July has been credited with bolstering the economy. Its impact on hiring is central to a political fight.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #economics-theory-and-philosophy, #hiring-and-promotion, #labor-and-jobs, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Unemployment Claims Show Layoffs Continue to Batter Economy

Progress in restoring lost jobs has become more challenging. “It’s pretty bad at this stage in the crisis,” one economist said.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #shutdowns-institutional, #states-us, #unemployment, #unemployment-insurance, #united-states-economy

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Extra $300 Stimulus Unemployment Payment: Who Will Get It and When?

President Trump’s stopgap program to get more money to the jobless is off to a slow start. Here’s how it works.

#coronavirus-2019-ncov, #federal-aid-us, #federal-emergency-management-agency, #labor-and-jobs, #states-us, #trump-donald-j, #unemployment, #unemployment-insurance, #united-states-economy

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Economic Data Points to Pause in Recovery as Aid Programs Expire

The economy’s rebound showed signs of stagnating. Then enhanced unemployment benefits and a small-business loan program expired.

#consumer-behavior, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #stimulus-economic, #unemployment-insurance, #united-states-economy

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To Pay Rent and Avoid Eviction, Tenants Cash In Their Dreams

Federal aid and eviction bans have kept many tenants in their homes. With that support ebbing, it can take charity and sacrifice to avoid dislocation.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #evictions, #landlords, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #unemployment, #unemployment-insurance, #united-states-economy

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Stocks Are Soaring. So Is Misery.

Optimism about Apple’s future profits won’t pay this month’s rent.

#coronavirus-aid-relief-and-economic-security-act-2020, #recession-and-depression, #stimulus-economic, #stocks-and-bonds, #unemployment-insurance, #united-states-economy

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Unemployment Claims Rise as Rollout of $300 Benefit Lags

With the labor market showing new fragility, most states have yet to seek funds under President Trump’s stopgap plan to supplement weekly jobless pay.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #executive-orders-and-memorandums, #federal-emergency-management-agency, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #states-us, #trump-donald-j, #unemployment, #unemployment-insurance, #united-states-economy

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Saving Jobs by Sharing Them, With Government Help

Longstanding but little-used state programs, with a recent dose of federal aid, prevent layoffs by putting workers on part-time duty in a downturn.

#coronavirus-2019-ncov, #labor-and-jobs, #layoffs-and-job-reductions, #michigan, #recession-and-depression, #shutdowns-institutional, #unemployment, #unemployment-insurance, #united-states-economy, #wages-and-salaries, #washington-state

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Fed Officials Said the Economy Needed More Help From Congress

Minutes from the Federal Reserve’s July meeting show that some officials fretted as expanded unemployment insurance ran out.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings, #federal-open-market-committee, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

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21 Charged With Filing Fraudulent Unemployment Claims While in Jail

Twenty-one inmates in the San Mateo County, Calif., jail filed for pandemic unemployment assistance, resulting in payments of at least $250,000, according to the district attorney.

#coronavirus-2019-ncov, #frauds-and-swindling, #prisons-and-prisoners, #san-mateo-calif, #san-mateo-county-calif, #unemployment-insurance

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State and Local Budget Pain Looms Over Economy’s Future

Providing more aid to struggling governments has become one of the biggest issues tangling up the debate over another pandemic rescue package.

#budgets-and-budgeting, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #labor-and-jobs, #pensions-and-retirement-plans, #states-us, #taxation, #unemployment-insurance, #united-states-economy

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$400 Unemployment Supplement Is Really $300, and Won’t Arrive Soon

New state claims fell below one million for the first week since March. But jobless ranks remain vast, and a White House relief plan faces hurdles.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #executive-orders-and-memorandums, #federal-aid-us, #law-and-legislation, #states-us, #stimulus-economic, #trump-donald-j, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Will Trump’s Executive Directives Provide Relief?

Because Congress controls federal spending, at least some of the measures will almost certainly be challenged in court. Or they may become moot if Congress reaches a deal.

#coronavirus-aid-relief-and-economic-security-act-2020, #cuomo-andrew-m, #evictions, #executive-orders-and-memorandums, #federal-emergency-management-agency, #federal-taxes-us, #internal-revenue-service, #layoffs-and-job-reductions, #mnuchin-steven-t, #payroll-tax, #pelosi-nancy, #personal-finances, #states-us, #student-loans, #treasury-department, #trump-donald-j, #unemployment-insurance, #united-states-politics-and-government, #wages-and-salaries

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Administration Officials Defend Executive Action on Pandemic Relief

Democrats criticized President Trump’s directives and called on top administration officials to resume talks over a broader agreement.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #executive-orders-and-memorandums, #federal-aid-us, #federal-budget-us, #federal-taxes-us, #house-of-representatives, #kudlow-lawrence-a, #labor-and-jobs, #mnuchin-steven-t, #payroll-tax, #pelosi-nancy, #schumer-charles-e, #senate, #small-business, #stimulus-economic, #treasury-department, #trump-donald-j, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Without $600 Weekly Benefit, Unemployed Face Bleak Choices

A federal supplement to jobless pay was a lifeline for millions and for the economy. Its cutoff, even if temporary, may have lasting consequences.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #evictions, #labor-and-jobs, #law-and-legislation, #layoffs-and-job-reductions, #personal-finances, #recession-and-depression, #shutdowns-institutional, #unemployment, #unemployment-insurance, #united-states-economy

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Trump Threatens to Bypass Congress as Stimulus Talks Fail Again

Democrats said the talks had been “disappointing,” and President Trump promised to use executive orders to provide relief if no agreement could be reached.

