#Unemployment

.New Delhi, Delhi, India
A postgraduate student said he has been unable to find work amid the pandemic and has been forced to take up odd jobs. (Photo Credit: Twitter/@VikashSanchi)

  • "I am a sociology postgraduate from Ambedkar University Delhi. I can work as a driver also," Vikash said
  • He also shared his resume on Twitter
  • After his appeal, many people reached out to Vikash to help him

.Washington D.C., DC, USA
Treasury Secretary Janet Yellen. (Photo Credit: AFP File)

  • The aid is part of President Joe Biden's $1.9 trillion American Rescue Plan
  • Janet Yellen said the aid corrects the policy mistakes during 2008 financial crisis
  • Treasury officials told reporters the funds cannot be used to invest in pension funds

.Washington D.C., DC, USA
A total of 16.2 million people had sought some sort of unemployment benefit as of the week ending on April 27. (Photo credit: Representational Image/Unsplash)

  • Unemployment claims saw a drop from 590,000 to 498,000 in the week ending on May 1
  • The drop is indicative of a recovering job market
  • The weekly figure of jobless claims is often used to rate of layoffs

.Columbia, SC, USA
In Colombia, almost one in five people are unemployed and the minimum wage is the equivalent of $248 per month. (Photo Credit: Representative Image/Unsplash)

  • Colombians complained that the tax changes would leave them poorer amid the pandemic 
  • Ivan Duque gave in to the public pressure and said it would be rewritten
  • Protests were held in other cities such as Cali, Medellin, and Barranquilla

.Washington D.C., DC, USA
US President Joe Biden took office on January 20, 2021. (Photo Credit: Twitter/@

  • Joe Biden is set to unveil his American Families Plan and American Jobs Plan today
  • The announcement today could also include ending tax cuts
  • The jobs plan, Biden had said, will invest about $2 trillion over the next eight years

.Washington D.C., DC, USA
Corporations in the US have begun looking at hiring as an unprecedented challenge. (Photo credit: Representational image/Unsplash)

  • Three quarters of the entire population of United States is still not vaccinated
  • The pandemic had destroyed about 22 millio jobs in the country, undr which 14 million have been restored
  • Sectors econmically hardest hit include retail, food service, entertainment and hospitality

.Washington, D.C., DC, USA
Federal Reserve Chairman Jerome Powell. (Photo Credit: Twitter/@federalreserve)

  • Powell painted a more optimistic picture about the economy
  • He said a recovery is possible only if there isn't a second wave of COVID-19
  • Quoting CDC, he said 'more than 183 million vaccines' have been administered

.New York, NY, USA
Democratic party lawmakers Chuck Schumer and Alexandria Ocasio-Cortez. (Photo Credit: AFP)

  • New York on Wednesday approved the $2.1 billion "excluded workers" fund
  • One-time payments of up to $15,000 will be issued to workers who lost their jobs
  • The fund was approved by the state's Congress as part of a budget worth $212 billion

.Washington D.C., DC, USA
An individual must have a Social Security number to be eligible for the stimulus payment. (Photo Credits: Representational Image/Unsplash)

  • The bill is expected to be signed into law by President Biden soon
  • Buying insurance through COBRA will become cheaper
  • The new stimulus plan has made the first $10,200 of unemployment benefits tax-free

.Washington D.C., DC, USA
The bill passed in the US Senate with minor changes (Photo Credit: Representational Image/ Unsplash)

  • The bill will be put up to vote on Tuesday in the House
  • The $1.9 trillion package aims to ease the financial burden on Americans caused by the pandemic
  • The bill is expected to provide a 7% expansion to the US GDP