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Unemployment

Economy Financial National 

Markets Record New Highs as Inflation and Unemployment Concerns Mount

February 12, 2021February 12, 2021 NICK RUMMELL
Stocks, U.S. Economy, Unemployment

Wall Street took a breather from last week’s massive rally but not so much that it still didn’t manage to eke out some record gains.

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Uncategorized 

With GameStop Short Squeeze Forgotten, Happy Times Are Here Again on Wall Street

February 5, 2021February 5, 2021 NICK RUMMELL
Stocks, U.S. Economy, Unemployment

The end of the GameStop saga, coupled with hopes for at least $1 trillion in new stimulus funds, has juiced Wall Street bulls to rally markets on their best week in months.

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Economy Financial Government 

Dismal Jobs Report Gives Oomph to Biden’s Case for Virus Relief

February 5, 2021February 8, 2021 SAMANTHA HAWKINS
Biden administration, coronavirus, U.S. Economy, Unemployment

With approval from many top economists, Biden said his Covid relief package would quickly fuel economic growth and job creation.

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Employment Financial Government National 

Surprise Tax Forms Reveal Extent of Unemployment Fraud in US

February 5, 2021February 5, 2021 ASSOCIATED PRESS
California, coronavirus, Fraud, Taxes, Unemployment

The problem could be most acute in California, where officials mailed close to 8 million tax forms last month — more than five times the number they send in a normal year.

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Economy Employment National 

Employers Add Only 49,000 Jobs, Signaling Long Road to Recovery

February 5, 2021February 5, 2021 KEVIN LESSMILLER
coronavirus, Labor, U.S. Economy, Unemployment

The paltry increase was driven by gains in the government sector and the professional and business services industry.   (CN)

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Government Regional 

California Lawmakers Roll Out Plans to Overhaul Flailing Unemployment Department

February 4, 2021February 4, 2021 NICK CAHILL
California, coronavirus, Unemployment

The reform package calls for stricter oversight, a streamlined application process and new fraud prevention systems to prevent more unemployment benefits from reaching inmates and imposters.

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Employment Financial National 

Pandemic Job Loss Cause for Moving, Pew Study Shows

February 4, 2021February 4, 2021 EMILEE LARKIN
Labor, Pew Research Center, Travel, Unemployment

Americans moved over the summer to get away from the risk of getting Covid-19; now another Covid-19 risk has got them packing.

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Employment Government 

Lawmakers Take California’s Unemployment Agency to Task at Oversight Hearing

February 3, 2021February 3, 2021 MARIA DINZEO
California, Unemployment

Lawmakers grilled California’s Employment Development Department following two withering audits revealing mismanagement and poor planning.

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Employment Government Health 

Fraud Rampant in California Unemployment Office: Audit

January 28, 2021January 28, 2021 NICK CAHILL
California, coronavirus, Fraud, Unemployment

Imposters and inmates in California filed unemployment claims using fake names like “Poopy Britches” and in one case assuming the identity of a sitting U.S. senator.

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Employment Government Health 

Audit Slams California Employment Department Over Pandemic Failings

January 26, 2021January 26, 2021 NICK CAHILL
Audit, California, coronavirus, Unemployment

The myriad shortcomings at the California Employment Development Department have existed — and were audited — since at least the Great Recession, over a decade before the coronavirus pandemic washed California jobs away.

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Business Economy Financial International 

Job Losses From Virus 4 Times as Bad as ’09 Financial Crisis

January 25, 2021January 25, 2021 ASSOCIATED PRESS
coronavirus, Unemployment, United Nations

Four times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the global financial crisis in 2009, a U.N. report said Monday.

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Economy Health 

California Jobless Rate Climbs Amid New Covid Shutdowns

January 22, 2021January 22, 2021 NICK CAHILL
California, coronavirus, Unemployment

The latest round of coronavirus shutdowns has pushed California’s unemployment rate to 9% as the state’s jobs recovery continues to lag behind rest of the nation.

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Health International 

Pandemic Raises Japan Suicide Rate After Decade of Decline

January 22, 2021January 22, 2021 AGENCE FRANCE-PRESSE
children, coronavirus, gender, Japan, suicide, Unemployment

The number of people taking their own lives in Japan rose for the first time in over a decade last year, as the pandemic reversed years of progress combatting a stubbornly high suicide rate.

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Business Consumers Financial 

Bank of America Sued for California Unemployment Fraud Scheme

January 15, 2021January 19, 2021 NICHOLAS IOVINO
Bank of America, California, Fraud, Unemployment

Unemployed Californians say the bank made state benefit cards vulnerable to fraud and that the bank’s customer service and fraud claim systems are deficient.

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Economy Health 

Sharp Rise in Jobless Claims as Pandemic Bites Again

January 14, 2021January 14, 2021 AMANDA PAMPURO
coronavirus, Labor Department, Unemployment

Following months of slow recovery amid the Covid-19 pandemic, the U.S. reported a spike in claims for jobless benefits.

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Economy Employment National 

Economy Loses 140,000 More Jobs to End Year on a Low Note

January 8, 2021January 8, 2021 KEVIN LESSMILLER
coronavirus, Labor, U.S. Economy, Unemployment

A stalled economy recovery took a backslide in December, shedding 140,000 more jobs as coronavirus cases surged during the holiday season.

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Economy Government 

Unemployment Benefits for Millions in Limbo as Trump Rages

December 26, 2020December 26, 2020 ASSOCIATED PRESS
Donald Trump, Unemployment

Unemployment benefits for millions of Americans struggling to make ends meet were set to lapse at midnight Saturday night unless President Donald Trump signed an end-of-year COVID relief and spending bill that had been considered a done deal before his sudden objections.

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Economy Health Regional 

California Jobless Rate Dropped. Don’t Expect the Trend to Continue

December 18, 2020December 18, 2020 NICK CAHILL
California, coronavirus, Unemployment

California’s unemployment rate dropped again in November to 8.2%, marking sixth straight months of improvement as the state added more jobs last month than anywhere else but Texas.

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Criminal Government Health 

Fake Feinstein

December 17, 2020December 18, 2020 BRIEF
coronavirus, Fraud, Unemployment

Federal authorities have charged a former California Employment Development Department worker with impersonating a sitting U.S. senator — purportedly Dianne Feinstein — to receive $21,000 in pandemic unemployment benefits.

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Financial Health 

Most Californians See Bleak Times Ahead for Next Generation

December 9, 2020December 9, 2020 NICK CAHILL
California, coronavirus, polling, Unemployment

Struggling through pandemic lockdowns and incessant school closures, Californians expect a bleak financial future for the next generation to grow up in the nation’s richest state.

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