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unemployment-benefit

Unemployment benefits are here, but workers are not happy
Regulations 4 years ago

PREMIUM
Unemployment benefits are here, but workers are not happy

The new unemployment benefits (JKP) scheme has been billed by the government as an alternative to early pension payout, but workers say it is an inadequate safety net in times of need.
Jobless benefit claims far exceed estimates for 2021
Business 4 years ago

PREMIUM
Jobless benefit claims far exceed estimates for 2021

The Workers Social Security Agency (BPJS Ketenagakerjaan) is under pressure as claims have exceeded initial projections and membership has dropped.
How the new US $900b stimulus package breaks down
Business 5 years ago

How the new US $900b stimulus package breaks down

The US$900 billion stimulus package aimed at bolstering the United States economy during the coronavirus pandemic was signed into law by President Donald Trump on Sunday.
US, European stocks end at records on US stimulus, Brexit deal
Business 5 years ago

US, European stocks end at records on US stimulus, Brexit deal

All three major US stock indices finished at all-time highs, a feat reached earlier in the day by Germany's DAX index.
Trump signs pandemic aid and spending bill, averting government shutdown
Business 5 years ago

Trump signs pandemic aid and spending bill, averting government shutdown

Unemployment benefits being paid out to about 14 million people through pandemic programs lapsed on Saturday, but will be restarted now that Trump has signed the bill.
Fed faces tricky act balancing impact of vaccines against economic pain
Business 5 years ago

Fed faces tricky act balancing impact of vaccines against economic pain

The conclusion of the Fed’s last policy meeting of 2020 will cap a tumultuous year in which it slashed interest rates, ramped up bond purchases and took other extraordinary measures to stem the economic carnage of the pandemic.
Low-income US households are spending savings quicker than high earners: Study
Business 5 years ago

Low-income US households are spending savings quicker than high earners: Study

By the end of October, the median low-income family spent 64 percent of the extra cash they accumulated this year compared with last year.
Lawmakers push bipartisan US stimulus plan to break stubborn deadlock
Business 5 years ago

Lawmakers push bipartisan US stimulus plan to break stubborn deadlock

The proposal would follow up on the $2.2 trillion CARES Act rescue package passed in the COVID-19 pandemic's early days, which was credited with keeping the US economy from a more severe downturn.
White House seeks limited coronavirus relief bill, promises talks on broader stimulus
Business 5 years ago

White House seeks limited coronavirus relief bill, promises talks on broader stimulus

President Donald Trump on Friday offered a $1.8 trillion coronavirus relief package in talks with Pelosi after urging his team on Twitter to “go big” - moving closer to Pelosi’s $2.2 trillion proposal.
Jobs hemorrhaging persists even as US economy recovers
Business 5 years ago

Jobs hemorrhaging persists even as US economy recovers

The business shutdowns beginning in March to stop the spread of Covid-19 sent the unemployment rate to 14.7 percent in April, though it has since decreased.
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