Unemployment benefits
Coverage of Unemployment benefits in the Nexus archive.
- Ex-Epoch Times CFO pleads guilty in $67M multinational money laundering scheme
The former chief financial officer of The Epoch Times, Weidong 'Bill' Guan, pleaded guilty to conspiracy in a $67 million money laundering scheme involving fraudulent unemployment benefits and cryptocurrency. He admitted to knowingly processing criminal funds through the company's accounts and personal accounts.
- Ex-Epoch Times CFO pleads guilty in $67M multinational money laundering scheme
Weidong 'Bill' Guan, former CFO of The Epoch Times, pleaded guilty to conspiracy in a $67 million money laundering scheme involving cryptocurrency and fraudulently obtained unemployment benefits. The scheme used stolen personal information and prepaid debit cards to launder funds through the company's accounts, leading to a 410% increase in the organization's revenue.
- US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels
The number of Americans filing for unemployment benefits decreased slightly to 215,000 last week. Layoffs in the U.S. remain at historically low levels.
- U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levels
U.S. jobless claims fell to 215,000 in the week ending June 27, below analysts' forecasts of 225,000. The four-week moving average of claims dropped to 222,000, while total filings for the prior week reached 1.81 million.
- U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levels
U.S. jobless aid applications fell to 215,000 in the week ending June 27, below the 225,000 forecast by analysts. The four-week moving average of claims decreased to 222,000, while the prior week's total filings rose to 1.81 million.
- US jobless aid filings fall to 215,000 last week as layoffs remain low despite economic headwinds
U.S. jobless aid filings decreased to 215,000 in the week ending June 20, below analysts' forecasts of 225,000, indicating low layoffs despite economic challenges. The four-week moving average of claims rose slightly, while total filings for the prior week increased to 1.82 million.
- US jobless aid filings fall to 215,000 last week as layoffs remain low despite economic headwinds
US jobless aid filings decreased to 215,000 in the week ending June 20, below analysts' forecasts of 225,000. The four-week moving average of claims rose slightly to 224,250, while the total number of filings for the prior week increased to 1.82 million.
- US jobless aid filings fall to 215,000 last week as layoffs remain low despite economic headwinds
U.S. jobless aid filings decreased to 215,000 in the week ending June 20, below analysts' forecasts, despite economic headwinds. The four-week moving average of claims rose slightly, while the total number of filings for the prior week increased to 1.82 million.
- U.S. filings for unemployment benefits fall to 226,000 last week as layoffs remain historically low
U.S. unemployment benefit filings decreased to 226,000 in the week ending June 13, aligning with analyst forecasts. The four-week moving average of jobless claims rose slightly, while the total number of filings for the prior week was higher than expected.
- Seattle unemployed worker stretches $690 per week | Affording Seattle
Unemployment is rising in the Seattle metro area, with unemployed workers receiving $690 per week in benefits that barely cover basic living costs.
- Jobless claims jump to a 4-month high, but don’t be fooled: Layoffs aren’t on the rise
Jobless claims rose to a four-month high at the end of May, but the increase is attributed to the timing of the Memorial Day holiday rather than rising layoffs.
- Labor Dept. demands banks freeze nearly $1B in fraudulent COVID benefits
The U.S. Labor Department has ordered financial institutions to freeze approximately $1 billion in fraudulently obtained unemployment benefits that were distributed during the COVID-19 pandemic. This action aims to recover funds that were improperly paid out through the pandemic relief programs.
- US jobless claims fall as lay-offs remain low despite economic uncertainty
US jobless claims fell by 3,000 to 209,000 for the week ending May 16, beating analyst forecasts of 213,000. The decline indicates that lay-offs remain low despite ongoing economic uncertainties. Weekly unemployment filings serve as a key real-time indicator of the job market's health.
- US jobless claim filings rise modestly to 214,000 last week, remain at healthy levels
The number of Americans filing for unemployment benefits increased slightly to 214,000 last week, but remains within the historically healthy range observed in recent years.
- Stolen IDs sold for ‘Happy Meal’ prices fuel billions in US benefit fraud
Stolen identities are sold for low prices, enabling fraud in US benefit programs like unemployment, Medicaid, and food assistance. Criminals use AI and online tools to file fraudulent claims, leading to billions in potential losses and prompting increased congressional scrutiny.