The COVID-19 pandemic caused the economic growth of the United States (U.S.) to come to a halt. As a result, many Americans relied on the COVID-19 relief packages the U.S. government provided.

The Department of Labor released a report showing that the adjusted number of people applying for unemployment claims is decreasing. The number of people who applied for unemployment benefits was 194,000, making it the lowest number since 1969.

The Bureau of Labor Statistics recently reported that the inflation rate for the past year had surpassed six percent. Protect yourself from inflation by investing your money through these methods.

A report released in early 2021 indicated that the money in the Social Security Trust Funds is expected to run out by 2034.

We often hear the word unemployed, which is when a capable person is actively seeking but does not have a job. However, we seemingly skip over the issues regarding underemployment, which is when a person is working but not to the full extent of their desires, abilities, or education.

President Joe Biden announced that unemployed Americans would no longer be eligible for unemployment benefits if they turn down a suitable job. Many believe President Biden's announcement is in response to many employers complaining of hiring struggles.

Over half of Americans live paycheck-to-paycheck, and additional financial stress has been added since the worldwide spread of the coronavirus. More than 40 million Americans are unemployed and having to file for unemployment benefits.

The CARES Act provides financial support to those who have been laid off due to the coronavirus outbreak. The CARES Act includes three different unemployment compensations strategies which are the Federal Pandemic Unemployment Compensation, the Pandemic Unemployment Compensation, and the Pandemic Unemployment Assistance.

Many people are being laid off due to companies being uncertain of the economic crisis due to Covid-19 pandemic. In fact, some experts have even predicted that unemployment will reach 20 percent. These U.S. companies are currently hiring.