The Fed says the unemployment rate will rise. Here’s who economists say will lose their jobs first.

The Federal Reserve escalated its struggle towards inflation this week, making a giant charge hike and saying extra will probably comply with. The central financial institution mentioned that these strikes will result in a leap within the variety of unemployed People by the top of subsequent yr. The Federal Reserve has rolled out a collection … Read more

Estimates of epidemic unemployment fraud amount to 46.5 billion dollars

A federal watchdog discovered Thursday that fraudsters might have stolen $45.6 billion from the nation’s unemployment insurance coverage program through the pandemic, utilizing Social Safety numbers for the lifeless and different strategies to deceive and corrupt the US authorities. The brand new estimate is a dramatic enhance from about $16 billion in potential fraud recognized … Read more