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Keyword: unemployment

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  • Audit: Colorado paid $73 million in bogus unemployment aid

    12/06/2021 3:15:13 PM PST · by Oldeconomybuyer · 16 replies
    The Associated Press ^ | December 6, 2021
    DENVER (AP) — A state audit has found that Colorado likely or potentially paid $73.1 million in fraudulent unemployment claims during the coronavirus pandemic’s first year, including $3.9 million on behalf of dead people and $5 million on behalf of people who were unqualified because they were incarcerated. The Office of the State Auditor report released Monday cited a nationwide surge in criminal identity theft used to seek federal and state pandemic unemployment aid as an underlying factor in payments in the names of dead and incarcerated people. It also cited pressure to expedite federal Pandemic Unemployment Assistance, a federal...
  • December’s Jobs Numbers Might Be an Early Christmas Present for the Economy

    12/03/2021 8:08:56 AM PST · by frogjerk · 10 replies
    US News and World Report ^ | DEC 2 2021 | Tim Smart
    The Labor Department on Friday will report on the number of jobs created in November in what will be the last reading of this important economic measure in 2021. By all accounts, it should be a good number with estimates above October’s 531,000 jobs. On Thursday, the department reported that unemployment claims filings were 222,000 last week, while the four-week moving average of 238,750 was at the lowest level since March 2020. A day earlier, private payroll firm ADP’s monthly survey showed 534,000 jobs had been created in November.
  • REAL Average Hourly Earnings Growth Falls To -1.378% YoY In November Jobs Report (Jobs Added Missed BIG At Only 210K, New Taylor Rule Estimate Is 15.50%)

    12/03/2021 6:43:12 AM PST · by Browns Ultra Fan · 16 replies
    Confounded Interest ^ | 12/03/2021 | Anthony B. Sanders
    Treasury Secretary Janet Yellen said yesterday that “It’s Fed’s Job to Avoid Any Wage-Price Spiral.” Well, The Fed is helping to avoid a wage increase in real terms, since the November jobs report revealed that REAL US Average Hourly Earnings growth YoY fell to -1.378%. In other words, inflation is greater than hourly earnings. And in other jobs related news, nonfarm payrolls rose by only 210k versus expectations of 550k jobs to be added. Even NOMINAL hourly earnings growth (4.8% YoY) was less than expected (5.0%). Labor force participation rose a bit to 61.8%, still well below the pre-COVID levels...
  • Welfare is delaying workers’ return — and Build Back Better would make it worse

    11/30/2021 6:17:31 AM PST · by karpov · 6 replies
    New York Post ^ | November 29, 2021 | Jonathan Ingram and Hayden Dublois
    Where are the workers? On welfare, which now pays more than work for millions of Americans. A new study by the Foundation for Government Accountability shows that amid the pandemic, available welfare benefits have become so generous that it makes financial sense for many of the unemployed to stay home rather than work. President Joe Biden and Democrats are trying to extend this backward system in the Build Back Better Act. If they do, a generation of families will suffer on the economy’s sidelines. Employers are desperate to fill a near-record high 10.4 million open jobs, and as a result,...
  • Wisconsin's Largest Children's Hospital Struggles To Treat 18 Waukesha Parade Victims Because Of Vaccine Mandate

    11/29/2021 9:39:29 AM PST · by SeekAndFind · 11 replies
    The Federalist ^ | 11/29/2021 | Dan O'Donnell
    A high-ranking official said the hospital currently has hundreds of open positions and attributes much of the staffing shortage to the COVID-19 vaccine mandate.The largest children’s hospital in Wisconsin has been struggling to care for patients in injured in the Waukesha Christmas parade attack on Nov. 21 in large part because of staffing shortages stemming from its COVID-19 vaccine mandate, multiple sources say.Eighteen children were brought to the Children’s Wisconsin Milwaukee Hospital with injuries suffered when a driver plowed into parade-goers that Sunday afternoon. Several remain in critical or serious condition, and an eight-year-old boy died of his injuries Tuesday....
  • New Unemployment Claims Drop to a 50-year Low

    11/27/2021 2:07:11 PM PST · by DoughtyOne · 75 replies
    Marketplace ^ | 11/24/2021 | Samantha Fields
    ​A whole bunch of data about the economy was released Wednesday — a day early because of Thanksgiving — and a lot of it was positive. ​We learned that the Federal Reserve is bullish on the economy’s prospects through the end of next year. In the minutes of the Open Market Committee meeting earlier this month, the central bank’s staff predicts gross domestic product will post “sizable” gains this year and next. ​Some of Wednesday’s news was a downer — consumer confidence fell to its lowest point in a decade, according to the University of Michigan. And the personal consumption...
  • Hillary Clinton: Americans Don’t ‘Appreciate’ Biden’s Accomplishments

