Tag: Unemployed

860,000 Newly Unemployed Last Week; Big Tech Stumbles | Stock Market News

All three major U.S. indices finished lower on Thursday, led by the high-flying Nasdaq, which lost almost 1.3%.

Markets have been volatile in recent weeks, and the most recent announcement from the Federal Open Market Committee on Wednesday seems to have spooked investors further. The Federal Reserve announced intentions to keep rates low through 2023 as it braced the public for what it expects will be a long and uneasy recovery in the labor market.

That reality was underscored by Thursday’s top-line economic numbers, which showed another 860,000 people filed initial jobless claims. Although down from 893,000 the week before, it’s still a harrowing figure, and higher than the 830,000 economists expected.

The Dow Jones Industrial Average lost 130 points, or nearly 0.5%, to finish at 27,901.

Not playing around. Shares of the game-focused restaurant chain Dave & Buster’s Entertainment (ticker: PLAY) took a 26% hit on Thursday as reports

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From Unemployed College Dropout To Successful Life And Business Coach, Mike Ashabi Is One In A million

Press release content from Accesswire. The AP news staff was not involved in its creation.

NEW YORK, NY / ACCESSWIRE / September 15, 2020 / Mike Ashabi, Founder and CEO of True Life Ventures, went from hitting rock bottom, to taking control of his life. Before January of 2016, Mike had dropped out of college 3 times, moved countless …

NEW YORK, NY / ACCESSWIRE / September 15, 2020 / Mike Ashabi, Founder and CEO of True Life Ventures, went from hitting rock bottom, to taking control of his life. Before January of 2016, Mike had dropped out of college 3 times, moved countless …

NEW YORK, NY / ACCESSWIRE / September 15, 2020 / Mike Ashabi, Founder and CEO of True Life Ventures, went from hitting rock bottom, to taking control of his life. Before January of 2016, Mike had dropped out of

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Unemployed Tennesseans must file weekly work searches starting Oct. 4

Some Tennesseans receiving unemployment benefits will once again be required to complete weekly work searches as part of their weekly certifications beginning Sunday, Oct. 4.

This means that individuals who plan to file their weekly certification for Oct. 4 will need to start work search activities the week of Sept. 27, the Tennessee Department of Labor and Workforce Development announced Monday.

The change is not unexpected — Commissioner Jeff McCord announced in late August that the requirement would resume, though he did not announce the exact date at that time.

The work searches were a required part of weekly unemployment certifications to receive benefits prior to the COVID-19 pandemic. Gov. Bill Lee previously issued a temporary executive order that modified the work search requirements as the job market constricted. The order allowed applicants to instead maintain a re-employment plan, submit a resume, or create a career profile on the department’s

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Ohio Senators Portman and Brown divided over new coronavirus bill that would pay unemployed $300 a week

WASHINGTON, D. C. – As far as Democratic U.S. Sen. Sherrod Brown of Ohio is concerned, a coronavirus relief bill that Republicans plan to bring up for a Senate vote on Thursday is dead in the water because it would replace a $600 weekly federal unemployment supplement that expired in July with a $300 weekly payment that expires in December.



Sherrod Brown, Rob Portman are posing for a picture: Ohio Sens. Rob Portman, right, and Sherrod Brown disagree on the virtues of a new coronavirus relief bill before the U.S. Senate.n.


© Sabrina Eaton/The Plain Dealer/cleveland.com/TNS
Ohio Sens. Rob Portman, right, and Sherrod Brown disagree on the virtues of a new coronavirus relief bill before the U.S. Senate.n.

“The $600 a week saved millions of Americans from eviction, saved millions of Americans from poverty,” Brown said Wednesday in announcing that he won’t vote for the $500 billion coronavirus relief package that Senate Republican Leader Mitch McConnell unveiled this week.

