unemployment News

States Under Pressure to Lift Coronavirus Restrictions as Unemployment Grows

As White House economic reopening guidance expired on Thursday after two weeks in place, half of all U.S. states forged ahead with easing restrictions on restaurants, retail and other businesses in hopes of reviving coronavirus-stricken commerce. The enormous pressure on …

Cruel Paradox: Beating Virus Means U.S. Recession

The coronavirus is dealing a death blow to the longest U.S. economic expansion on record, triggering layoffs and putting intense strain on the nation’s financial system. In a cruel paradox, the very steps that are needed to contain the outbreak …

EPLI in Southern California Playing ‘Hard’ to Get

Employment practices in California is a known and growing concern for insurers, agents and employers, and that concern has some carriers ramping up rates dramatically or quietly pulling back from the area, say those familiar with the region’s market. “Employment …

Greek Pro-bailout Parties Look to Forge Coalition

Political parties supporting Greece’s international bailout begin forging a government on Monday after an election victory over radical leftists staved off the prospect of the debt-laden country leaving the euro and brought relief to global markets. Conservative New Democracy leader …

Global Downturn Puts Investors, Companies in Retreat

Gripped by fears that Europe’s debt crisis is driving the world economy into a ditch, companies are delaying plans to raise capital and canceling deals, while investors are taking refuge in cash or any other place they think their money …

Insential Unveils Home Value and Involuntary Unemployment Protection

Insential Inc. has created a program designed for owners of newly built homes and condos. The program, called HOME VALUE PLUS+, will reimburse homeowners up to 20 percent of the diminished sales price of their home if it sells for …

Europe’s Austerity Zeal Risks Killing the Patient

Europe’s “no pain no gain” attitude to solving its sovereign crisis risks exacerbating the bloc’s problems, choking off the very growth needed to raise the money to pay down the debt. From Athens to Dublin, and almost everywhere in between, …

New York Lost 250,000 Middle- and High-Wage Jobs Since 2008: Report

New York State has been shedding hundreds of thousands of well-paying jobs since the financial crisis hit and its poverty rate remains high. Since 2008, the state lost over 250,000 middle- and high-wage jobs in sectors including finance, government and …

2,100 Jobs Lost in Insurance Industry in August

The latest U.S. jobs data show the insurance industry lost 2,100 jobs overall in August. The industry employs some 2,211,000 workers according to the latest numbers. The Insurance Information Institute reported that most of the sub-sectors had gained some jobs …