    11/24/2021 1:28:06 PM PST · by ChicagoConservative27 · 61 replies
    Breitbart ^ | 11/24/2021 | JOSHUA CAPLAN
    Former Secretary of State Hillary Clinton lamented on MSNBC Tuesday that Americans don’t “appreciate” what she described as President Joe Biden accomplishments as the country continues to reel from inflation and supply chain issues.
  • Full Employment? Ask America's Young Workers

    11/20/2021 9:51:39 PM PST · by SeekAndFind · 6 replies
    DataTrek Research ^ | 11/20/2021 | Nicholas Colas
    The $64 question for the US labor market is how close are we to full employment in a post-pandemic world? One way we can assess this topic is by looking at the current employment status of younger Americans. This cohort was disproportionately hurt after the Financial Crisis, particularly when it came to underemployment. It took a hot labor market and years of economic growth to incorporate them into the labor force and into positions that matched their skill levels. Did the Pandemic Recession cause the same problem all over again, or are we in a better spot now?#1: Here’s how...
  • The Number Of Americans On The Dole Mysteriously Jumps Back Above 3 Million: Biggest Increases are in CA, MA and PA

    11/18/2021 8:34:48 AM PST · by SeekAndFind · 13 replies
    Nation and State ^ | 11/18/2021 | Tyler Durden
    The number of Americans filing for first-time jobless benefits fell very modestly lasyt week from 269k (revised up) to 268k, the lowest since before the pandemic lockdowns...Source: BloombergCalifornia saw the biggest jump in claims last week.Biggest increase in California (6,431), Massachusetts (2,146) and Pennsylvania (1.906)Biggest drop in Kentucky (-8,729), Tennessee (-4,148) and Ohio (-3,535)Continuing Claims also dropped to its lowest since the COVID lockdowns, at 2.08mm...Source: BloombergHowever, amid all that good news, something odd happened as 537,467 Americans were added to Pandemic Unemployment Assistance, sending the total number of Americans on the dole higher for the first time in 8...
  • Did Beverly Hills police target Black shoppers on Rodeo Drive? What records and emails show

    10/27/2021 1:25:12 PM PDT · by KingofZion · 15 replies
    Los Angeles Times ^ | October 27, 2021 | Matthew Ornseth
    Last month, two attorneys summoned reporters to the steps of Beverly Hills City Hall to make a disturbing accusation. Police had deliberately targeted Black shoppers along the city’s famous Rodeo Drive. *** A closer examination of the Beverly Hills Police Department’s Rodeo Drive Team offers a more complicated picture of the operation, shedding light on how it started and raising new questions about why the overwhelming majority of the people arrested were Black. *** The special detail was formed amid complaints over what residents and shop owners said was a “criminal element” on Rodeo Drive and was tasked with curtailing...
  • Florida Jobs Grow at Three Times US Rate, Report Shows

    10/26/2021 9:39:29 PM PDT · by SeekAndFind · 8 replies
    Epoch Times ^ | 10/26/2021 | Jannis Falkenstern
    Jobs in Florida are growing much faster than the national rate, according to a September employment report.The office of Gov. Ron DeSantis (R) estimated the job growth at three times that of the nation. Florida has recorded 17 months of continued private-sector job growth.The Sunshine State gained 84,500 jobs in September, with 73,000 of those in the private sector, according to the governor’s office.The figures showed an increase of 5.6 percent compared to the same time last year.In a press release, the governor’s office said: “Florida’s labor force increased by 540,000 over the year, with 423,000 of that increase occurring...
  • California unemployment fraud reaches at least $20 billion

    10/26/2021 7:32:04 AM PDT · by BenLurkin · 15 replies
    KTLA ^ | Oct 25, 2021
    11% of all benefits paid since the start of the pandemic. In California, the fraud was so widespread that state officials OK’d at least $810 million in benefits in the names of people who were in prison, including dozens of infamous killers on death row. State officials even sent $21,000 in benefits to an address in Roseville under the name and Social Security number of U.S. Sen. Dianne Feinstein, some of the $2 million in total fraudulent payments that were sent to that same address.
  • Health Care Workers Speak Out on Why They Would Rather Lose Their Jobs Than Take a COVID-19 Vaccine

    10/25/2021 10:02:22 PM PDT · by SeekAndFind · 73 replies
    Epoch Times ^ | 10/25/2021 | Enrico Trigoso
    Despite being promoted as safe and effective by legacy media, many health care workers are refusing to take the COVID-19 vaccines, and those who openly speak out about their concerns get censored by Big Tech companies or kicked off their platforms.Some nurses and doctors are refusing vaccine mandates even if means it will cost them their jobs.The Epoch Times reached out to some of these health care professionals to see why.‘Impossible to Give Fully Informed Consent’Emily Nixon is a registered nurse who has been working in the health industry for 18 years. When her employer, MaineHealth, announced that it would...
  • The US Is Exporting Inflation To The World! (Biden’s Chief Of Staff Thinks Inflation Is A “High Class Problem”)