“This doesn’t just help unemployed workers, it helps people in the communities, it helps small businesses. Why McConnell doesn’t care about

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Unemployed in New Hampshire: Cleaning business owner shares her story

  • The Unemployed States of America takes readers deep inside the decimated American workforce.
  • Gloria Castiglione is a 49-year-old cleaning business owner in Pelham, New Hampshire.
  • After building up a local clientele, she suddenly lost all of her business in a two-week span in March.
  • Castiglione says her family has been surviving thanks to her husband’s job at an essential business, but with four kids under the age of 16, she’s worried about providing for them.
  • This is her story, as told to Robin Catalano.
  • Visit Business Insider’s homepage for more stories.

Before the pandemic, I had a residential cleaning business. It was something I did out of necessity, having three daughters and a stepson and needing something that worked with my availability. I was picking up speed, had lots of great recommendations on the town Facebook forum. I had a lot of work.

Within a two-week span in March, I

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Unemployed in Oklahoma: A small business owner shares her story

  • The Unemployed States of America takes readers deep inside the decimated American workforce.
  • Amanda Stephenson is a 52-year-old small business owner from Collinsville, Oklahoma.
  • She ran a small business making and selling cheer uniforms and dance costumes, but hasn’t had clients since February, when many local schools and performances were shut down.
  • On just $189 a week in unemployment benefits, Stephenson says she’s had to sacrifice filling prescriptions, postponed planned dental work, and has been unable to buy school clothes for her son.
  • This is her story, as told to Business Insider.
  • Visit Business Insider’s homepage for more stories.

Since I lost my job, life has been stressful. My husband is still working, but he works for an airline and they’ve indicated layoffs are coming. Before, I’d worked to build up a clientele for my small business making and selling cheer uniforms and dance costumes, and I worry they

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Unemployed in Georgia: A business owner shares his story

  • The Unemployed States of America takes readers deep inside the decimated American workforce.
  • John Valentino is a 54-year-old business owner based in Canton, Georgia.
  • His business, Skales and Tales, provides music programs primarily for elderly residents in assisted living facilities.
  • Since the pandemic hit, Valentino lost all of his clients for the foreseeable future. 
  • This is his story, as told to freelance writer Taylor Goebel.
  • Editor’s note: This interview and story were composed by Valentino’s niece.
  • Visit Business Insider’s homepage for more stories.

I know the exact date. I had my last music performance at a senior care facility the Friday before St. Patty’s Day. I had six performances that week and then one on the weekend. I got my first call on St. Patty’s Day from a facility director saying, “We have to shut down our facility. It’s only going to be a month, maybe two at most, but

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Unemployed in Tennessee: An IT business analyst shares her story

  • The Unemployed States of America takes readers deep inside the decimated American workforce.
  • Shauna Webb Scott is a 32-year-old IT business analyst based in Nashville, Tennessee. 
  • She was laid off on March 31, just three weeks after finding out she was pregnant. She also lost clients for her small business as a wedding planner as celebrations were canceled or postponed.
  • Scott says it’s been difficult trying to find a new position because many employers don’t want to hire someone who will need to take maternity leave in November.
  • This is her story, as told to Business Insider.

I found out I was pregnant three weeks prior to losing my position as an IT business analyst. It’s been stressful dealing with pregnancy and losing my sense of occupational purpose along the way. I also own a small business doing wedding coordination and planning, and lost most of my clients due to

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Unemployed in Arizona: A business development executive shares story

  • The Unemployed States of America takes readers deep inside the decimated American workforce.
  • Erik Rothchild is a 53-year-old business development executive and Army veteran based in Chandler, Arizona. 
  • After being officially laid off on August 1, Rothchild has been applying for sales and marketing jobs on a daily basis, but says it’s difficult even to land an interview.
  • He’s getting by on just $240 per week in unemployment benefits and worried that he may lose his house because he’s unable to make payments.
  • This is Erik Rothchild’s story, as told to Business Insider.

As a single father, it’s been very difficult since I lost my job, as I had a new corporate job after being a business owner for 15 years. I had a $70,000 salary plus commission, a car allowance, and health insurance that cost me $50 per month. I was furloughed from April 15 until August 1, when

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