Finance Unemployment

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Monday, 28 September 2020

Latest News for: Finance unemployment

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Coronavirus threatens Europe’s pension industry

The Irish Times 28 Sep 2020

Big increases in unemployment will shrink the tax revenues used to fund state pensions and reduce contributions to retirement saving schemes run by employers and individuals ... The call from Better Finance comes as concerns mount that rising unemployment will prompt older workers to raid their pension savings early....

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Little progress made in strike talks

The Sharon Herald 28 Sep 2020

Union members and supporters stand along Roemer Boulevard in Farrell during a United Steelworkers Union candlelight vigil Sept. 3 in front of NLMK Pennsylvania. TANNER MONDOK . Herald ... The prospect of a lengthy strike could have ramifications for Farrell’s city finances, already buffeted by lost wage taxes from COVID-19-related unemployment ... .......

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McDonald describes cuts to PUP as 'unfair and wrong'

RTE 27 Sep 2020

Sinn Féin leader Mary Lou McDonald has said the cuts to the Pandemic Unemployment Payment rates are wrong and she does not accept the Minister for Finance's reasons for doing so. Earlier this week, Paschal Donohoe said the reasoning behind the cuts was so that the PUP could last longer for more people ... She said ... ....

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Democratic election sweep win would add 7 million more jobs than a GOP one, analysis finds

Yahoo Daily News 26 Sep 2020

A Democratic sweep this election cycle would bring a faster recovery to the job market than a Republican one, according to a new analysis, adding millions of more jobs, shrinking the unemployment rate faster, and boosting the number of workers in the labor force higher ... (David Foster/Yahoo Finance) ... (David Foster/Yahoo Finance)....

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Don’t get hit with unexpected tax bill from unemployment insurance payments

The Record 26 Sep 2020

— The New York State Department of Taxation and Finance encourage New Yorkers to review their current tax situation ... “We know that many taxpayers are facing challenges this year, and we want to remind them of all the valuable tax credits available here in New York,” New York State Commissioner of Taxation and Finance Mike Schmidt stated....

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Governor offer plan to help with unemployment benefits, local governments

The Advocate 25 Sep 2020

John Bel Edwards on Friday asked legislative leaders to move $175 million in unspent dollars for small businesses to help shore up Louisiana's dwindling unemployment fund and for local governments ... The fund that finances weekly unemployment benefits has shrunk from more than $1 billion to $49.4 million, the governor said....

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No tax amnesty for those who availed of pandemic unemployment payments or the wage subsidy scheme

Irish Independent 25 Sep 2020

Thousands of people who availed of the Government’s pandemic unemployment payment or wage subsidy scheme will not start paying back any outstanding tax due until 2022 ... However, the temporary wages subsidy scheme and pandemic unemployment payments is liable for income tax and USC at the end of the year....

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House Democrats plan new $2.4T stimulus package including unemployment aid [Video]

Yahoo Daily News 25 Sep 2020

... will include unemployment aid....

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Focus: Powell, Sunak and the quality of fiscal stimulus

Arab News 25 Sep 2020

He stressed that employment was the key metric and voiced concerns over unemployment levels ... The labor market will undoubtedly see changes when the economy eventually recovers from the pandemic, and government finances have their limits....

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UK consumer confidence rises to highest since lockdown, report says

The National 25 Sep 2020

The GfK Consumer Confidence Barometer rose unexpectedly to -25 in September from -27 in August ... But the prospect of rising unemployment makes many economists cautious, especially since finance minister Rishi Sunak confirmed on Thursday that support for furloughed workers would be scaled back sharply from November onwards ... Read More ... ....

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“We Don’t Have the Luxury of Time.” Americans Suffer as the Passage of a New ...

Time Magazine 25 Sep 2020

The Federal Pandemic Unemployment Compensation, which provided an additional weekly $600, ended on July 31 ... And if they’re a worker or an unemployed person, the first thing they pay attention to is their own finances....

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"We Don’t Have the Luxury of Time." Americans Suffer as the Passage of a New COVID Relief Bill Is Complicated by Ginsburg's Death

Time 25 Sep 2020

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Adviser expects FY2020 growth estimate to worsen further

The News International 25 Sep 2020

The finance adviser took exception on lack of reliable data on unemployment by the Pakistan Bureau of Statistics (PBS), according to the sources ... The finance adviser underscored the need for building capacity of PBS for providing reliable data, which he said will help in effective policymaking....