Trump teases stepping in if Republicans oppose multi-trillion dollar stimulus package
President Trump hinted he might intervene if Republican senators don't support a second coronavirus stimulus package worth trillions of dollars, during an interview with Charles Benson of WTMJ4 Milwaukee on Saturday.
Layoffs remain elevated as 898,000 seek unemployment aid
The government will issue its latest snapshot Thursday of the level of layoffs in the United States, which remain elevated seven months after the viral pandemic erupted and after the expiration of federal unemployment aid for millions of Americans.
After two week pause, EDD accepts new unemployment claims, but phone delays persist
After the Employment Development Department’s unemployment help line was on hold for two weeks to improve claim processing and address backlogged claims and fraud, it remains difficult to access assistance from the agency.
Long-term jobless caught in a squeeze that imperils recovery
On Friday, the government reported that employers added 661,000 jobs in September, normally a healthy gain.
Tesla sales surge as global demand picks up speed
The company reported Friday that it had delivered 139,000 SUVs and sedans from July through September, compared with 97,000 deliveries during the same period a year ago.
Hiring slows for 3rd month; US unemployment rate falls to 7.9%
America’s employers added 661,000 jobs in September, the third straight month of slower hiring and evidence from the final jobs report before the presidential election that the economic recovery has weakened.
United and American Airlines furloughing 32,000 employees
The moves by two of the nation's four biggest airlines represent the first -- and likely the largest part -- of involuntary job cuts across the industry in coming days.
Senate passes stopgap bill to fund US government through December
The last-minute approval came just hours before funding expired at midnight on Wednesday.
Unemployment claims at 870,000 as fraud and backlogs cloud data
The number of people seeking U.S. unemployment aid rose slightly last week to 870,000.
Bank shares tumble on reports of rampant money laundering
The financial sector was hit hard Monday following a report alleging that a number of banks have continued to profit from illicit dealings with disreputable people and criminal networks.
Milpitas woman uses man’s identity to claim unemployment benefits on his behalf
When 20-year-old Sebastian Alvarez opened a recording studio last spring, he couldn’t have anticipated that a pandemic would halt his business before it could get off the ground. But upon approval for unemployment insurance, he found himself in another unforeseeable situation—he couldn’t access any funds, because someone allegedly purchased his social security number, and was using his identity to collect benefits.
Dow plunges 900 points as election, coronavirus lockdown worries mount
U.S. equity markets were sharply lower Monday as investors weighed the possibility of more coronavirus shutdowns in Europe and uncertainty surrounding the U.S. election.
If you didn’t file tax returns, the IRS may still owe you a $1,200 COVID-19 stimulus check
On Friday, the IRS announced that it will mail letters to people who did not file a return for either 2018 or 2019, but still may qualify for an Economic Impact Payment.
SF launches program giving some pregnant women and moms $1,000 a month
San Francisco announced the Abundant Birth Project, which will pay $1,000 a month to Black and Pacific Islander women who are pregnant or recently gave birth.
EDD offers assistance to those who lost jobs due to wildfires
Despite already being overwhelmed by the pandemic and the recession, the EDD is offering assistance to people made jobless by the wildfires.
$300 weekly unemployment benefit extended for two more weeks
The EDD announced that those who qualify for the additional $300 weekly unemployment benefit, initially presented as a 3-week benefit, will get payments for 2 additional weeks.
Study: 52% of young adults forced to move back in with parents amid COVID-19
According to a study done by the Pew Research Center, 52% of young adults have been forced to move back in with their parents or with another person due to the economic and financial impacts of the COVID-19 pandemic.
California lawmakers approve emergency audit of EDD
California assemblymembers approved an emergency audit of the Employment Development Department Thursday to address backlogged claims, call center operations and “efficiencies.”
Santa Clara County hopes to move into red tier of state's reopening plan next week
In Santa Clara County, salons, barbershops, and malls are allowing customers inside. Next week, the county may get the green light from the state to resume more indoor operations.
FedEx to hire 70,000 workers for 'unprecedented holiday shipping season'
FedEx plans to hire as many as 70,000 seasonal workers. That's a 27 percent increase from the 55,000 hired last year.