LI job growth has slowed as the unemployed await promised $300 aid boost

Long Island reported anemic job growth last month as jobless residents and New Yorkers across the state waited anxiously for a boost of $300 in weekly unemployment payments to hit their bank accounts in the coming days.

In August, Long Island was still down 152,200 jobs from a year earlier, the state Labor Department reported Thursday, with a gain of 7,500 nonfarm jobs on a month-to-month basis. The monthly gain is well below the 17,800 jobs gained in July, and the pace of growth has slowed since the 78,000 new jobs reported in June.

“The overall pace of job growth on Long Island slowed,” said Shital Patel, labor market analyst in the Labor Department’s Hicksville office. “The large gains in jobs in May, June, and July reflect the phased reopening of the economy.”

Patel said that the slower job growth in August is likely due to businesses relying on smaller

Read More

AIA Singapore to create up to 500 job opportunities to help tackle unemployment amid COVID-19

SINGAPORE: Insurance provider AIA Singapore has pledged to create up to 500 job opportunities for fresh graduates and mid-career job seekers to help cushion the blow of rising unemployment amid COVID-19.

Successful candidates will undergo an initial 10-month training programme, leading to three certifications in finance and investment.

Financial support of between S$2,000 and S$5,000 per month will be provided during the programme, with a bonus awarded upon completion of certain training modules.

“At a time when so many are impacted by retrenchment or are struggling to find jobs, it is vital that we support Singaporeans and permanent residents by creating sustainable and long-term career opportunities,” said Ms Wong Sze Keed, CEO of AIA Singapore in a media release on Monday (Sep 21).

“The AIA Financial Career Scheme 2020 equips individuals with the skills and necessary financial knowledge to pursue a new career path in the financial services

Read More

Prepare W-4 2020, other benefits when you get a new job

Peter Dunn, Special to USA TODAY
Published 11:26 a.m. ET Sept. 20, 2020 | Updated 3:41 p.m. ET Sept. 21, 2020

CLOSE

Open enrollment for Obamacare 2018 plans began Nov. 1. For most states, the last day to sign up is Dec. 15.
Video provided by Newsy

Dear Pete,

I’ve been without work income for four months now, but I just received a job offer. I haven’t started a new job for almost twenty years, as I’d been with the same company that entire time. When it comes to starting a new job, have things changed from a benefits and procedural perspective? I want to make sure I don’t make any mistakes.

–  Allison, New Haven, Connecticut

Congratulations. And I hope millions of other Americans are soon able to experience what you’re about to experience.

You’re smart to pause and ensure your onboarding process goes smoothly. It’s incredibly easy to

Read More

Compare job titles and quotes

It’s important to read this before you change your job title so you know what’s a legitimate change and what isn’t (this can be fraud if it’s not done right). If you’re happy the tweak you’re doing is legit, go straight to our Cheap Car Insurance guide for more MoneySaving tips (or contact your insurer if you’re mid-policy).

What can’t you do?

If you’re an office administrator and you want to say you’re a driving instructor as it’s cheaper, this is simple fraud. And if your insurance company finds out, it could cancel your policy and add you to a central fraud database, which other insurers can see – making it hard to get cover in future.

What can you do (legally)?

As, Martin says above – imagine you’re asking a reasonable person who knew what you did for a living. Would they say it was reasonable for you to

Read More

Job vacancies remain unfilled as unemployment claims increase | Economy & business

At its peak, more than 4,500 unemployment insurance claims were filed by Frederick County residents during the COVID-19 pandemic. During the week of Sept. 12, less than 200 new claims were filed in the county.

It’s a significant drop, but it indicates people are still losing their jobs or can’t find new employment opportunities six months into the global pandemic. Meanwhile, many industries like manufacturing, construction and nursing are actively hiring and not getting the help they need.

According to iHire, a Frederick-based website for jobseekers and employers, 36.9 percent of current job seekers are unemployed due to the coronavirus pandemic.

Meanwhile, 27.9 percent of companies that aren’t hiring right now are doing so because they’ve had to downsize during COVID-19. But some fields are actively growing, said Patty McDonald, business services manager for Frederick County Workforce Services. These include manufacturing, life sciences and bio-health, transportation and health care, most

Read More

Colorado Springs military contractors mostly untouched by COVID job losses | Colorado Springs News

Even as the COVID-19 battered the Colorado Springs economy, costing tens of thousands of jobs, the defense contracting industry stayed strong.

Why? Thank U.S. Space Command and the new Space Force, at least in part. The arrival of the joint command, the creation of the new military branch and a greater emphasis on space have triggered a major wave of growth for local defense contractors.


Competitors in 25 states woo U.S. Space Command, but local leader remains confident

Industry officials say the defense industry is thriving in Colorado Springs, where more than a third of the local economy depends on military spending, because the U.S. Space Command is based at Peterson Air Force Base, at least temporarily, and much of the operations of the new Space Force also are spread across area bases.

“The opportunity (from U.S. Space Force and U.S. Space Command) is on par with when NorthCom (U.S.

Read More

After 40-plus years, it’s the last day on the job for industry icon J.R. (Bob) Tisdale Canadian Underwriter

Canadian P&C insurance industry icon J.R. (Bob) Tisdale is stepping down today as president and chief operating officer of Pembridge and Pafco insurance companies in Canada, coinciding with his 40-year work anniversary.

Allstate Insurance Company of Canada first announced his retirement in August 2019.

“In my 42 years in the industry, I have seen some incredible changes,” Tisdale wrote in a LinkedIn post commemorating the occasion. “It seems every time our industry is challenged with something new we adapt and provide the products and services necessary to protect people’s financial well-being. I also met some incredible people along the way. Too many to mention everyone but a few really stand out.”

In particular, Tisdale thanked his spouse Christine, “who I met in the industry and has supported my journey for over 35 years. This support allowed me to complete all of my post-secondary schooling while working full-time. It also allowed

Read More

Health Insurance Options When Leaving a Job

Question: I’m thinking about leaving my job and starting my own business, but I’ll lose my health insurance from work. Can I sign up for coverage through HealthCare.gov now, or do I have to wait until open enrollment?

Answer: You usually need to wait until open enrollment to buy individual health insurance, but you can get coverage anytime during the year if you’re eligible for a “special enrollment period.” To qualify, you must have experienced one of several life changes, which include leaving your job and losing your employer health coverage; moving to a new zip code; getting married; having a baby or adopting a child; or losing health insurance because you got divorced or legally separated. If you qualify for a special enrollment period, you usually have up to 60 days following the event to enroll in a new health insurance plan. See Healthcare.gov for more information about special

Read More

With job losses, workers and their families lose health insurance coverage

What’s going on with extra COVID-19 unemployment benefits?

It’s been weeks since President Donald Trump signed an executive memorandum that was supposed to get the federal government back into the business of topping up unemployment benefits, to $400 a week. Few states, however, are currently paying even part of the benefit that the president promised. And, it looks like, in most states, the maximum additional benefit unemployment recipients will be able to get is $300.

What’s the latest on evictions?

For millions of Americans, things are looking grim. Unemployment is high, and pandemic eviction moratoriums have expired in states across the country. And as many people already know, eviction is something that can haunt a person’s life for years. For instance, getting evicted can make it hard to rent again. And that can lead to spiraling poverty.

Which retailers are requiring that people wear masks when shopping? And how are

Read More