Tag: Unemployment

I’m a 52-year-old small business owner in Oklahoma who’s been on unemployment since February. Here’s how I’m getting by.



a woman smiling for the camera: Amanda Stephenson. Courtesy of Amanda Stephenson; Shayanne Gal/Business Insider


© Courtesy of Amanda Stephenson; Shayanne Gal/Business Insider
Amanda Stephenson. Courtesy of Amanda Stephenson; Shayanne Gal/Business Insider

  • 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

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Tennessee August unemployment rate falls to 8.5%

Tennessee’s unemployment rate dropped to a preliminary 8.5% in August, according to data released by the state Department of Labor on Thursday.

This is a drop of 1.2 percentage points from July’s revised rate of 9.7%, reflecting a gradual recovery from the initial shock to the economy caused by the COVID-19 pandemic (the state’s preliminary July rate was initially reported as 9.5%).

August’s preliminary, seasonally adjusted rate is 7 percentage points lower than Tennessee’s historic high of 15.5% in April. The rate fell to 11% in May and dropped again to 9.6% in June, but these numbers remain far above the state’s jobless standing last year. 

UNEMPLOYMENT AID: FEMA approves Tennessee for final round of $300 weekly unemployment grant payments

In August 2019, Tennessee’s unemployment rate was 3.4%. Rates hovered between 3.3% and 3.4% January through March of this year before the state’s economy felt the full impact of pandemic-related

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N.J. unemployment claims drop below 20K for first time in 5 weeks. $300-a-week extra payment expected next month.

New weekly unemployment claims dipped 14% for the week ending Sept. 12, bringing the weekly claims filing to a new low for the first time in five weeks, the state Department of Labor said.

About 19,600 new unemployment claims were filed last week — the fewest applications since the 13,822 during the week ending Aug. 8, which saw the lowest number of new claims during the pandemic.

It brings the total number of New Jersey workers who applied for unemployment benefits since the pandemic hit in mid-March to 1.58 million people, with 1.38 million of those being eligible. Of those, 96% have received at least one payment.

“We’re grateful to see more New Jerseyans returning to work, but we are also keenly aware of how many employees and small business owners remain unemployed, often for the first time in their lives,” said Labor Commissioner Robert Asaro-Angelo. “It’s these workers —

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COVID-19 Recession – Slow Continued Improvement: The iM-Weekly Unemployment Monitor: Update 9/17/2020

Today’s DOL Unemployment Insurance Weekly Claims shows an improvement in the insured employment situation.

The non-seasonal adjusted initial claims at 790,021 are down by 75,974 when compared to previous week, Also, the non-seasonal adjusted continuous insured unemployed at 12,321,395 have, for this week, decreased significantly by -1,034,052 over the last week’s reported figures.

However, the total persons claiming some form of UI benefit as of August 29 are reported by the DOL as 29,768,326, an increase of 98,456 from last week’s upward revised figure.

These figures signal a continued improvement to the return to work numbers which could indicate a slight easing of the COVID-19 recession (green line in below figure), however this is not yet reflected in a reduction of total number of persons receiving some form of benefit which include the self-employed (blue line).

The figure below shows that currently the lowest unemployment rate should be 18.5%. And,

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How many sought unemployment benefits last week?

Until the pandemic upended the operations of American companies, weekly jobless aid applications had never exceeded 700,000 in the U.S.

WASHINGTON — The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high figure that reflects economic damage from the coronavirus outbreak.

Before the pandemic hit the economy, the number signing up for jobless aid had never exceeded 700,000 in a week, even during the depths of the 2007-2009 Great Recession.

The Labor Department said Thursday that U.S. jobless claims fell by 33,000 form the previous week and that 12.6 million are collecting traditional unemployment benefits, compared with just 1.7 million a year ago.

The outbreak slammed the U.S. economy in the spring, causing the economy to collapse at a 31.7% annual rate from April through June, by far the worst three months on record. Companies and government agencies slashed 22 million jobs.

The outbreak

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Tennessee approved for final two $300 weekly unemployment grant payments

The Federal Emergency Management Agency has approved Tennessee’s application for grant funds for the final two weeks of $300 lost wages assistance payments for eligible unemployed Tennesseans.

