Unemployment fraud hit $100-135B during Covid, watchdog says: Tuesday’s report cautioned that the “full extent of UI fraud during the pandemic will likely never ...
politico.com/news/2023/09/12/unemployment-fraud-during-covid-00115398
Quick Glance: Billions lost to unemployment fraud during Covid
- Up to $135 billion in unemployment insurance benefits may have been lost to fraud during Covid-19, according to a Government Accountability Office report released Tuesday, which is more than double the previous estimate.
- In December, GAO estimated that around $60 billion may have been lost to UI fraud, but officials later realized that this figure was significantly underestimated.
- The report acknowledges that the full extent of UI fraud during the pandemic will likely never be known for certain.
- The fraud was caused by vulnerabilities in the state-federal partnership that existed long before the pandemic and were worsened by emergency relief measures passed by Congress to assist unemployed individuals.
Workers miss benefits as WA's jobless program struggles
: Washington has one of the nation’s most generous unemployment programs. But COVID-era problems ...
seattletimes.com/business/wa-unemployment-program-still-struggling-4-years-after-covid/
Covid Anniversary: New York City Is Back! (To Pre-Pandemic Employment Levels): It took nearly four years, and the gains are mostly in health care and social ...
bloomberg.com/opinion/articles/2024-03-15/covid-anniversary-new-york-city-is-back-to-pre-pandemic-employment-levels
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Allegra Stratton: Don’t Forget Furlough: Today is four years to the day from when the coronavirus furlough scheme was announced. Has there ever been a longer ...
bloomberg.com/news/newsletters/2024-03-20/allegra-stratton-don-t-forget-furlough
Video: What China’s Slowdown Means for the World and You: In this Bloomberg Originals mini-documentary, we explore the consequences of the Asian nation’s ...
bloomberg.com/news/articles/2024-02-29/video-what-china-s-slowdown-means-for-the-world-and-you
Australia's unemployment rate remains steady in 'tight' job market: Unemployment has remained flat despite employment dropping by 65,000 people.
9news.com.au/finance/australia-unemployment-rate-flat-in-december/4e715763-8a99-4094-ab44-7af4086e8c2b
China’s population is in freefall – and it will have global repercussions: Without a robust Chinese economy, the world is denied a strong motor for growth ...
inews.co.uk/news/world/china-population-decrease-repercussions-2844571
Social spending remains higher than before Covid: Expenditure on social benefits in Switzerland fell by 2% in 2022 compared with the previous year ...
swissinfo.ch/eng/politics/social-spending-remains-higher-than-before-covid/49187474
End of Taylor Swift-Barbenheimer Services Boom Will Please Fed: The surprising buoyancy in recreation services earlier this year wasn’t post-pandemic nihilistic ...
bloomberg.com/opinion/articles/2023-11-30/end-of-taylor-swift-barbenheimer-services-boom-will-please-fed
Ten-Year Record on Employment: Does the Reality Match the Promises or Claims?: GOI efforts to spin a jobs growth narrative has meant the following: it is not ...
thewire.in/economy/what-we-know-about-indias-post-covid-economy-recovery-and-rising-inequality
Corporate Defaults: Companies Are Going Broke Gradually, Not Suddenly: Like a US recession or China’s post-Covid rebound, a wave of corporate defaults was ...
bloomberg.com/opinion/articles/2023-12-06/corporate-defaults-companies-are-going-broke-gradually-not-suddenly
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Have we really lost hundreds of thousands of workers since Covid?: The jobs market appears to be slowing down, but can we trust the Office for National ...
spectator.co.uk/article/have-we-really-lost-hundreds-of-thousands-of-workers-since-the-pandemic/
China's economy finally gets good news as Q3 growth beats expectations: China's GDP expanded by a better-than-expected 4.9% last quarter, according to official ...
