Sunday, June 20, 2021
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States to end unemployment benefits for more than 400,000 people this weekend

Eric Holcomb, governor of Indiana, speaks at the White House on June 26, 2020.Al Drago/Bloomberg via Getty ImagesMore than 400,000 people are poised to lose unemployment benefits this weekend as eight states withdraw early from pandemic-era programs.Alabama, Idaho, Indiana, Nebraska, New Hampshire, North Dakota, West Virginia and Wyoming are

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SoftBank is launching an accelerator program for diverse start-up founders in Europe

The logo of SoftBank Group in Tokyo.Philip Fong | AFP via Getty ImagesLONDON — SoftBank is aiming to put its money where its mouth is on diversity.SoftBank Investment Advisers, which manages the Japanese conglomerate's Vision Fund for tech investing, said Wednesday it will launch its diversity-focused Emerge accelerator program

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States will start cutting off federal unemployment benefits this week. Here’s a map of where (and how soon) aid is ending

A Help Wanted sign in the Queens borough of New York on June 4, 2021.Spencer Platt | Getty Images News | Getty ImagesThere are 25 states ending their participation in federal unemployment programs early — some as soon as this week.Alaska, Iowa, Mississippi and Missouri will be the first

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Is there a labor shortage? What the May jobs report tells us

A help wanted sign is displayed outside of a business before Memorial Day near the boardwalk in Wildwood, New Jersey.Spencer Platt | Getty Images News | Getty ImagesThe weaker-than-expected April jobs report fueled speculation of U.S. labor shortages and led some state officials to declare an early end to

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Long-term unemployment is falling for first time during pandemic

A store advertises a Help Wanted sign in Annapolis, Maryland, on May 12, 2021.JIM WATSON | AFP | Getty ImagesLong-term unemployment fell for the second straight month in May, an encouraging shift away from the recent near-record levels fueled by the economic carnage of the Covid pandemic.Economists classify long-term

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Monthly child tax credit may offer lifeline to families losing federal unemployment benefits

MoMo Productions | DigitalVision | Getty ImagesMore than two dozen states are opting out of federal unemployment programs early, meaning nearly 4 million Americans will see their benefits reduced or cut entirely.But monthly payments of the child tax credit, slated to start July 15, may offer a financial lifeline

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3.7 million Americans set to lose unemployment benefits early as 25 states exit federal programs

Maryland Gov. Larry HoganChip Somodevilla | Getty Images News | Getty ImagesAround 3.7 million Americans will be affected by states' early withdrawal from federal unemployment programs, according to a CNBC analysis of Labor Department data.In the past month, 25 states have announced plans to end pandemic-era benefits ahead of

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Economy can handle the sharp rise in inflation, market bull Ed Yardeni predicts

The post-lockdown spending frenzy may contribute to a sharp rise in inflation, but Ed Yardeni believes the economy can handle it.Yardeni, who spent decades on Wall Street running investment strategy for major firms including Prudential and Deutsche Bank, sees inflationary pressures as a temporary byproduct tied to massive reopenings

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Job searches jumped 5% in states cutting unemployment benefits, analysis finds

Peter Dazeley | The Image Bank | Getty ImagesThe threat of losing unemployment benefits in two dozen states had a modest but short-lived effect on job search activity, according to an analysis published Thursday by job site Indeed.At least 24 states have announced their early withdrawal from pandemic-era unemployment

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