Toddlers, people not yet born, and those 115+ snagged nearly $400M in unemployment insurance: DOGE
The government's efficiency department appears to have discovered more potential scams within the federal government. On Wednesday, Doge shared an A post On social media highlighting troubling findings from unemployment insurance investigations. “We will continue to work to catch these burglars and eradicate terrible fraud. This is where the accountability lies.” Since 2020, tens of […]
Unemployment Ticks Up, Jobs Disappoint Slightly, DOGE Cuts Working
The US labor market added 151,000 jobs in February. That's a small acceleration from the 143,000 jobs that were earned in January, but 160,000 economists weren't predicted. The unemployment rate was up to 4.1%, contrary to expectations of stable 4.0%. The February report highlights the labor market, which is resilient but shows signs of cooling. […]
UK faces youth jobs crisis as number of ‘Neets’ rises to almost 1m | UK unemployment and employment statistics
Experts warn that the UK is facing a youth employment crisis after the number of youths not in education, employment and training (NEET) has risen to around 1 million, the highest level in more than a decade. Numbers from National Statistics Bureau An estimated 987,000 young people aged 16-24 who were in NEET from October […]
DOGE is laying off thousands: what impact will it have with unemployment
Fox Business Host Stuart Varney examines federal agency confusion over Elon Musk's ultimate productivity email. Elon Musk's Office of Government Efficiency (DOGE) is working to cancel contracts to cut the federal workforce and save money through layoffs and acquisitions. economy. president Donald Trump's The administration has left Musk and Doji to find ways to reduce […]
U.S. Unemployment Rate Falls To 4.0%, Economy Added 143,000 Jobs In January
U.S. employers added 143,000 workers to their pay in January, the Labor Department said Friday, bringing the unemployment rate down to 4.0%. Economists expected 168,000 jobs and unemployment rates of 4.1%, according to an Econoday survey. The numbers are seasonally adjusted. January typically has a massive downshift in employment in the retail sector as businesses […]
Massachusetts must pay feds $2.1B after mistakenly using pandemic funds to cover unemployment benefits
Massachusetts will pay $2.1 billion to the federal government over the next 10 years to settle its debt after the state under former Republican Gov. Charlie Baker mistakenly used federal pandemic funds to supplement unemployment benefits. Must be. Current Gov. Maura Healey, a Democrat, and her representatives on Monday announced details of the settlement reached […]
California’s unemployment benefits system ‘broken’ with $20B owed to feds in loan debt: report
California's unemployment insurance (UI) loan system is facing significant deficits and needs a complete “redesign,” according to a new bipartisan report. Legislative Analyst Office (LAO). The system was supposed to be self-sufficient, but it has been unable to cover its annual benefit costs, resulting in a projected deficit of $2 billion annually over the next […]
UK jobcentres not fit for purpose, says Liz Kendall ahead of major reforms | Unemployment
Britain's network of jobcentres has become a hollowed out “benefits management service”, shunned by employers and jobseekers alike, ministers say warned ahead of a complete review of the company's leave support system. employment. In an interview with observerWork and Pensions Secretary Liz Kendall said the country's 650 job centers were no longer “fit for purpose”, […]
People Weren’t Feeling Unemployment Rate, Stock Market in Their Pocketbooks
“Even if the economy has the lowest unemployment rate, “Even if we see growth in the stock market.” ”, “If people don’t feel it in their wallets,” all of that doesn’t matter as much, and that’s reflected in the election results. Host Jose Díaz Balart asked, “What have you learned from past elections?” What did […]
Pound Sterling slumps as UK unemployment rate jumps to 4.3% – FXStreet
The pound sterling fell to nearly 1.2800 against the US dollar following the release of weak UK employment data. Britain's unemployment rate jumped to 4.3% and average incomes rose faster than expected in the three months to September. Investors are waiting for US inflation data to guide new interest rates. The pound fell against its […]