A federal watchdog says billions of taxpayer dollars have been wasted through unemployment programs in the past year, and that number is likely to rise. The Government Accountability Office released a report examining unemployment benefits during the COVID pandemic that found states and territories had overpaid by $12.9 billion between March 2020 and April 2021….
‘A Good Sign’: Fewer People File for Unemployment in States Cutting Federal Bonus, Data Shows
States that withdrew from the federal pandemic unemployment bonus in June saw improving jobs numbers and fewer individuals filing for benefits compared to other states, Department of Labor data analyzed by the Daily Caller News Foundation showed. “I continued to see increases in the number of unemployed and, in some weeks, increases in the new…
Unemployment Rate Dips Slightly in LA County in June
July 17, 2021
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LOS ANGELES, Calif.—Los Angeles County’s seasonally adjusted unemployment rate dipped to 10.6 percent in June, down from a revised 10.7 percent in May, according to figures released today by the state Employment Development Department. The 10.6 percent rate was below the 17.9 percent rate in June 2020, when COVID-19 shut-down orders were in effect. In…
US Unemployment Claims Fall to 360,000, a New Pandemic Low
WASHINGTON—The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck last year, further evidence that the U.S. economy and job market are quickly rebounding from the pandemic recession. Thursday’s report from the Labor Department showed that jobless claims fell by 26,000 last week to 360,000. The weekly tally,…
Judge Temporarily Blocks Maryland From Ending Federal $300 Unemployment Checks, Programs
A Baltimore Circuit Court judge on Saturday blocked the state from ending its participation in several pandemic-related unemployment programs, including the $300-per-week unemployment checks that Republicans say are keeping people out of work. Maryland would have ended its participation in the programs on Saturday if not for the judge’s ruling. Gov. Larry Hogan is one…
US Weekly Jobless Claims Fall; Layoffs Hit 21-Year Low in June
WASHINGTON—The number of Americans filing new claims for unemployment benefits fell more than expected last week, while layoffs plunged to a 21-year low in June as companies held on to their workers amid labor shortages. Initial claims for state unemployment benefits dropped 51,000 to a seasonally adjusted 364,000 for the week ended June 26, the…
Inflation’s the Nail in the Coffin of Biden’s Spending Plans
June 30, 2021
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Commentary Inflation is accelerating—every consumer in the country feels it every day. If there is any economic sense left in Washington, the rising inflation threat should grind President Biden’s big-government spending plans to a halt. Federal Reserve officials have called inflation “transitory,” but what if they are wrong? The public is clearly worried. According to a new Harvard CAPS/Harris poll released…
Labor Shortages and Inflation Plague California Businesses
June 26, 2021
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There’s an irony to the new dining area at Chef Andrew Gruel’s Huntington Beach, Calif. restaurant. Although he’s now permitted to fill it to capacity under California’s lifted guidelines, he can’t find the staff to work it. Statewide labor shortages and inflation are among the challenges restaurateurs are now facing as they crawl back to…
Californians Getting Unemployment Have to Start Looking for Work Next Month to Remain Eligible
Residents of California who receive unemployment benefits will have to, starting next month, show they are actively looking for work—which was waived by the state last year due to the COVID-19 pandemic. Starting in mid-July, the state’s Employment Development Department will reinstate the federal requirement requiring people who are out of work to be actively searching for a…
NTD Business Full Broadcast (June 17)
The Department of Justice is suing two of the big three insurance brokerage giants, Aon and Willis Towers Watson, to stop a merger deal. The companies are fighting back. A report suggests Apple is going to link data from its personal devices with a new health platform that would give you access to real doctors,…
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