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As the impact of President Trump’s tariffs comes into focus during the coming months, hundreds of thousands of workers could stand to lose their jobs. Economists have warned that the tariffs could drive up the unemployment rate, and many experts fear they could spark a recession. This upheaval could place additional stress on the current unemployment insurance program, which already fails to adequately support laid-off employees and other Americans struggling to find work.While unemployment benefits continue to be a key resource for workersoffering relief to one in six U.S. adults when unemployment surged during the pandemica new report from the National Employment Law Project (NELP) illustrates that they fall short of offering the level of support that workers say they need. The limits of unemployment benefits Of the nearly 1,500 workers surveyed, about one in five said they found that unemployment benefits were “not adequate to meet their financial needs,” though this figure varied by state. Since unemployment benefits vary from state to state, the average percentage of wage replacement could be anywhere from 29% in Alabama to 49% in Washington, according to NELP. In states where coverage was less generous, workers were more likely to express that their benefits were inadequate. Barriers to accessing benefits But the system also seems to be riddled with inefficiencies that make it difficult for people to receive the benefits to which they are entitled. Many respondents said they faced challenges when trying to navigate unemployment benefits, between tech issues and delayed payments. This was exacerbated during the pandemic but continued afterward, per the NELP survey. While fewer applicants had issues with payments overall, they continued to experience underpayment and delays receiving checks, not to mention being denied benefits outright. (In fact, the share of applicants who were incorrectly denied benefits doubled from 9% to 18% in the aftermath of the pandemic.) How employers can help Employers, too, can play a significant role in how people navigate these benefits. Nearly a third of workers said their employer had a hand in how they approached unemployment benefitsand 19% claimed an employer actively discouraged them from applying for benefits. On the other hand, employers were more likely to encourage highly paid and educated workers to seek out unemployment benefits. There was also some correlation with location, with workers receiving more assistance from employers in states like New Jersey, New York, and Pennsylvania. The study indicates that Americans are in need of more generous unemployment benefits and expanded eligibility, in addition to basic improvements to how they access those benefits. At the same time, it reaffirms that any access to those benefits can be a crucial source of support for people facing unemployment, mitigating food insecurity and helping families manage the steep cost of medical bills and mortgage payments. With the looming threat of job losses, more workers may come to rely on those benefits to make ends meet.
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E-Commerce
The higher education community is pushing back against the Trump administration’s treatment of colleges and universities. On Tuesday, the American Association of Colleges and Universities (AAC&U), a global membership organization, published a joint statement condemning the administration’s ongoing threats to withhold federal funding from colleges and universities.“We speak with one voice against the unprecedented government overreach and political interference now endangering American higher education,” the letter reads. “We are open to constructive reform and do not oppose legitimate government oversight. However, we must oppose undue government intrusion,” it said, adding: “We must reject the coercive use of public research funding.” More than 170 university, college, and scholarly society presidents signed the letter, including those from the Ivy League institutions of Harvard, Brown, and Princeton, as well as heads of liberal arts schools and community colleges.The statement comes as tensions between higher education institutions and the current administration have been heating up in recent weeks. On Monday, Harvard University said it filed a lawsuit against the Trump administration, alleging Trump’s decision to freeze $2.2 billion in funding was unlawful. “Today, we stand for the values that have made American higher education a beacon for the world,” Harvard President Alan Garber said in a statement announcing the suit. “We stand for the truth that colleges and universities across the country can embrace and honor their legal obligations and best fulfill their essential role in society without improper government intrusion.” In its complaint, Harvard accused the government of failing to follow procedures set by federal civil rights laws and said the government was attempting to “coerce and control” the university by denying necessary funding. The federal funding freeze came after Harvard refused to bend to the administration’s demands, which included giving the administration information on students who may be participating in political activism it disagrees with; banning masks on campus; and ending diversity, equity, and inclusion programs. The gravy train of federal assistance to institutions like Harvard, which enrich their grossly overpaid bureaucrats with tax dollars from struggling American families is coming to an end, White House principal deputy press secretary Harrison Fields said in a statement on Monday, per CNN. Taxpayer funds are a privilege, and Harvard fails to meet the basic conditions required to access that privilege. As the Trump administration has revoked student visas and detained students who participated in pro-Palestinian demonstrations on campuses, which the administration has called antisemitic, the reaction from colleges and universities has differed broadly from school to school. While some institutions have stood fiercely behind their detained students, others have seemed to bow to Trump’s demands. Columbia University has expelled, suspended, and revoked the degrees of some students who had participated in political protests. However, Tuesday’s letter might be a sign of whats to come, as it is the largest collective effort among university and college heads to push back against the administration thus far.
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E-Commerce
UnitedHealth Group spent nearly $1.7 million on security for its top executives in 2024, the healthcare conglomerate disclosed on Monday, months after the fatal shooting of senior executive Brian Thompson outside a Manhattan hotel in December. The company also paid $207,931 on behalf of certain family members of the executives to provide them with personal and home security services, it said. The security spending disclosures, absent from UnitedHealth’s previous annual filings, underscore how the December shooting is prompting companies to reassess the risk of targeted violence against top management. U.S. drugmakers Johnson & Johnson and Eli Lilly also increased spending on security for their top executives in 2024, regulatory filings showed last month. “We believe that these security services are appropriate and necessary given the risks associated with executive officer positions at the company,” UnitedHealth said in the filing. Brian Thompson, the former CEO of UnitedHealth Group’s insurance unit UnitedHealthcare, was shot dead on December 4 outside a Midtown Manhattan hotel where the company was holding an investor conference. The filing also showed UnitedHealth CEO Andrew Witty’s total compensation for 2024 was $26.3 million, compared with $23.5 million a year ago. The conglomerate spent $150,951 towards Witty’s security, while $926,989 was paid for Heather Cianfrocco, the CEO of the company’s health services unit Optum. Following Thompson’s murder, health insurers removed pictures of their executives from corporate websites. In January, organizers at a major San Francisco healthcare meeting increased security for attendees inside and outside the venue. In past years, healthcare and pharmaceutical companies have typically covered the use of private jets and provided limited security-related compensation, according to earlier filings with the U.S. Securities and Exchange Commission. Sriparna Roy, Reuters
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E-Commerce
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