The pandemic has wreaked havoc on the economy — the United States still has 8.4 million fewer jobs than it had in February 2020, just before the pandemic struck.
The March increase — the most since August — was nearly double February’s gain of 468,000, the Labor Department said Friday. The unemployment rate declined from 6.2% to 6%.
Twice a week volunteers from the Future Economy Collective fill boxes with food, clothing and cleaning supplies to fill the gap between other financial assistance programs.
The federal government’s pause on student loan payments is being extended to more than 1 million borrowers who have defaulted on student loans that are held by private lenders, the Education Department announced Tuesday.
Until the federal government declares an end to the pandemic, more than 190,000 borrowers who are now in the three-year monitoring period will not be required to submit proof of their earnings.
The Rockbridge Area Relief Association is reminding people that they're available to help with necessary expenses like water and electric bills or rent that residents may not be able to meet.
The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign that the economy is improving.
The Treasury Department says it has sent out another 37 million economic impact payments over the past week, bringing the total disbursed in the past two weeks to $325 billion.
Those who receive benefits from the federal government’s Supplemental Nutrition Assistance Program may receive additional funding for several more months as a result of stimulus funding.
“The FAFSA is the first step in helping Virginia students qualify for thousands of dollars in state and federal grants and scholarships,” said Governor Northam.
Internal Revenue Service Commissioner Charles Rettig said his agency may not be able to start paying those credits in July, the deadline the massive $1,9 trillion relief law calls for.
They say new businesses, plus the traffic improvements underway on route 419, create a great opportunity for folks to consider locating their businesses in Tanglewood Mall.
Americans will be getting extra time to prepare their taxes. The Internal Revenue Service says it’s delaying the traditional tax filing deadline from April 15 until May 17.
