unemployment

New York’s unemployment insurance fund, which the state Labor Department says has paid out over $100 billion in benefits to millions of New Yorkers during the COVID-19 pandemic, is now running a deficit.

Enhanced unemployment benefits launched during the pandemic expire Monday, cutting a vital lifeline for millions of jobless Americans. Research suggests most will not find work right away.

New York’s unemployment rate dropped marginally in June from 7.8% to 7.7%, according to the Bureau of Labor Statistics. While this change may seem negligible, SUNY Oswego economics professor, Liz Schmitt, said there are a lot of moving parts underneath the surface.

On Friday, the Bureau of Labor Statistics released its monthly jobs report. Liz Schmitt, an economics professor at SUNY Oswego, said if she could describe…

U.S. employers added 559,000 jobs last month, as the unemployment rate fell to 5.8% from 6.1% in April. Employers say they could use even more workers as demand surges and pandemic fears recede.

Biden said that his administration would not stand for people gaming the system but pressed the importance of continued financial support for those left jobless as a result of the coronavirus crisis.

U.S. employers added 266,000 jobs last month, far fewer than analysts had expected. The unemployment rate rose to 6.1%.

The Bureau of Labor Statistics recently reported that the national unemployment rate for March was around 6%. Meanwhile, that number for New York State…

The change is a compromise between progressive members who wanted enhanced benefits for several more months and moderate Democrats who wanted to curb the weekly payments.

Meanwhile, the unemployment rate dipped to 6.2% last month as the winter wave of coronavirus infections eased.