Jobless individuals who meet the program requirements will receive two $300 retroactive payments for the weeks ending Aug. 29 and Sept. 5, the Tennessee Department of Labor and Workforce Development announced on its Facebook page Wednesday.

These payments will be the last of the $300 weekly federal grant payments Tennesseans will receive as part of the Lost Wages Assistance program. In total, eligible Tennesseans will receive up to six weeks of the $300 weekly payments for weeks ending Aug. 1, 8, 15, 22, 29 and Sept. 5 (depending on eligibility for each week) before the $44 billion in federal emergency funds allotted for the grants run dry.

The Department of Labor will begin processing and distributing the final grant payments once it receives

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With the Economy This Bad, Unemployment Should Be Even Worse

(Bloomberg Opinion) — Many Asian economies are suffering historic slumps. It’s visible in the mothballed planes parked at empty terminals, the once-bustling central business districts that have emptied, and the rising number of boarded-up shopfronts. Just don’t look for it in the region’s unemployment figures.



a sign on the side of a building: pedestrians walk past closed shops during a partial lockdown imposed due to the coronavirus in Kuala Lumpur, Malaysia, on Wednesday, May 20, 2020. The Malaysian government is working to implement its 260 billion ringgit ($60 billion) stimulus package, the biggest in Southeast Asia as proportion of gross domestic product, while promising another set of measures to bolster an economy struggling with the effects of the pandemic.


© Bloomberg
pedestrians walk past closed shops during a partial lockdown imposed due to the coronavirus in Kuala Lumpur, Malaysia, on Wednesday, May 20, 2020. The Malaysian government is working to implement its 260 billion ringgit ($60 billion) stimulus package, the biggest in Southeast Asia as proportion of gross domestic product, while promising another set of measures to bolster an economy struggling with the effects of the pandemic.

In some of Southeast Asia’s most important economies, jobless rates haven’t risen much above 5%: It’s 2.9% in Singapore and 4.9% in Malaysia. That seems out of step with the severity of their economic contractions: Singapore’s gross

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Weekly unemployment claims hold steady in Utah as new benefit disbursed

SALT LAKE CITY — The number of Utahns filing for unemployment compensation was flat over the past week.

The Utah Department of Workforce Services reported Thursday that the total number of new claims for jobless benefits in the Beehive State registered at 4,563 for the week of Aug. 30 to Sept. 5 compared to 4,591 claims the prior week. The state paid out $17.5 million in benefits to claimants over the week.

Last week, DWS reported the new claims from people applying for unemployment assistance for the first time dropped by 18%. However, this week the volume of claims was relatively steady, declining less than 1%. The state also reported 54,661 continuing claims for unemployment aid.

“At the peak of this pandemic, we saw 33,000 applications in a week, so 4,500 is certainly much lower than we saw at the peak. But 4,500 people is still 4,500 people that are

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Republican Stimulus Bill Offers Unemployment, Small Business Aid

(Bloomberg) — Senate Republicans introduced a slimmed-down stimulus bill that would restore some of the extra unemployment benefits that expired in July and provide another round of relief for small businesses hit by the Covid-19 crisis.



a close up of a tall building: The U.S. Capitol building is reflected in a window in Washington, D.C., U.S., on Tuesday, Sept. 8, 2020. The Senate returns today with the Trump administration and Democrats no closer to agreement on a new virus relief package than they were when talks broke off in early August, despite the pressure of the U.S. election in 56 days.


© Bloomberg
The U.S. Capitol building is reflected in a window in Washington, D.C., U.S., on Tuesday, Sept. 8, 2020. The Senate returns today with the Trump administration and Democrats no closer to agreement on a new virus relief package than they were when talks broke off in early August, despite the pressure of the U.S. election in 56 days.

The legislation, which Democratic House Speaker Nancy Pelosi blasted earlier Tuesday as a political stunt that didn’t amount to a real effort to help the economy, also includes politically charged components such as greater use of tax-privilege funds for private school expenses.

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Weekly supplemental unemployment benefits would resume at $300, down from

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