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American businesses are on a hiring spree.The US economy added 313,000 jobs in February. That was much stronger than economists expected and the biggest gain since July 2016, according to Labor Department figures published Friday.The unemployment rate stayed at 4.1%, the lowest in 17 years.Wages grew 2.6% compared with a year earlier, a few notches below the pace in January. That delighted investors: The Dow was set to open up more than 150 points. More modest wage growth cools fears about inflation and rising US interest rates, both of which spooked the markets last month.In the first two months of the year, the United States has already added more than half a million jobs.Job gains for December and January were both revised higher. 757
Anthony Borges, 15, was shot five times during the mass shooting at his high school, according to the Broward County Sheriff's Office.On Sunday, the injured teenager remained in a hospital bed with his face swollen and his body tethered to IV and oxygen tubes."Fortunately, he is recovering -- but has a long road ahead with more surgeries needed," according to a Broward County Sheriff's Office Facebook post. 424
As children return to school, security experts want parents to add one more thing to their yearly checklist – safeguarding their child's identity.Monday is Child Identity Theft Awareness Day.“This is a huge problem that frankly no one is aware of if they're not paying attention to it, because it feels like an adult crime and it couldn't possibly happen to a child, but it does,” said Eva Velasquez, President and CEO of Identity Theft Resource Center.Recent studies show over 1 million children are impacted each year, with losses over .6 billion.This year, new government programs for COVID-19 relief have created new vulnerabilities.Children are prime targets because thieves can use their credentials to build credit history over time, then take out loans, open credit cards and max them out.It can take months or even years for parents to realize their kids now have bad credit.“The detection methods adults use just by engaging in the outside world, those aren't there for children and the thieves realize that and they know it can go undetected for long periods of time,” said Velasquez.The center says it's never too early to start monitoring your child's identity.Teach them cyber safety as they get older and watch for red flags.If you get something in the mail for your kid that looks like it should be for adult, don't write it off as a mistake.The biggest recommendation is to freeze your child's credit. It won't solve everything, but it will significantly lower risks. 1494
An influx of college financial aid applications this year means that money could run out for students who don’t file early.Due to financial strain caused by COVID-19, nearly 40% of families that didn’t previously plan to apply for federal financial aid now expect to do so, according to a recently released survey from Discover Student Loans.The federal government, states, colleges and other organizations use the Free Application for Federal Student Aid, or FAFSA, to award financial aid. You must complete the FAFSA to be considered for financial aid.You have 21 months to submit the FAFSA for any given academic year. For the 2021-22 school year, the FAFSA opens Oct. 1, 2020, and closes June 30, 2022. But that doesn’t mean you should wait.“There is no downside to applying early, but a lot of risk in applying late,” says Manny Chagas, vice president and head of marketing and product at Discover Student Loans.Here’s why you should file the FAFSA now.Better shot at more free moneyThe sooner you submit the FAFSA, the greater your chances are of getting free aid you don’t have to repay, such as grants or scholarships.Federal Pell Grant money likely won’t run out, but other need-based aid, including that awarded through your school and state, is limited and awarded on a first-come, first-served basis. Jack Murphy, financial aid counselor at the University of Northern Iowa, named the Federal Supplemental Educational Opportunity Grant and his school’s tuition assistance grant as examples.The Federal Work-Study Program also has limited funds, so you’ll want to file the FAFSA early to take advantage of it.More time to appeal a financial aid decisionStudents and parents who are dissatisfied with their aid amounts or have a change in economic circumstances can appeal the financial aid award from their school. To do this, you need to petition your school with a financial aid appeal letter and provide evidence to support your need for more aid. If you wait too long, the aid money could run out.Those who file the FAFSA early are more likely to receive their school-based financial aid awards with their college acceptance letters. While your federal aid will be the same no matter where you attend college, you can send your FAFSA information to several schools to see which will give you the best school-based aid package. Doing so early will allow you to compare offers and appeal if necessary.If you apply for the FAFSA late, you not only risk a smaller award to begin with, but you also have less opportunity to “shop around” and submit a successful appeal letter.A quarter of parents surveyed by Discover Student Loans say they’ll appeal their financial aid decision because of previous award amounts and pandemic-induced changes in family finances. In speaking about the survey, Chagas emphasizes that there tends to be more money available early in the process, so students should make the FAFSA a priority.Murphy agrees. “Filing early makes sure you’re in the running to receive as many awards as possible,” he says. “We see students that get [aid] one year, but not the next.”They don’t lose out on aid because they no longer qualify, Murphy explains. They just waited too long.More From NerdWalletNerdWallet’s FAFSA GuideYour FAFSA Questions AnsweredWhat Are the FAFSA Requirements?Cecilia Clark is a writer at NerdWallet. Email: cclark@nerdwallet.com. 3387
As Congress heads back to Washington D.C., the idea of a second stimulus check being sent out before 2020 comes to an end seems to drift further and further away for Americans going through financial hardships due to the coronavirus pandemic.According to CNN, lawmakers want to send out another round of payments. Still, they can't seem to agree upon a broader economic aid package as they did back in March when Americans received ,200 checks.CBS News reported that Congress could still pass a scaled-down stimulus bill by Dec. 11, which could still include some relief programs.On Monday, Senate Majority Leader Mitch McConnell said on the Senate floor that there aren't many reasons as to why Americans shouldn't receive another relief package, CBS News reported.According to CBS News, one issue lawmakers cannot agree to send hundreds of billions in funding to states and cities that were hit by declining tax revenues amid the pandemic. 951