Unemployment

‘I Blame Mitch McConnell the Most. At Least Pelosi Was Trying’: Anger at GOP Over Economic Pain Grows

With jobless Americans growing increasingly desperate and furious at congressional Republicans for skipping town for summer recess without approving Covid-19 relief, House Speaker Nancy Pelosi on Thursday ripped the Trump White House for “abandoning” tens of millions of workers and children after her brief conversation with White House Chief of Staff Mark Meadows yielded zero …

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Just Two States Have Begun Paying Out Boosted Unemployment Aid 15 Days After Mnuchin Promised Benefits in a ‘Week or Two’

Treasury Secretary Steve Mnuchin vowed on August 10 that “within the next week or two,” most states would be able to set up and carry out President Donald Trump’s makeshift program authorizing a $300-per-week federal boost to unemployment benefits. As of Tuesday, more than two weeks after Mnuchin’s comments, just Arizona and Texas have begun …

Just Two States Have Begun Paying Out Boosted Unemployment Aid 15 Days After Mnuchin Promised Benefits in a ‘Week or Two’ Read More »

As GOP Blocks Covid Relief, Experts Warn of ‘Wave of Despair’ and Devastating Anecdotes Show Crisis Already Here

As millions of Americans grapple with the consequences of the refusal by the Trump administration and GOP lawmakers to extend the $600 weekly unemployment benefit or provide other urgent relief, experts warned Thursday that the coronavirus pandemic could directly lead to a “wave of despair”—including pervasive economic anxieties, increased suicides, and drug overdoses across the country. The American Medical Association has …

As GOP Blocks Covid Relief, Experts Warn of ‘Wave of Despair’ and Devastating Anecdotes Show Crisis Already Here Read More »

“They’re Playing With Us”: Anger With GOP Growing as $600 Unemployment Benefit Lapses

Americans angry with inaction from Senate Republicans and President Donald Trump on extending $600 a week unemployment benefits are accusing the government of not living up to its responsibility to care for the public during the Covid-19 pandemic as the boost in aid expired Friday. “In the middle of this pandemic they’re playing with us,” said Candida …

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New Analysis Details How Electrifying the US Economy by 2035 Could Create 25 Million Green Jobs

A report released Wednesday by a new nonprofit—in the midst of the coronavirus pandemic, the resulting economic disaster, and calls for a green recovery from those intertwined crises that prioritizes aggressive climate policies—lays out how rapidly decarbonizing and electrifying the U.S. economy could create up to 25 million good-paying jobs throughout the country over the …

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Yale Study on $600 Unemployment Lifeline Championed by Democrats Destroys Favorite GOP Talking Point

A new study by Yale economists out this week debunks the repeated GOP talking point that the $600 federal expansion of unemployment benefits has disincentivized people from returning to work—findings published the same day Senate Republicans released a coronavirus relief proposal which critics condemned as an “utter disgrace” that will “unleash widespread suffering” on people …

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‘This Whole House of Cards Is Gonna Collapse’: GOP Shutters Senate With US on Verge of Economic Catastrophe

As Senate Republicans headed home for the weekend without extending unemployment insurance benefits or approving other economic relief programs that could help millions of Americans weather the ongoing financial catastrophe of the coronavirus pandemic, progressives and congressional Democrats warned that disaster is on the horizon. “This whole house of cards is going to collapse,” Rep. …

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Bolstering Case for Extending Unemployment Relief—and Higher Wages Overall—Study Shows Recipients Spent More During Pandemic

A new study published Thursday reveals that the federal government’s unemployment boost of $600 a week for Americans who lost their jobs due to the coronavirus pandemic helped reduce the nation’s economic crash, making the case for extending the benefit as mass joblessness persists. According to the study, the extra boost in benefits allowed households …

Bolstering Case for Extending Unemployment Relief—and Higher Wages Overall—Study Shows Recipients Spent More During Pandemic Read More »

‘Make America Grim Again’: With Only 14% Very Happy, Americans Haven’t Been This Sad Overall Since Nixon

Three months into the coronavirus pandemic, which has now killed more than 116,000 Americans, people across the United States are reporting lower levels of happiness than at any point since the 1970s—nearly 50 years ago. According to the Covid Response Tracking Survey, conducted late last month by NORC at the University of Chicago, found that just …

‘Make America Grim Again’: With Only 14% Very Happy, Americans Haven’t Been This Sad Overall Since Nixon Read More »

‘What a Rigged Economy Looks Like,’ Says Sanders, as Stock Market Enjoys Best Month in 33 Years Despite 20%+ Unemployment

While a record 20.5 million Americans lost their jobs and one-third of people were unable to pay their rent or mortgage by the end of last month, the stock market in April enjoyed its strongest month since 1987—again supporting the common critique that Wall Street wealth is not the same as economic health.  The stock market …

‘What a Rigged Economy Looks Like,’ Says Sanders, as Stock Market Enjoys Best Month in 33 Years Despite 20%+ Unemployment Read More »

“We Need a Working People’s Bailout”: Unemployment Claims Hit 30 Million as Many Struggle to Afford Necessities

Dear Common Dreams Readers:Common Dreams is the one news source that cares about making the world a better place. We don’t just transcribe the events of the day, checking our values at the door. We believe in providing the news in a way that makes a better world possible. And that is needed now more …

“We Need a Working People’s Bailout”: Unemployment Claims Hit 30 Million as Many Struggle to Afford Necessities Read More »

Thanks to ‘System Set Up to Fail,’ Study Shows Number of Unemployed in US Likely Far Higher Than Reported

Dear Common Dreams Readers:Common Dreams is the one news source that cares about making the world a better place. We don’t just transcribe the events of the day, checking our values at the door. We believe in providing the news in a way that makes a better world possible. And that is needed now more …

Thanks to ‘System Set Up to Fail,’ Study Shows Number of Unemployed in US Likely Far Higher Than Reported Read More »

In Nation Without Medicare for All, 3.5 Million Workers May Have Lost Insurance Over Last Two Weeks

A new analysis estimates that 3.5 million U.S. workers may have lost their job-tied health insurance in just the last two weeks. “The COVID-19 pandemic lays bare the cruelty of tying health insurance coverage to employment,” wrote Ben Zipperer, an economist at the Economic Policy Institute (EPI), on Twitter Thursday. The analysis from Zipperer and …

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With Record-Shattering Unemployment, Sanders, Schumer, and Wyden Ask Trump’s Labor Dept: ‘Do You Have a Plan?’

Democratic Party leaders in the U.S. Senate on Wednesday called on the Trump administration’s Labor Department to do everything in its power to immediately get unemployment checks into the hands of millions of out-of-work Americans who recently lost their jobs due to the coronavirus pandemic that has paralyzed the nation’s economy. In a letter (pdf) …

With Record-Shattering Unemployment, Sanders, Schumer, and Wyden Ask Trump’s Labor Dept: ‘Do You Have a Plan?’ Read More »

‘Tip of the Iceberg’: Record 3.28 Million Jobless Claims Could Signal Coming Depression

Jobless claims last week were a record 3.28 million, smashing the previous high mark of 695,000 in 1982 and deepening fears of a looming economic depression that could see millions more out of work.  “We are about to experience something we cannot really imagine,” tweeted HuffPost reporter Zach Carter in response to the numbers.  While the …

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