The unemployment seems to be taking its toll in Ohio now. It seems that the Ohio’s unemployment fund is broke. This is because the tax that the employers pay to subsidize the unemployment fund id being reduced this year. Ohio has been one of the thirty three states that has been borrowing from the federal government to continue funding the unemployed who has lost jobs due to the recession. Ohio … Read more
We’ve come across many stories of people who once earned six-figure salaries but were then abruptly laid off. Such people often find it difficult to get another job with matching salary. Because of this, some of them opt to make themselves more marketable and pursue higher studies. The end result is that they add student loans to the burden of unemployment and may still fail to find a job that … Read more
April 2018 marks the 107th month of the current economic expansion that had begun in June of 2009. This expansion surpassed what was previously regarded as the second longest economic expansion in US history from February 1961 to December 1969. With the assumption that this economic performance continues, the record low jobless rates in 14 states will become part of the second longest economic expansion in US history. Fourteen states … Read more
Workplaces are getting extremely competitive day by day owing to an assortment of the talent pool from all age groups coupled with performance oriented policies from organizations. The bottom line is that everybody wants to be on top. After all, superior performance is always appreciated and rewarded. Some of our personal and collective strategies towards achieving success at the workplace may or may not work. The key to unlocking success … Read more
The unemployment situation has not spared Illinois State too. The unemployment rate has been rising since December 2006. Many of them thought that unemployment will not hit the teachers but they have been proved wrong. There are students, who have completed their degrees in English and have teaching certificates, looking out for jobs in vain. The worst part is that they have to start paying their loans after a grace … Read more
The recession has hit the states of US very hard, which in turn has hit the unemployment rate. This has a very bad effect on home loans section. Many loans have been ending up in foreclosure and that is a very sad situation. Reports claim that Nevada was the forerunner in the foreclosure rate. Almost one in every 69 houses have got a notice there. Arizona took the second place … Read more
California, like the other states in US, has been in recession since three years. The state has been making its best efforts to come out of it as soon as possible. The governor of the state, Arnold Schwarzenegger released the revise budget plan proposing major cuts in the health and welfare programs. He laid out the option of removing CalWORKS which was the state’s welfare-to-work program. The recession has resulted … Read more
For most of you following our updates in the articles section regularly, we’ve been breaking down monthly releases from the Bureau of Labor Statistics(BLS), U.S Department of Labor that talks about the overall unemployment situation in the country for the previous month. It is a comprehensive report that gives an in depth analysis and covers all states in the U.S. If you’re someone who is curious to know the nitty … Read more
In response to the Coronavirus pandemic, the federal government has passed the New Coronavirus Aid, Relief, and Economic Security (CARES) Act. This financial relief program includes several programs such as PUC, FPUC, retirement plan provisions, and funding for Short-Time Compensation (STC) programs. What Is A Short-Time Compensation Program? Short-Time Compensation, also known as shared-work program or work sharing, is an alternative to layoffs for employers whose available work has reduced. It … Read more
Are you in between jobs? If your answer is yes, it’s never easy. A day back, you were working, and today you miss going to the office. The best thing for you to do in this phase is to stay productive. You also need to take care of your health money and do many other things. Stay calm and positive, take a deep breath, and face the situation heads … Read more