    10/15/2021 8:03:17 AM PDT · by Browns Ultra Fan · 6 replies
    Confounded Interest ^ | 10/15/2021 | Anthony B. Sanders
    The import/export numbers are out this morning. And the numbers reveal that the US is exporting inflation to the rest of the world. Export prices rose by a whopping 16.3% YoY in September. In all fairness, it is slightly lower than it was in August. The cause? The Federal Reserve (now known as “The Pep Boys”) and the Federal government pumping trillions into an economy that was not prepared. Hence, the US got the dreaded “bottlenecks.” What do you get when you repeatedly flush a clogged toilet? Apparently, you get “high class problems”. Yes, Biden’s Chief of Staff Ron “The...
  • States face tough choices on repaying loans to Uncle Sam for pandemic unemployment benefits

    10/01/2021 11:21:26 PM PDT · by blueplum · 5 replies
    CNN ^ | 01 October 2021 | Tami Luhby, CNN
    (CNN)The federal government picked up the cost of the unprecedented expansion of jobless benefits during the pandemic, but many states are still facing a hefty tab for their share of the program -- and tough decisions about how to cover the bill. To avoid hiking taxes on employers, some states have opted to use billions of federal dollars they received in two congressional rescue packages to replenish their unemployment trust funds or repay the federal loans they took out. But others must decide whether to dip into the federal funds, hike taxes on employers or cut future benefits -- as...
  • Scammers got nearly 30% of Arizona virus unemployment pay

    09/30/2021 5:10:40 PM PDT · by Oldeconomybuyer · 7 replies
    The Associated Press ^ | September 30, 2021 | By BOB CHRISTIE
    PHOENIX (AP) — Scammers were able to pocket nearly 30% of the $16 billion in unemployment insurance payments sent out by Arizona since the start of the coronavirus pandemic, the director of the state agency overseeing the program said Thursday. Most of the fraud happened in the first several months of the pandemic and mainly hit federally funded emergency unemployment insurance programs. Those programs were designed to help people who normally would not be eligible for assistance because they had contract jobs or were so-called “gig workers” such as Uber drivers. Their employers generally did not pay into the unemployment...
  • Never Going Back

    09/29/2021 2:04:19 PM PDT · by PoliticallyShort · 28 replies
    The American Mind ^ | 09/27/21 | Joel Kotkin
    Where is work getting done these days? Increasingly, in the suburbs and exurbs of the big metros, smaller metros, cities and even some rural areas, all of which offer lower urban densities, which usually means less overcrowding. In the first year of the pandemic, big cities, according to the firm American Communities and based on federal data, suffered the biggest job losses, nearly 10 percent, followed by their suburbs, while rural areas suffered 6 percent and exurbs less than 5 percent. The highest unemployment rates today are in coastal blue states, while the lowest tend to be in central and...
  • Changing Circumstances, the Same Result. How Congress Can Fix the Unemployment Debacle

    09/28/2021 5:18:43 AM PDT · by Kaslin · 10 replies ^ | September 28, 2021 | Jonathan Bain
    The more things change, the more they remain the same. It’s an old adage, but it’s held true over the centuries. Forgetting to check the weather report and being caught in a storm without an umbrella. Rude people on airplanes. The loud man at the bar brazenly boasting of his far-fetched accomplishments. It’s a different day, a different storm. A different flight, a different person. A different bar, a different loud man. The circumstances change, but the feeling is still the same. While this feeling of déjà vu can creep into our personal lives all too often, it’s now spilling...
  • 7 ways men live without working in America

    09/27/2021 2:28:33 PM PDT · by The_Media_never_lie · 108 replies
    Yahoo Finance ^ | Sept. 18, 2021 | Andy Serwer with Max Zahn
    Almost one-third of all working-age men in America aren’t doing diddly-squat. They don’t have a job, and they aren’t looking for one either. One-third of all working-age men. That’s almost 30 million people! How do they live? What are they doing for money? To me, this is one of the great mysteries of our time. I’m certainly not the first person to make note of this shocking statistic. You’ve heard people bemoaning this "labor participation rate," which is simply the number of working-age men (usually counted as ages 16 to 64) who are working or are seeking work, as a...
  • Hard work in red vs blue states

    09/26/2021 8:44:26 PM PDT · by Deebee88 · 6 replies
    Mixed Texan Politics ^ | 09/07/2021 | Donovan Corzo
    Some interesting numbers have come out recently when comparing red states versus blue states. According to a new study released by Wallethub ranking the least and hardest working states, the top 10 are primarily run by Republicans and the bottom 10 are mostly run by Democrats. Some of the metrics used range from average workweek hours to share of workers with multiple jobs to annual volunteer hours per resident. The same rings true when looking at the states with the highest and lowest unemployment rates across the country.