Recruiters speak with people seeking employment at a City College job fair last year. Ben Fractenberg/THE CITY BY Greg David and Suhail Bhat | MAY 18, 2023 Cash assistance and other public benefits are helping more New Yorkers weather an economic climate that’s still tough. In a worrisome sign,
The number of people filing for unemployment benefits jumped last week to the highest level since October, the Labor Department said Thursday. That may signal a troubling rebound, after claims hit recent lows unseen in over 50 years. But the one-week bump may not portend an ugly trend for the
By Will Feuer, NY Times Nearly 3.5 million Americans are still on traditional state unemployment benefits even as the number of people seeking new claims dropped last week to a fresh pandemic low, the feds said Thursday. Continuing claims rose by 56,000 from about 3.4 million the week before, according
By Greg Iacurci, CNBC The IRS will start issuing tax refunds in May to Americans who filed their returns without claiming a new break on unemployment benefits, the federal agency said Wednesday. The American Rescue Plan waived federal tax on up to $10,200 of unemployment benefits, per person, received in
By Olivia Rockeman and Reade Pickert, Bloomberg President Biden’s $1.9 trillion economic stimulus package will send billions of dollars to America’s jobless. It’s also a potential bonanza for scammers. Throughout the Covid crisis, unemployment programs have served as a lifeline, channeling more than $650 billion over the past year to
By Tami Luhby and Katie Lobosco, CNN (CNN) – The $1.9 trillion Covid relief bill that President Joe Biden championed even before taking office is expected to land on his desk in coming days, but it could take some time for struggling Americans to see all the benefits. While the $1,400 stimulus payments could hit people’s bank accounts
By Tami Luhby and Katie Lobosco, CNN Washington (CNN) – The $1.9 trillion coronavirus package contains a wide range of benefits to help Americans who are still struggling with the economic fallout of the pandemic. The House of Representatives passed the bill on Wednesday, paving the way for President Joe Biden to sign it into law later
By Joseph Zeballos-Roig, Business Insider Federal Reserve Chair Jerome Powell said on Wednesday that US unemployment is about 10% — or nearly twice the officially recorded rate. That roughly equal to Great Recession levels more than a decade ago. The Fed chair made the remarks in a speech on strengthening
By Greg Iacurci, CNBC President Joe Biden and congressional Democrats are hoping to pass $1.9 trillion of additional pandemic relief, including extra jobless benefits. Still, many unemployed workers haven’t yet gotten benefit payments from the last stimulus package, which former President Trump signed more than a month ago. States like
By Jennifer A. Kingson, Axios People who collected unemployment will receive smaller — or nonexistent — tax refunds this coming year because of a tax law quirk that counts unemployment as taxable income. Why it matters: Tens of millions of Americans who arguably need the refund the most will wind up