businessinsider.com/china-economy-growth-third-quarter-deflation-youth-unemployment-property-crisis-2023-10
Quick Glance: China's GDP Surpasses Forecast with Stimulus Measures
- Growth slows to 4.9% as property market recovers
- China's economic growth slows to 4.9% in Q3, according to National Bureau of Statistics
- Result beats average market forecast of 4.4% based on Nikkei poll
- World's second-largest economy appears to be finding a somewhat firmer footing after policy interventions
Employment surpasses pre-Covid level in third quarter: The number of people with jobs in SA surpassed the pre-Covid-19 level in the third quarter of this year to ...
timeslive.co.za/sunday-times/business/business/2023-11-15-employment-surpasses-pre-covid-level-in-third-quarter/
Today in Sweden: A roundup of the latest news on Thursday: Sweden to clear hurdles for young children to get Covid vaccine, unemployment to rise next year ...
thelocal.se/20231109/today-in-sweden-a-roundup-of-the-latest-news-on-thursday-121
Will NC be ready for a flood of unemployment claims in a future crisis like COVID?
charlotteobserver.com/news/politics-government/article281354883.html
Multimillionaire Tim Gurner regrets ‘deeply insensitive’ comments calling for ‘pain in the economy’
theguardian.com/australia-news/2023/sep/14/tim-gurner-group-insensitive-unemployment-increase-comments-apology-economy
Quick Glance: Tim Gurner calls for layoffs to improve worker attitudes
- Gym owner and real estate mogul Tim Gurner advocates for economic pain.
- Gurner highlights the negative impact of the Covid-19 pandemic on employee attitudes.
- He proposes increasing the unemployment rate by 40-50% to reduce arrogance in the job market.
- Criticism of Gurner's statements comes from various political factions and social media.
WA unemployment system still suffering from COVID-19 relief problems: Even as many Washington employers have moved past the pandemic, the unemployment system is ...
columbian.com/news/2023/oct/09/wa-unemployment-system-still-suffering-from-covid-19-relief-problems/
Opinion | Labor Lessons From the Pandemic: New research confirms that if you pay people not to work, they won’t.
wsj.com/articles/pandemic-unemployment-benefits-covid-research-michael-strain-harry-holzer-glenn-hubbard-2401380a
Amid the speedy economic growth of India, the #unemployment rate among graduates under 25 years of age touched a huge 42% post-Covid, compared to higher secondary (21 ... Show more www.livemint.com/economy/over-40-indian-graduates-under-25-years-remain-unemployed-report-11695202455628.html
China’s solution to record youth unemployment is to stop reporting it: The youth unemployment rate has risen every month this year, a sign of China's increasing ...
washingtonpost.com/world/2023/08/15/china-economy-youth-unemployment-rate/
Jury sides with fired CNH worker after receiving unemployment for COVID sick time
desmoinesregister.com/story/money/business/2023/09/27/jury-awards-burlington-iowa-man-100k-judgment-after-being-fired-covid-19-unemployment-cnh/70934510007/
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Virginia employers get creative as jobs market tightens up: "In this post-COVID era, it has been challenging trying to attract great talent."
dailyprogress.com/news/state-regional/business/virginia-employers-get-creative-as-jobs-market-tightens-up/article_6e45c73a-53bd-5b96-a779-d1b7fb92a865.html
China to Drop Covid-19 Testing Requirement for Incoming Travellers: China will no longer require a negative Covid-19 test result from incoming travellers ...
bloomberg.com/en/news/thp/2023-08-28/china-to-drop-covid-19-testing-requirement-for-incoming-travellers
Opinion: Amid economic complaints, Americans hit the road: In the aftermath of the Coronavirus outbreak, polls have consistently shown that Americans are unhappy ...
ajc.com/politics/opinion-amid-economic-complaints-americans-hit-the-road/EEUA5GSQIVAJTIJQQW4ZHKN3KQ/
Inside the PPP Scams and CARES Act Fraud That Cost the U.S. Billions: Billions in U.S. COVID relief was lost to fraud and we still don't know how much ...
