The Labor Department said initial claims for state unemployment was about 779,00 Americans filing for first-time jobless claims.
All But 3 States See Higher Over-the-Year Unemployment
Only three states in the union—all Republican-led—saw unemployment rates drop or remain unchanged between December 2019 and December 2020—South Dakota, Alaska, and Nebraska, according to a recent government report. The Bureau of Labor Statistics (BLS), part of the U.S. Department of Labor, said in a report last week that over-the-year unemployment remained unchanged in Nebraska,…
California Officials Say the State’s Unemployment Benefits Fraud Could Top $11 Billion
California may have sent out as much as $11 billion in pandemic unemployment benefits to fraudsters, officials said Monday. According to a press release (pdf), California’s Employment Development Department (EDD) has processed 19.5 million claims and paid out $114 billion in unemployment benefits since March 2020, when the CCP (Chinese Communist Party) virus pandemic hit…
Renewed Lockdown Measures Slow Economic Momentum
WASHINGTON—The economy’s momentum has reversed in recent weeks with spikes in coronavirus cases that forced a series of renewed stay-at-home orders and business closures. While some states like California, New York, and Michigan have begun to ease restrictions, economists are still pessimistic over the near-term outlook. It will be months before vaccines are widespread enough to…
Another 900,000 Americans Filed for Unemployment as Labor Market Recovery Freeze Continues
Another 900,000 American workers filed for state unemployment benefits last week, a slight drop from the week before and a sign that the labor market’s stalled recovery remains frozen in what one expert called a “winter of discontent.” The Labor Department said in a Jan. 21 report (pdf) that the number of people who filed…
Another 900,000 Americans File for Unemployment as Labor Market Recovery Freeze Continues
Another 900,000 U.S. workers filed for state unemployment benefits last week, a slight drop from the week before and a sign that the labor market’s stalled recovery remains frozen in what one expert called a “winter of discontent.” The Labor Department stated in a Jan. 21 report (pdf) that the number of people who filed…
California Unemployment Fraud Estimated to Reach $10 Billion
A security firm investigating California’s fraudulent pandemic unemployment claims warned that the scope of the fraud could be more than twice as much as previously estimated. At least 10 percent of unemployment claims may have been fraudulent before the state Employment Development Department (EDD) installed controls last October, according to Blake Hall, founder and chief…
California Unemployment Benefits Fraud Might Top $9 Billion
A security firm investigating California’s fraudulent pandemic unemployment claims warned that the scope of the fraud could be more than twice as much as previously estimated. At least 10 percent of unemployment claims before the state Employment Development Department (EDD) installed controls last October may have been fraudulent, according to Blake Hall, founder and chief…
Weekly Jobless Claims Surge to 965,000, Above Expectations
The number of American workers seeking state unemployment benefits last week blew by expectations to 965,000, a figure not seen since August and a historically high amount that points to a labor market plagued by the pandemic. The Labor Department said in a Jan. 14 report (pdf) that the number of people who filed initial state benefit…
Weekly Jobless Claims Surge to 965,000, More Than Expected
The number of American workers seeking state unemployment benefits last week blew by expectations to 965,000, a figure not seen since August and a historically high amount that points to a labor market plagued by the pandemic. The Labor Department said in a Jan. 14 report (pdf) that the number of people who filed initial state benefit…
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