The Last Weekly Jobs Report IS here
Happy New Year, Happy Thursday, which means this is the last weekly jobs report of the year from our good friends at the Department of Labor.
This week’s report once again displayed good news for the economy, as the actual unemployment figures were lower than last week, and exceeded the estimates of those DOW Jones economists.
The weekly report showed that 787,000 Americans filed their first-time unemployment claims, which is lower than the previous week’s 806,000 initial claims.
These numbers are also down from the 820,000 initial claims predicted by economists and create a new streak of increasing weeks of first-time unemployment claims.
I hope that this trend continues into the new year, as it’s still so disheartening to see hundreds of thousands of Americans filing unemployment for the first time each week.
Meanwhile, a recent study from the National Bureau of Economic Research displays just how crazy of a year we’ve had in relation to vacation days and time off.
According to the report: “In 2020, the average workday lengthened by nearly an hour and despite the long hours, workers are taking fewer breaks as well.”
Claire Barnes, senior vice president of human resources at Monster Worldwide, explained: “When your kitchen table becomes your office, it gets harder and harder to distinguish between work and home.”
She continued: “Sadly, we’ve seen more and more workers — across all sectors — not taking a vacation and personal time offered by their employers, whether that’s due to an increased workload or a struggle to find a good work/life balance.”
I sure hope that these overworked employees, as well as the millions of Americans collecting unemployment benefits, can finally see some much-needed stimulus to make the transition into 2021 a little easier.
Finally, the DOL announced yesterday in a press release the official terms of the new FPUC weekly $300 extended enhanced unemployment benefits for states across America to follow.
We now have an active timetable for the return of the FPUC unemployment funds, which “is reauthorized and modified to provide $300 per week to supplement benefits for weeks of unemployment beginning after December 26, 2020, and ending on or before March 14, 2021.”
I know you’re thinking, Andrew, it’s already past December 26th! Will I still get my Federal $300 unemployment funds?
The answer is yes, but it might take some time.
States that end unemployment weeks on a Saturday: “the first week for which FPUC must be paid at the $300 amount is the week ending January 2, 2021.”
For other states that end on Sundays: “the first week for which FPUC must be paid at the $300 amount is the week ending January 3, 2021.”
This means that funds should be able to be claimed this weekend, but as y’all know, not every state is going to roll out this program perfectly.
Stay tuned to the channel for updates on which states are paying, which are delaying, and where I might have to move to if Nevada continues to be the last state to pay out these vital unemployment benefits.
If you still haven’t applied for unemployment assistance, finish 2020 strong and apply today.
Just visit your state’s PUA or UI website, upload your employment history and ID, and let them know that you’ve been out of work due to that thing out there.
For honestly and truthfully answering their questions, you could receive a backdated unemployment check for up to $20,000.
To all of the gig-workers, self-employed, independent contractors, 1099 workers, even side hustlers, volunteers and freelancers, the PUA is back and ready to give you fiscal support into the first quarter of 2021.
Don’t miss out on your chance to receive these incredible government unemployment benefits, as they won’t be around for long.
Source: https://www.cnbc.com/2020/12/31/weekly-jobless-claims.html