rollingstone.com/politics/politics-features/covid-relief-scam-fraud-money-billions-1234784448/
Rapper sentenced for COVID fraud after music video flaunted stacks of unemployment assistance envelopes
foxbusiness.com/entertainment/rapper-sentenced-covid-fraud-music-video-flaunted-stacks-unemployment-assistance-envelopes
Jerome Powell Has a Chance to Be a Legend: If you like chatting with us, check out the Odd Lots Discord, where you can hang out and talk with us and with other ...
bloomberg.com/news/newsletters/2023-07-28/jerome-powell-has-a-chance-to-be-a-legend
Carson Jerema: Why Danielle Smith is poised to win, despite scandal chaos: When the NDP was last in power, investment was down, unemployment was up and taxes ...
nationalpost.com/opinion/why-danielle-smith-is-poised-to-win-despite-scandal-chaos
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GhoseSpot | Opposition unites in I.N.D.I.A: Why BJP cant rely solely on Modi wave but must fix organisational woes
firstpost.com/opinion/ghosespot-i-opposition-unites-in-i-n-d-i-a-why-bjp-cant-rely-solely-on-modi-wave-but-must-fix-organisational-woes-12883532.html
US employers added 528,000 jobs; unemployment falls to 3.5%: WASHINGTON (AP) — America’s hiring boom continued last month as employers added a surprising 528 ...
apnews.com/article/inflation-united-states-economy-unemployment-4895f1aa41fbe904400df8261446b737
China’s high youth unemployment stokes student Covid protests : Lockdowns triggered demonstrations but economic anxiety threatens to drive further unrest
ft.com/content/7d286faf-dccd-453a-a413-470babc7f1cc
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Latest Spatial Tax Panel data tell much about formal employment in the provinces and metros of SA
dailymaverick.co.za/opinionista/2023-07-11-latest-spatial-tax-panel-data-tell-much-about-formal-employment-in-the-provinces-and-metros-of-sa/
Santos backed a bill to fight unemployment fraud. Now he’s charged with it.: The unemployment fraud bill has drawn attention as GOP leaders look to deliver on ...
washingtonpost.com/business/2023/05/10/unemployement-fraud-santos/
Quick Glance: NY Representative George Santos Faces Multiple Criminal Charges: CNN Report
- Federal prosecutors have filed criminal charges against New York representative George Santos, less than five months after it was revealed that he fabricated much of his life story.
- The charges have been filed under seal, and Santos could appear in federal court in Brooklyn as soon as Wednesday.
- The nature of the charges is still unclear, but prosecutors have been investigating Santos and his unusual campaign financial disclosures since December.
- Santos has admitted to several of his fabrications and lies, despite announcing in March that he would run again for his seat representing parts of Long Island and Queens in 2024.
EXPLAINER: How do we know when a recession has begun?: WASHINGTON (AP) — By one common definition, the U.S. economy is on the cusp of a recession .
apnews.com/article/inflation-covid-health-gross-domestic-product-economy-89cbfc145ad34a91679ffa43e617c896
‘I feel like I’ve been abandoned by the world’: Chinese youth hit by record unemployment
france24.com/en/asia-pacific/20221021-i-feel-like-i-ve-been-abandoned-by-the-world-chinese-youth-hit-by-record-unemployment
Quick Glance: China's Xi secures a third term and fills the leadership with loyalists
- Shanghai party chief Li Qiang is widely regarded as the possible next premier.
- Shanghai Communist Party boss Li Qiang accompanied Xi onto the platform at the Great Hall of the People to present the new Politburo Standing Committee, placing him in line to succeed Li Keqiang when he retires in March.
- The formation of the Standing Committee and the 24-member Politburo comes a day after the Communist Party's 20th Congress concluded, with modifications to the party charter reinforcing Xi's fundamental status and the guiding role of his political ideology within the party.
- Beijing welcomes new members of the Politburo Standing Committee.
