promoearn: The Daily Money: I have to return my unemployment

Monday, June 8, 2020

The Daily Money: I have to return my unemployment

ALL THE MONEY NEWS YOU NEED TO KNOW

Monday, June 8

Good morning, Daily Money readers. An overwhelmed, emotionally-drained nation starts a new week. While the government reported a surprise 2.5 million job gains in May on Friday, the nation's unemployment rate remains the highest since the Great Depression. And there's anxiety around events beyond just the high number of out-of-work people. We're still in a pandemic and Americans are angry over police brutality, extending last week's demonstrations into the weekend to vent their feelings.

Here are our top stories touching on these historic events:

With a record number of Americans applying for unemployment, state labor departments are overwhelmed and struggling to get badly needed benefits to residents. But some people, like our reporter Jessica Menton, have the opposite problem: The government is sending them too many checks, money that they're required to return.

Fox News is apologizing for on-air graphic. The graph showed positive stock market changes after Martin Luther King Jr.'s assassination and the police killings of Michael Brown and George Floyd.

Retirement is looking dicey. A new study says nearly half of Americans don't have enough funding to maintain their lifestyle after they stop working.

For more money and tech news, keep scrolling down.

David Brinkerhoff, Deputy Money Editor

Unemployment claims are soaring as the coronavirus pandemic shuts down businesses.

I got too many unemployment checks. Here's what I did

While millions of American's haven't gotten unemployment payments, some people like me have the opposite problem: The government is sending us too many checks or direct deposits, money we're required to return.