Unemployment
Many Americans face big tax bills on 2021 unemployment benefits
A Miami-Dade County job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Many Americans who collected unemployment benefits in 2021 may be on the hook for big bills this tax season. The federal government and most states treat unemployment benefits as taxable income. However, tax wasn’t collected on about 60% […]
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Economy added 431,000 jobs in March despite worries over slowing growth
Amid soaring inflation and worries about a looming recession, the U.S. economy added slightly fewer jobs than expected in March as the labor market grew increasingly tighter. Nonfarm payrolls expanded by 431,000 for the month, while the unemployment rate was 3.6%, the Bureau of Labor Statistics reported Friday. Economists surveyed by Dow Jones had been […]
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The ‘Great Resignation’ has gone global – and it’s shaking up the labor market for good
Millions of workers worldwide have quit their jobs without something else lined up. So, what is the Big Quit, and how will it change our workforce? Chloe Loh, like many other workers across the world, epitomizes the “Great Resignation.” “I left my job in December,” Loh told CNBC. “I was looking for a role that […]
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Covid pushed nearly 5 million more in Southeast Asia into extreme poverty, says Asian Development Bank
A man ties up used cardboard boxes he salvaged to sell for recycling in Jakarta, Indonesia. Bay Ismoyo | Afp | Getty Images Southeast Asia is grappling with high poverty levels as recurring waves of Covid-19 have dealt a blow to the region’s labor market, said the Asian Development Bank. Last year, the pandemic pushed […]
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5 charts show the stages of global economic recovery since Covid hit
Commuters on a train in Hong Kong on March 2, 2022, amid the Covid pandemic. Dale De La Rey | AFP | Getty Images Oil prices plunged, travel came to a halt and unemployment rates spiked when the coronavirus hit in early 2020. Then, signs of recovery emerged. Stock markets rebounded and quickly surpassed 2019 […]
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