“That’s something that is occurring across the economy, in semiconductors to lumber, and we’re seeing a similar crunch in the labor market. The US government has sent 804 billion directly to low- and middle-income individuals and families via three rounds of stimulus payments that were delivered via direct deposit, checks or debit cards. “Demand is outpacing supply,” said Daniel Zhao, senior economist at Glassdoor, a job listings website. Other telltale signs of labor shortages have emerged as well: Average hourly pay rose 0.7% in April to $30.17, which the government said suggests that the fast reopening of the economy “may have put upward pressure on wages.” The average workweek also rose, evidence that companies are asking their employees to work more. This is what happened in April, when the unemployment rate ticked up from 6% to 6.1%.Įmployers are now posting far more jobs than they did before the pandemic, and “help wanted” signs dot many restaurant windows. The resumption of hiring has encouraged some Americans to start looking for jobs, which means they are newly counted as unemployed if they don’t immediately find work. April’s total is far below March’s gain of 770,000. Still, companies have added jobs for four straight months, the Labor Department said Friday, though the government lowered its estimate of job growth for February and March by a combined 78,000. And some businesses say they believe that a $300-a-week jobless benefit, paid for by the federal government, is discouraging some of the unemployed from taking new jobs. Stimulus checks: 10 million people are still eligible for payments but have 1 month to claim them - CBS News Watch CBS News MoneyWatch Stimulus checks: 10 million people are still. Both sectors pulled back on hiring in April. In addition, construction companies and manufacturers, especially automakers, have been left short of parts because of clogged supply chains and have had to slow production for now. More women also dropped out of the workforce last month, likely to care for children, after many had returned in the previous two months. Nearly 3 million people are reluctant to look for work because they fear catching the virus, according to government surveys. Last month’s hiring slowdown appears to reflect a host of factors.
With viral cases declining and states and localities easing restrictions, the recovery from the pandemic recession has been so fast that many businesses have been caught flat-footed in the face of surging consumer demand.
RECENT STIMULUS CHECK NEWS HOW TO
Also, here's how to get in touch with the SSA to resolve any questions or issues with your Social Security payments.‘It’s hard to compete with unemployment’: RI restaurants struggle with staffingĮmployers added just 266,000 jobs in April, sharply lower than in March and far fewer than economists had expected.
July 26: SSDI payment for those with birthdays falling between the 21st and 31st of any given month.įor more, here's why wait times for disability claims are at an all-time high. July 19: SSDI payment for those with birthdays falling between the 11th and 20th of any given month. July 12: SSDI payment for those with birthdays falling between the 1st and 10th of any given month. July 3: Payment for those who've received SSDI since before May 1997. Here's when your payment should arrive, based on your date of birth:
When your check arrives depends on your birth date and the year you started receiving SSDI money. For example, June 3 fell on a Saturday, so beneficiaries received their payments on Friday, June 2. If the third day of the month falls on a weekend or holiday, you'll get your payment on the nearest business day.
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