Widespread unemployment abuse centered around New York and other blue states
NEW YORK, NY — An initial federal review has revealed widespread abuse of Unemployment Insurance programs across multiple states, with fraudulent claims totaling hundreds of millions of dollars, including payments to claimants…
Joe Biden Brags About 14% Unemployment Rate in U.S.
WASHINGTON, D.C. – In another bizarre moment at the microphone, U.S. President Joe Biden bragged to the American people that under his administration, unemployment is below 14%. While 14% unemployment is the…
Euro gains, euro zone bond yields drop as U.S. unemployment rate rises
LONDON (Reuters) – The euro rose against the dollar on Friday and euro zone bonds yields fell after data showed a big increase in the U.S. unemployment rate in August, supporting the…
US job growth picks up in August, unemployment rate climbs
NEW YORK (Reuters) – The U.S. economy added more jobs than expected in August, but a rise in the unemployment rate and moderation in wage growth pointed to an easing in labor…
German unemployment rises more than expected in August
By Maria Martinez BERLIN (Reuters) – German unemployment rose more than expected in August, showing the first cracks in what had been until now a very resilient labour market. The Federal Labour…
California Lawmakers Push Bill To Give Striking Workers Unemployment Benefits
California Lawmakers Push Bill To Give Striking Workers Unemployment Benefits Will Kessler on August 21, 2023 California lawmakers are planning to introduce a bill that would allow striking workers to collect unemployment,…
Double-digit growth in real wages, retail sales as Russia’s unemployment hits record low
(Reuters) – Record low unemployment in June highlighted Russia’s stark labour shortage, statistics data showed on Wednesday, even as the rebound from last year’s economic slump continued with double-digit jumps in wage…
Spain’s unemployment rate falls to 15-year low of 11.60% in Q2
MADRID (Reuters) – Spain’s unemployment rate fell to 11.60%, a 15-year low, down from 13.26% three months earlier, data from the National Statistics Institute (INE) showed on Thursday. The unemployment rate had…
Australia expects unemployment rate to rise as global economy slows
SYDNEY (Reuters) – Australian Treasurer Jim Chalmers said on Sunday that he expected the nation’s jobless rate to lift from near a 48-year low on the back of higher interest rates and…
Australian banks say low unemployment is buffering home loans
By Byron Kaye SYDNEY (Reuters) – The CEOs of Australia’s two biggest banks said on Thursday a tight labour market was keeping late home loan repayments below historic levels even after a…
Russian labour shortage laid bare as unemployment drops to record low
By Alexander Marrow and Darya Korsunskaya (Reuters) – Russia’s unemployment rate dropped to a record low 3.3% in April, data showed on Wednesday, highlighting the labour shortage that is stifling economic growth,…
Fed’s Daly: Expects unemployment rise as price of controlling inflation
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly on Monday said it would be quite surprising for the central bank to get inflation…
South Africa’s unemployment rate rises amid power crisis
By Kopano Gumbi PRETORIA (Reuters) – South Africa’s unemployment rate rose in the first quarter after declining for four consecutive quarters last year, data showed on Tuesday, as the country reeled from…
House Passes Pandemic Fraud Bill To Recover Billions In Illicit COVID-19 Unemployment Payments
House Passes Pandemic Fraud Bill To Recover Billions In Illicit COVID-19 Unemployment Payments Arjun Singh on May 11, 2023 The Republican-led House of Representatives passed a bill to address COVID-19 unemployment fraud…
Australia to predict lower unemployment, higher wages in looming budget
SYDNEY (Reuters) – Australia’s government is set to cut its forecasts for inflation while also predicting lower unemployment for longer in 2023/24 budget next week, a mix that it hopes will generate…
Euro zone unemployment falls to 6.5% in March
BRUSSELS (Reuters) – Euro zone unemployment rate fell to 6.5% in March, the European Union’s statistics office Eurostat said, a decline that points to a further tightening of the labour market an…
Hong Kong’s January-March unemployment eases to 3.1%
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 3.1% in the January to March period, improving for the eleventh consecutive quarter as economic activity continued to pick up,…
Inside the US jobs report: Record-low Black unemployment
By Dan Burns and Howard Schneider (Reuters) – The Black unemployment rate hit a record low in March, a milestone for a U.S. labor market that most policymakers and economists expect to…
Atlantic City Councilman Charged with Voter Fraud and Unemployment Benefits Scam
ATLANTIC CITY, NJ – MD Hossain Morshed, a 49-year-old councilman elected to Atlantic City’s Fourth Ward, faces charges of falsifying voter registrations, making false statements to the FBI, and submitting false unemployment…
New York unemployment claims spiked 117% this week
NEW YORK, NY – Layoffs in multiple sectors of the New York economy are taking their toll on the state’s unemployment figures. This week, the number of unemployment claims in the state…
Greek unemployment drops to 10.8% in January, lowest since 2009
ATHENS (Reuters) – Greece’s jobless rate eased to 10.8% in January, down from an upwardly revised 12.4% in December, data from statistics service ELSTAT showed on Thursday. Seasonally adjusted data showed 501,948…
Violence, unemployment drive Ecuadorians to Mexico
By Lizbeth Diaz MEXICO CITY (Reuters) – The number of Ecuadorians braving the trek north to Mexico in hopes of reaching the United States jumped exponentially last year amid a wave of…
Greek unemployment unchanged at 11.6% in December
ATHENS (Reuters) – Greece’s jobless rate stood at 11.6% in December, unchanged from an upwardly revised 11.6% in November, data from statistics service ELSTAT showed on Wednesday. Seasonally adjusted data showed 545,372…
Fraudsters Likely Stole At Least $60 Billion In Pandemic Unemployment Benefits, Gov’t Report Says
Fraudsters Likely Stole At Least $60 Billion In Pandemic Unemployment Benefits, Gov’t Report Says John Hugh DeMastri on January 26, 2023 Over $60 billion of pandemic-related unemployment benefits were likely paid out…
South Korea Dec 2022 unemployment rate rises to 11-month high
SEOUL (Reuters) – South Korea’s unemployment rate rose to an 11-month high in December 2022, while the annual increase in employed people marked the smallest in 21 months, official data showed on…
Euro zone unemployment rate unchanged in Nov as expected
BRUSSELS (Reuters) – The euro zone’s unemployment rate was unchanged at a record low in November as expected, with the absolute number of people without jobs falling slightly further, the European Union’s…
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