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US jobless claims for the week ending May 16 totaled 2.4 million, the Labor Department said Thursday. That matched the median economist estimate of 2.4 million claims.  That raises the nine-week total to nearly 39 million. It's the seventh week in a row in which claims have declined but remained historically elevated. "Each week of such high claims is a disaster in its own...

Unemployment benefits are considered compensation, just like income from a job. Under the CARES Act, the federal government is paying eligible unemployed people an extra $600 a week until July 31. The additional payment is added on to your regular benefits and will be taxed as income. Read more personal finance coverage. Millions of Americans seeking unemployment benefits due to the coronavirus pandemic are...

More than 30 million Americans are seeking unemployment benefits during the coronavirus pandemic. Under the CARES Act, the government expanded the scope of unemployment insurance to pay more money for a longer period of time. The amount and length of pay varies by state, but the CARES Act added an additional 13 weeks to every state's maximum pay period. As long as you are...

Business Insider invites you to a free, live webinar answering questions about US unemployment benefits in the current climate. The Q&A event will take place at 1 p.m. E.T. on Friday, May 1, in Zoom's webinar format. Sign up for the webinar here. Submit emailed questions ahead of time to yourmoney@businessinsider.com. More than 26 million Americans have filed for unemployment benefits in just five...

On Thursday, the Labor Department released its weekly jobless claims report, showing 4.4 million Americans filed for unemployment in the week ending April 18.  In the last five weeks, 26 million Americans have lost jobs and filed for unemployment benefits as economic fallout from the coronavirus pandemic continues.  Here's what five economists said following Thursday's weekly jobless claims report.  Visit Business Insider's homepage for...

Each state has its own requirements to qualify for unemployment benefits, but in most cases you must have been laid off through no fault of your own. Self-employed workers, independent contractors, and part-time workers typically do not qualify for unemployment benefits, but are now covered under the federal government's coronavirus relief package. Anyone who is sick with the virus or helping a loved one...