How budget cuts and restrictive policies hobbled the unemployment insurance system [Los Angeles Times (CA)]
The Goodyear Tire & Rubber Company (GT)
Last the goodyear tire & rubber company earnings: 4/30 07:15 am
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Source: Los Angeles Times
As the number of laid-off workers seeking jobless benefits grew by nearly 4 million in just the last week, it’s little surprise that the systems charged with responding are overwhelmed. For decades, state and federal agencies have seen their budgets cut, staffs reduced and their operations hobbled by increasingly restrictive rules. The result today is more pain and financial damage for millions of Americans who suddenly lost the paychecks they needed to pay rent, mortgages, grocery bills and other basic living expenses while the coronavirus outbreak raged. Swamped by 30 million new filings since mid-March , state employment agencies are starting to catch up, although millions of people are still waiting for their first check. In March, states issued new jobless benefits to 1.7 million people, more than triple the number paid out in February, according to U.S. Labor Department figures released this week . That’s still just 14% of the nearly 12 million new workers who applied for benefi
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GT
Earnings
- 2/12/24 - Beat
GT
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 3
- 4/12/24 - Form 8-K
- GT's page on the SEC website