Consumers Feel Worse Now Than They Did During Covid Lockdowns: Sentiment has fallen to levels typically associated with worse financial and economic conditions ...
wsj.com/articles/consumers-feel-worse-now-than-they-did-during-covid-lockdowns-11662292800
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China’s Young Elite Clamber for Government Jobs. Some Come to Regret It.: With youth unemployment high, millions will take this month’s Civil Service exam ...
nytimes.com/2023/01/02/business/china-youth-unemployment.html
Global employment gap grows as poor countries struggle to recover like rich ones: A report from the UN's International Labour Organisation predicts that global ...
rfi.fr/en/international/20230604-global-employment-gap-grows-as-poor-countries-struggle-to-recover-crises-rich
Government seeking return of €34m in PUP over-payments: The Government is seeking the return of almost €34m which was wrongly claimed in Pandemic Unemployment ...
rte.ie/news/ireland/2022/0821/1316954-govt-pup-overpayments/
Labor Market Is Not Buying Into Talk of a Recession: The latest US payrolls report showed that momentum is picking back up and that job gains are widespread ...
bloomberg.com/opinion/articles/2023-06-02/jobs-report-labor-market-is-not-buying-into-talk-of-a-recession
The unemployment rate for Black Americans fell below 5% for the first time ever in April. trib.al/AIQjXU3
China economic data for April falls short as low demand, youth unemployment see patchy post-pandemic recovery
hongkongfp.com/2023/05/16/china-economic-data-for-april-falls-short-as-low-demand-youth-unemployment-see-patchy-post-pandemic-recovery/
Labor Department Gives $653 Million To States For Unemployment Fixes, Following Widespread Fraudulent Covid Claims
forbes.com/sites/brianbushard/2023/05/26/labor-department-gives-653-million-to-states-for-unemployment-fixes-following-widespread-fraudulent-covid-claims/
India’s employment problem and bad statistics: The country is under pressure to alter its definition of unemployment to an international benchmark ...
indianexpress.com/article/opinion/columns/indias-employment-problem-and-bad-statistics-8629312/
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Jobless rate ends 2-month rising streak in April - Focus Taiwan: Taipei, May 22 (CNA) Taiwan's jobless rate fell in April, breaking a two-month rising streak ...
focustaiwan.tw/business/202305220018
‘Getting staff is a nightmare’: Where Sydney’s worker drought is biting hardest: Sydney’s low unemployment rate is something to celebrate, but business is ...
smh.com.au/business/the-economy/getting-staff-is-a-nightmare-where-sydney-s-worker-drought-is-biting-hardest-20220825-p5bcmn.html
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AMS boss Kopf: Tourism pays too badly: According to Johannes Kopf, employees could choose where they work - that was not the case for a long time.
kurier.at/wirtschaft/ams-chef-kopf-der-tourismus-zahlt-zu-schlecht/402060844
The struggles of China's youth in a post pandemic economy: The three years of the ultra-strict zero Covid policy are over, but China's youth are now faced with ...
lemonde.fr/en/economy/article/2023/03/29/the-struggles-of-china-s-youth-in-a-post-pandemic-economy_6021029_19.html
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Demand for Temp Workers Is Cooling: A leading indicator of the US job market is flashing slowdown ahead.
bloomberg.com/news/articles/2023-04-06/temp-worker-demand-ebbs-in-latest-sign-of-cooler-us-jobs-market
Despite downbeat talk, Georgia jobs surge : Georgia’s surging economy churned out 18,100 jobs last month as the unemployment rate fell to another all-time low ...
ajc.com/news/georgia-news/despite-downbeat-talk-georgia-jobs-surge/677A3WNLLNCVFJQ2JUZWI5DMJI/
Brothel operator gets eight months in prison for pocketing sex workers' Corona allowance
brusselstimes.com/belgium/445271/brothel-operator-gets-eight-months-in-prison-for-pocketing-sex-workers-corona-allowance
Businesses still want a break on the COVID unemployment surcharge : Local employers have a legitimate gripe about being required to bear all of costs the state ...
