Money

President Trump signaled this week that he supports sending a second round of direct cash payments to Americans still reeling from the coronavirus pandemic and subsequent economic lockdown.

Full-time hourly associates were given a $300 bonus and part-time hourly and temporary associates received $150 on June 25.

The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.

It was the sharpest quarterly decline since an 8.4% fall in 2008 during the depths of the financial crisis.

For the 47 percent who are worried about money issues currently, 23 percent said their cause of stress revolved around everyday expenses, which Bankrate noted was down from the 32 percent who said the same last year.

The theme parks are set to begin reopening July 11.

The data comes from a U.S. Census Household Pulse Survey that was released on June 17.

IRS permits more Americans to tap retirement accounts without penalty.

The roles are part of the company’s seasonal hiring effort, with both full- and part-time opportunities.

“The longer the downturn lasts, the greater the potential for longer-term damage from permanent job loss and business closures,” Powell said. “Long periods of unemployment can erode workers’ skills and hurt their job prospects.”

If your loans aren’t forgiven, you still have options.

About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.

With millions of Americans unemployed, Dunkin is aiming to hire thousands of workers as restaurants across the country reopen after coronavirus-related closures.

Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP’s global workforce of 70,000 people and come mostly this year.

Factories and stores are reopening, economies are reawakening – but many jobs just aren’t coming back.

The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.

The Federal Trade Commission (FTC) is warning of a “large-scale scam erupting in the midst of the coronavirus pandemic” involving impostors who are filing claims for unemployment benefits using the personal information of people who have not filed any claims. 

Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.

CBO expects a 'significant markdown' in GDP over the coming decade.