#coronavirus-aid-relief-and-economic-security-act-2020, #executive-orders-and-memorandums, #meadows-mark-r-1959, #mnuchin-steven-t, #pelosi-nancy, #schumer-charles-e, #stimulus-economic, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Millions of Evictions Are a Sharper Threat as Government Support Ends

Without more federal aid for workers, experts are expecting the largest disruption to the housing market since the Depression.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #evictions, #labor-and-jobs, #landlords, #layoffs-and-job-reductions, #real-estate-and-housing-residential, #recession-and-depression, #renting-and-leasing-real-estate, #unemployment, #unemployment-insurance, #united-states-economy, #wages-and-salaries

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Why Black Workers Will Hurt the Most if Congress Doesn’t Extend Jobless Benefits

An extra $600 a week smoothed out sharp differences in benefits among states, and among the people who live in them.

#coronavirus-aid-relief-and-economic-security-act-2020, #discrimination, #income-inequality, #layoffs-and-job-reductions, #race-and-ethnicity, #unemployment, #unemployment-insurance

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New Unemployment Claims Decline, but Remain ‘Alarmingly High’

Nearly 1.2 million filed for state benefits last week, the lowest total since March, as economic readings offer only limited encouragement.

#coronavirus-2019-ncov, #hiring-and-promotion, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #shutdowns-institutional, #unemployment, #unemployment-insurance, #united-states-economy

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‘It’s Time for a Change’: Workers Idled by the Virus Try New Careers

Facing a loss of hours, unsecured wages and slow reopenings, some unemployed Britons are reconsidering their livelihoods.

#careers-and-professions, #coronavirus-2019-ncov, #freelancing-self-employment-and-independent-contracting, #great-britain, #labor-and-jobs, #layoffs-and-job-reductions, #quarantines, #unemployment, #unemployment-insurance, #wages-and-salaries

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Without a Coronavirus Relief Bill, Congress Shouldn’t Go On Recess

Millions of Americans can’t wait while the Senate takes the rest of the summer off.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #presidential-election-of-2020, #senate, #stimulus-economic, #unemployment-insurance, #united-states-politics-and-government

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With Jobless Aid Expired, Trump Sidelines Himself in Stimulus Talks

As his top advisers met with Democratic leaders to try to hash out a compromise, President Trump hurled insults at Democrats and mused aloud about short-circuiting the talks and acting on his own.

#coronavirus-aid-relief-and-economic-security-act-2020, #house-of-representatives, #mnuchin-steven-t, #pelosi-nancy, #schumer-charles-e, #senate, #stimulus-economic, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Republicans Couldn’t Care Less About the Unemployed

Their cruelty and ignorance are creating another gratuitous disaster.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #republican-party, #stimulus-economic, #trump-donald-j, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Relief Package Deal Remains Elusive as Impasse Over Jobless Benefits Persists

Negotiators acknowledged some progress over the weekend, but said they remained far apart on a number of issues.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #house-of-representatives, #mnuchin-steven-t, #pelosi-nancy, #republican-party, #senate, #stimulus-economic, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Record Low for U.S. G.D.P. as Coronavirus Takes Huge Toll

The second-quarter contraction set a grim record, and it would have been worse without government aid that is expiring.

#commerce-department, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #gross-domestic-product, #labor-and-jobs, #recession-and-depression, #shutdowns-institutional, #small-business, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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As Trump Undercuts Aid Talks, White House Says Extra Jobless Benefits Will Lapse

President Trump signaled that he was not interested in a broad economic recovery package that would have to be negotiated with Democrats, saying he preferred a narrower plan.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #house-of-representatives, #mcconnell-mitch, #mnuchin-steven-t, #pelosi-nancy, #republican-party, #senate, #stimulus-economic, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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As $600 Unemployment Benefit Expires, Many Are in Jeopardy

A supplement to unemployment benefits is at an end, and Congress is deadlocked over new aid. For some, that means hunger, evictions or bankruptcies.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #income, #labor-and-jobs, #law-and-legislation, #personal-finances, #unemployment-insurance, #united-states-economy

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Divided and Demoralized on Virus Aid, Republicans Ask, ‘What’s in the Bill?’

Senators in the party are “all over the lot” on the pandemic bill as jobless benefits run out and the fate of any legislative deal remains uncertain.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #mcconnell-mitch, #republican-party, #senate, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Uber and Lyft Drivers Win Ruling on Unemployment Benefits

A federal judge’s decision in New York is a key victory in efforts to secure the protections extended to other workers.

#car-services-and-livery-cabs, #coronavirus-2019-ncov, #dearcy-hall-judge-lashann, #freelancing-self-employment-and-independent-contracting, #labor-and-jobs, #lyft-inc, #new-york-state, #suits-and-litigation-civil, #uber-technologies-inc, #unemployment, #unemployment-insurance

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The Battle Over Unemployment Benefits

As Republicans consider whether to extend $600 a week payments for those without work during the pandemic, the election looms large.

#democratic-party, #house-of-representatives, #republican-party, #senate, #unemployment, #unemployment-insurance, #united-states-politics-and-government

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Here Are the Differences Between the House and Senate Coronavirus Relief Bills

Lawmakers will have to bridge significant policy gaps to reach an election-year agreement on how to best provide relief to businesses and families still reeling from the pandemic.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings, #democratic-party, #education-k-12, #house-of-representatives, #law-and-legislation, #mcconnell-mitch, #pelosi-nancy, #rationing-and-allocation-of-resources, #real-estate-and-housing-residential, #republican-party, #senate, #states-us, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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As Republicans Embrace Cut in Jobless Aid, Divisions Weaken Their Leverage

The proposal comes after Republicans struggled to iron out their policy differences with the administration and each other. Democrats are all but guaranteed to reject the offer.

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #mcconnell-mitch, #mnuchin-steven-t, #republican-party, #senate, #stimulus-economic, #trump-donald-j, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0