bostonglobe.com/2023/03/31/business/businesses-still-want-break-on-covid-unemployment-surcharge/
Unemployment falls below pre-corona level: Despite the war in Ukraine, the labor market continues to recover. Unemployment tumbles below pre-pandemic levels - ...
faz.net/aktuell/wirtschaft/arbeitslosigkeit-sinkt-unter-vor-corona-niveau-17999393.html
The Global Economy Just Turned Right Side Up; What Investors Should Do Now: The global economy is firming as China and Europe revive, while the Fed has turned ...
investors.com/news/global-economy-turned-right-side-up-what-that-means-for-fed-policy-and-sp-500/
IRS-Criminal Investigations Report Reveals Covid Fraud Costs Taxpayers Billions: IRS Criminal Investigation reports that it has investigated 975 tax and money ...
forbes.com/sites/kellyphillipserb/2023/03/23/irs-criminal-investigations-report-reveals-covid-fraud-costs-taxpayers-billions/
As a result of the IRS-CI investigations, 458 individuals have been indicted for their alleged Covid fraud-related crimes ... Show more https://trib.al/pos8qWV
German unemployment rises in September as Ukrainian refugees enter system: German unemployment rose in September, Labour Office figures showed on Friday ...
reuters.com/markets/europe/german-unemployment-rises-september-ukrainian-refugees-enter-system-2022-09-30/
New data shows how close Ohio is to recovering jobs lost during the pandemic: Ohio is nearing a comeback from the nearly 900,000 jobs lost during the early days ...
dispatch.com/story/business/economy/2023/03/17/ohio-lost-nearly-900000-jobs-during-the-pandemic-almost-all-are-back/70011749007/
Is our employment picture getting better or worse? See recent changes in local jobs, unemployment, earnings and more in these regularly updated charts and ... Show more
14 charts that show jobs, unemployment and workforce data for Omaha and Nebraska: Is our employment picture getting better or worse? See recent changes in local ...
omaha.com/news/local/14-charts-that-show-jobs-unemployment-and-workforce-data-for-omaha-and-nebraska/article_0c4c4cc3-d03f-58ec-997a-1efc626db0c0.html
China employment slow to return despite end of zero-COVID: BEIJING -- Unemployment in China is on the rise despite the government having ended its strict ...
asia.nikkei.com/Economy/China-employment-slow-to-return-despite-end-of-zero-COVID
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Man who kept R4.7m Ters money meant for employer found guilty: A man whose bank account received R4.7m of the Unemployment Insurance Fund’s Covid-19 Ters funds ...
timeslive.co.za/news/south-africa/2022-06-09-man-who-kept-r47m-ters-money-meant-for-employer-found-guilty/
Ramaphosa blames July 2021 unrest, Covid and floods for unemployment and slow economic growth
timeslive.co.za/politics/2022-09-05-ramaphosa-blames-july-2021-unrest-covid-and-floods-for-unemployment-and-slow-economic-growth/
Students fear for job prospects: Despite the country's post-Covid economic recovery, which has seen the employment rate returning to the "old ...
bangkokpost.com/thailand/special-reports/2520665/students-fear-for-job-prospects
Days After ‘Recession’ Threshold Crossed, Biden Takes 500K Jobs Victory Lap: “There are more people working than at any point in American history ...
huffpost.com/entry/biden-jobs-victory-lap_n_62ed61a7e4b09d09a2c3c89a
Thailand's unemployment rate falls in Q4; official data now only at 1.15%: Thailand's unemployment rate in the final quarter of 2022 dropped to its lowest ...
thestar.com.my/aseanplus/aseanplus-news/2023/03/04/thailand039s-unemployment-rate-falls-in-q4-official-data-now-only-at-115
China’s Economic Growth Slows Sharply as Covid Policy Takes Toll: The humming economy of last year has been replaced by high unemployment, a housing market in ...
