U S labor market struggling, but light at the end of tunnel - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
The number of Americans filing new applications for unemployment benefits fell slightly last week as the labor market continued to tread water, but a drop in new COVID-19 cases has raised cautious optimism that momentum could pick up by the spring.
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A new report found that 11.4 million workers will lose unemployment aid if Congress doesn t pass a stimulus package before March 14.
Delays in providing aid after the December stimulus package cost workers over $17 billion in benefits.
The House Ways and Means Committee proposed extending benefits through August instead of September, which lawmakers and experts say is not sufficient.
Unemployment benefits will expire in mid-March if Congress does not pass a stimulus package before then, putting 11.4 million Americans at risk of losing needed aid.
As part of his $2 trillion stimulus proposal, President Joe Biden called on Congress to extend unemployment benefits through the end of September and provide $400 weekly benefits to unemployed Americans. The House Ways and Means Committee s stimulus bill unveiled on Monday included Biden s proposed $400 weekly benefits, but those benefits would end on August 29. Regardless of the p
Per diem payments that a healthcare staffing agency gave to traveling workers to cover expenses on top of their normal wages were compensation that should have been included in calculating overtime premiums, a U.S. appeals court said on Monday.
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