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That extra $600 unemployment benefit may end sooner than many think

President Donald Trump discussed a proposed round of federal stimulus aid with House Minority Leader Kevin McCarthy, R-Calif., (left) and Senate Majority Leader Mitch McConnell, R-Ky., (center) in the Oval Office on Monday.Photo by Doug Mills/Getty ImagesEnhanced unemployment benefits are likely ending sooner than many may realize. That could impose financial hardship on millions of…

The End Of $600 Unemployment Benefits Will Hit Millions Of Households And The Economy

Treasury Secretary Steven Mnuchin has suggested that if federal jobless benefits are extended, it will be in a different form than the flat $600 per week. Erin Scott/Pool/Getty Images hide caption toggle caption Erin Scott/Pool/Getty Images Treasury Secretary Steven Mnuchin has suggested that if federal jobless benefits are extended, it will be in a different…

This is the last week of $600 unemployment benefits

(CNN)The end is near for the $600 federal lifeline for millions of unemployed Americans -- even though the economy is still far from recovered from the coronavirus pandemic and new layoffs are being announced regularly. The coronavirus relief program technically doesn't expire until July 31, but this coming week will be the last for which…

U.S. Initial Unemployment Claims Edge Down in Latest Week

Initial unemployment claims edged down to 1.3 million in the latest week and workers receiving benefits eased slightly to 18.1 million, signs the labor market continues to heal. The number of new applications for jobless benefits fell by a seasonally adjusted 99,000 for the week ended July 4, the Labor Department reported Thursday. That extends…

Collecting Unemployment? You May Be in for This Financial Shock

If you're on unemployment but also get a health insurance subsidy, you could end up with a big problem on your hands. Millions of Americans have lost their jobs in the wake of COVID-19, and for some, that means a loss of health insurance, as well as a paycheck. But not everyone gets health insurance…

4.8M jobs added and unemployment falls to 11.1% as more states reopen after COVID-19 shutdowns

Millions of Americans have filed for unemployment benefits during the COVID-19 pandemic. The extra federal benefit was allotted "for weeks of unemployment ending on or before July 31," meaning the la…

US to get latest unemployment figures as virus explodes

Washington (AFP) - The ailing US economy is likely to receive good news Thursday in the government's June employment report, but surging virus cases could reverse the tentative recovery.The coronavirus pandemic since mid-March has cost more than 22 million US jobs -- and as many as 45 million -- as businesses were closed to prevent…

Coronavirus US: $600 unemployment benefit to end a week early

The $600 weekly unemployment benefit received by Americans made jobless by the COVID-19 pandemic will 'disappear nearly a week earlier than expected', according to USA Today. The benefit was included in the CARES Act passed by Congress back in March in a bid to mitigate the financial fallout from the coronavirus crisis. The $600 payments were largely…

Nebraska’s unemployment rate is nearly 5 times lower than Nevada’s

San Francisco (CNN Business)This recession may be wildly different from our last one, but one thing remains constant between the two: Nebraska's low unemployment rate.In May, Nebraska logged the lowest unemployment rate in the nation at 5.2%, according to preliminary non-farm state unemployment data released by the Bureau of Labor Statistics on Friday. Nebraska's rate…

Weekly unemployment claims better than expected as workers leave jobless rolls

The pace of unemployment claims declined again last week as the U.S. jobs market continued its plodding recovery from the coronavirus pandemic, Labor Department data showed Thursday.Initial claims totaled 1.54 million, compared with the 1.6 million expected from economists surveyed by Dow Jones and a plunge of 355,000 from the previous week's total just shy…

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