Tag: Unemployment
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CBO projects higher unemployment, slow exit from inflation
The Congressional Budget Office said Wednesday that it expects the U.S. economy to stagnate this year with the unemployment rate jumping to 5.1% — a bleak outlook that was paired with a 10-year projection that publicly held U.S. debt would nearly double to $46.4 trillion in 2033.
California’s Unemployment Rate Falls to Record Low Level
California’s unemployment rate fell to historically low levels in July, while adding the state’s largest job gain since February and second largest since August 2021.
Inflation ahead? Even a top economist says it’s complicated
WASHINGTON (AP) — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve’s ultra-low interest rate policies — when the economy is already surging — have elevated the risk of accelerating inflation.
US unemployment claims fall to 376,000, sixth straight drop
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy, held back for months by the coronavirus pandemic, reopens rapidly.
IRS unemployment tax refund: Taxpayers frustrated by tracking issues, slow pace of payments
Leave it to the Internal Revenue Service (IRS) to disappoint people twice in the same tax season.
After waiting longer than usual to receive their refunds this year, many Americans who overpaid taxes on unemployment compensation in 2020 are now eagerly waiting for a second refund that the IRS said would begin to go out this month. With the month more than half over, the IRS is providing few updates.