nytimes.com/2022/07/14/business/china-economy-slows.html
EXPLAINER: 5 key takeaways from the June jobs report: WASHINGTON (AP) — Inflation is raging. The stock market is tumbling and interest rates rising ...
apnews.com/article/inflation-covid-health-economy-432cee92a85f6115da0b92450ee97715
Coronavirus: China’s economic slowdown looks like a ‘lifetime of debt’ for some citizens
scmp.com/economy/china-economy/article/3182965/coronavirus-chinas-economic-slowdown-looks-lifetime-debt-some
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Hartz 4: So little money remains for shopping - Drastic prognosis: Food prices are exploding. However, the rule sets for Hartz 4 will not be adjusted ...
waz.de/politik/hartz-4-regelsatz-preise-lebensmittel-aldi-id235014667.html
Not sufficient emphasis on jobs in FY24 budget: Former RBI governor D Subbarao | Mint
livemint.com/news/india/not-sufficient-emphasis-on-jobs-in-fy24-budget-former-rbi-governor-d-subbarao-11677150706971.html
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Posthaste: Why Canada's job market is not as 'healthy' as it seems: The Bank of Canada should be careful about placing too much emphasis on the unemployment rate ...
financialpost.com/executive/executive-summary/job-market-bank-of-canada-interest-rates
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Unemployment declines for 5th straight month to reach 22-year low - Focus Taiwan: Taipei, Feb. 22 (CNA) Unemployment in Taiwan declined for the fifth consecutive ...
focustaiwan.tw/business/202302220019
The job market stays red-hot with the unemployment rate near a pre-pandemic low: U.S. employers added 390,000 jobs in May as the labor market stays hot ...
npr.org/2022/06/03/1102676411/job-labor-market-unemployment-rate-inflation
UK Wages Rising at Near Record Pace Add to Pressure on Rates: UK wages are rising at a near unprecedented pace, heaping pressure on the Bank of England to ...
bloomberg.com/news/articles/2023-01-17/uk-wages-rising-at-near-record-rate-increase-pressure-on-rates
Quick Glance: Because of Covid, China has one of its worst economic performances in decades.
- China's economy expanded by only 3% in 2022, falling far short of the government's own target and representing one of the worst performances in nearly half a century.
- Analysts attribute the growth to the government's infrastructure investment push and monetary easing efforts.
- "The good news is that there are now signs of stabilization, as policy support doled out towards the end of 2022 is showing up in the relative resilience of infrastructure investment and credit growth," said Louise Loo, senior economist at Capital Economics, in a research note.
- "China cannot rely on the demographic dividend as a structural driver for economic growth."
Shanghai enters post-lockdown life, but China's COVID-zero policy will haunt the younger generation
abc.net.au/news/2022-06-03/shanghai-lockdown-pushes-young-chinese-to-rethink-the-future/101114040
Jill On Money: Your layoff protection plan: Jill On Money: Your layoff protection plan.
mercurynews.com/2023/02/13/jill-on-money-your-layoff-protection-plan
Economic Survey 2023: Labour markets back at pre-Covid levels: The all-India unemployment rate according to CMIE was 8.3% in December, although it has climbed ...
financialexpress.com/budget/economic-survey-2023-labour-markets-back-at-pre-covid-levels-2966648/
Economically inactive Britons with long Covid have ‘doubled’ in a year: One in 20 people unemployed and not seeking work have symptoms, says ONS
theguardian.com/business/2022/aug/04/number-of-economically-inactive-britons-with-long-covid-has-doubled-says-ons
Louisiana man used info of inmates, dead people to collect $95K in COVID benefits, feds say
theadvocate.com/baton_rouge/news/crime_police/louisiana-man-accused-of-covid-fraud/article_52f36fde-a978-11ed-b0ec-63116fe41ece.html
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