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Yahoo MoneyTech exec: Workers are 'taking advantage of the new flexibility'
The pandemic opened up possibilities that employees before didn't consider, according to one tech exec, and that's helping them to rethink their work choices.
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Stimulus checks: California and other states send payments to their residents
States are using leftover stimulus funds to send their residents stimulus payments as more federal direct aid appears unlikely.
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More jobless workers sue states over what studies show is a misguided labor policy
As more workers sue states for opting out of the federal unemployment programs prematurely, more studies show that the cancellation of those benefits haven’t led to job gains.
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Workers are ready to give up pay and benefits to stay remote, survey finds
Almost two-thirds of remote workers or those looking for a remote job are ready to take a 5% pay cut to work from home, according to a new survey.
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States expand this ‘poverty-fighting' tax credit to help low-income families
Many states are providing more relief to their low- and middle-income residents by expanding a targeted tax credit, following a boost to the same federal credit by the Biden Administration.
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Ending unemployment benefits early didn't help U.S. states very much
One in 8 workers who lost some or all of their benefits in the 19 states that ended the unemployment programs in June found a new job by August 6, according to new research.
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Biden administration calls on states to use stimulus funds for unemployment aid after expiration
The Biden administration is calling for states to use leftover stimulus funds to extend key unemployment programs that are set to expire in early September.
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61% of U.S. households paid no federal income tax last year
Nearly 107 million households — or 61% of U.S. households — owed no federal income taxes in 2020, marking a 40% increase from 2019.
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Child Tax Credit: Democrats look to extend 'transformational' expansion
Under Biden’s $3.5 trillion, 10-year spending plan, the increased Child Tax Credit and the advance monthly payments would continue through 2025, while the credit would be made fully refundable permanently.
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Unemployment benefits during the pandemic helped workers more than in the Great Recession
More than half of unemployment insurance recipients whose 2020 earnings dropped by 10% or more received benefits that met or exceeded the amount their earnings decreased.
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Workers see mixed success with lawsuits over early termination of unemployment benefits
Unemployed workers in Missouri are suing their governor for ending federal unemployment programs early, becoming part of a movement that has cropped up in ten other states where similar lawsuits have met mixed success.
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IRS sends $15 billion in second round of Child Tax Credit payments amid tech issues
The Internal Revenue Service sent the second set of monthly Child Tax Credit payments to families of nearly 61 million children — worth $15 billion — this week.
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Child Tax Credit: Many families used the first payments to pay off debt
Forty percent of Americans said their first payment went to pay debt, while 32% said they mostly saved the money and 27% said they mostly spent it, according to the Census.
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Job openings top 10 million in June, another record high
Demand for workers continued to grow in June, hitting the fourth straight record high for the 21st century, as the economy continues to recover and workers hold more leverage.
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7.5 million workers face 'historic' unemployment benefits cliff in September
An estimated 7.5 million unemployed workers will be left with no benefits in September when key pandemic unemployment programs are set to end.
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Auto loan debt doubled in the last decade, more than any other debt
Auto debt reached $1.42 trillion in the second quarter of 2021, doubling over the last 10 years, according to the Federal Reserve Bank of New York.
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Unemployment: Workers in more states sue governors over early end to benefits
Unemployed workers in Louisiana and South Carolina joined a growing movement challenging governors for ending federal unemployment programs early.
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Expanded Child Tax Credit could generate benefits worth eight times its cost
The $100 billion investment to increase the Child Tax Credit this year would generate about $794 billion in current and future benefits for society.
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Job switchers are the big winners in the pandemic labor market
Job switchers saw their wages grow 5.8% year over year in June, while job holders experienced a 3.1% gain, according to a report by ADP.
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More lawsuits mount against states canceling unemployment benefits
Workers in eight states are now suing their governors for opting out of unemployment programs earlier than the federal expiration in September.
