unemployment

Hackers claimed $158 million in fake unemployment checks by stealing taxpayers’ identities

Yahoo Life is committed to finding you the best products at the best prices. The product written about here is offered in affiliation with Yahoo Life’s parent company, Verizon Media.

About 58,000 fraudulent unemployment claims were discovered in Massachusetts, and actual unemployed people are the one who pay the biggest price.
About 58,000 fraudulent unemployment claims were discovered in Massachusetts, and actual unemployed people are the one who pay the biggest price.

When it comes to online scams, nothing is sacred. Malicious actors will take advantage of the elderly, target people trying to make positive change in the world, and even capitalize on others’ misfortune. It seems like a new scheme is hatched every day. The latest on our radar is the massive unemployment check fraud committed in Massachusetts following an uptick in pandemic-related job loss.

The criminal activity was first detected by the Massachusetts unemployment systems as part of a nationwide scam back in May, according to Massachusetts Live. As of July, the count is 58,000 fraudulent claims and a

Read More

Unemployment money was a coronavirus lifeline. Scammers grabbed $900K in NC cases.

Federal authorities in Charlotte said Thursday they had seized $80,000 held in bank accounts that they say scammers used to steal unemployment benefits meant to help people survive the coronavirus pandemic.

It was the second such case U.S. Attorney Andrew Murray’s office announced this week. More than $48,000 was seized in that case, authorities said Tuesday.

Court documents say unknown scammers used personal information stolen from identity theft victims in North Carolina’s Western District to apply online for state and federal unemployment benefits, Murray and Reginald DeMatteis, special agent in charge of the Secret Service in Charlotte, said in Thursday’s announcement.

The fraudsters then directed bank account holders to make financial transactions with the money or transfer it to other bank accounts, often overseas. Many of the account holders, referred to in court documents as “money mules,” were involved in online romances with the scammers and didn’t know they were

Read More

When is the extra $600 federal unemployment cutoff? Your COVID-19 money questions, answered

It’s hard out there. And, in this time of uncertainty, USA TODAY is working to find answers to your money questions – anything from stimulus checks or unemployment benefits to your 401(k) or retirement plans. You can submit your questions here and read earlier answers below.

We will be updating the Q&A, so check back often. But, also look to these places:

The additional $600 in weekly jobless benefits provided by the federal government is officially set to end July 31. But states will pay it only through the week ending July 25 or July 26, a significant blow to unemployed workers counting on that money to bolster state benefits that average just $370 a week.

“The (Federal Pandemic Unemployment Compensation) $600 can be paid for weeks ending no later than the week ending prior to Friday, July 31, 2020,” the U.S. Department of Labor said in a statement. “For … Read More

Florida Has 4th Worst Unemployment Recovery In Country

ACROSS FLORIDA — As recent outbreaks of the coronavirus in states like Florida, Texas and Arizona cause a new wave of shutdowns, MoveOn.org is calling on Congress to extend coronavirus emergency unemployment funding through the end of the year.

The petition has been signed by more than one million people so far.

Without an extension, unemployment benefits are set to expire on July 31.

“Many people who are laid off due to COVID-19 won’t find work for a very long time, maybe never because some jobs lost today won’t be coming back,” reads the petition. “People will need time and resources to learn and develop a new skill. By ending the $600 per week additional unemployment assistance too soon, we will certainly be dooming people to tragic futures. This will have far-reaching ramifications. We need to look out for each other during these unprecedented times. Please let’s help each other

Read More

‘It breaks your heart.’ California should audit embattled unemployment agency, lawmaker says

Citing relentless consumer anger over delays and confusion in dealing with the state’s unemployment agency, Assemblyman Jim Patterson Friday formally requested an audit of the state’s beleaguered Employment Development Department.

Among his requests: A close look at the agency’s decisions to award years of contracts for modernizing and maintaining the system to Deloitte Consulting LLC.

The Sacramento Bee reported Thursday that EDD has repeatedly used Deloitte to help build and maintain its IT systems for years, despite warnings from state watchdogs that the systems were often delayed and over budget.

Patterson, a Fresno Republican, listed his frustrations In a lengthy, detailed request that described his experiences with infuriated constituents upset with EDD.

“Every single day people are messaging me, saying, Jim, nobody’s returning my call. Or they denied my application for unknown reasons. It breaks your heart,” he told The Sacramento Bee, echoing what other lawmakers have found and readers

Read More

$600 bonus unemployment benefits end soon. Here’s how to prepare

Another 1.5 million Americans filed jobless claims last week to receive unemployment benefits, and the payments are currently going to about 19.5 million people, the government reported Thursday.

A weekly benefit boost has made unemployment a little easier for those who lost their jobs to the coronavirus, but soon they’ll have to survive without the bonus money.

The Coronavirus Aid, Relief and Economic Security Act — the CARES Act that also brought you those stimulus checks — provides an extra $600 per week of unemployment through July 31. Lawmakers haven’t committed to an extension.

Standard unemployment payouts vary from state to state, and depending on where you live you may have trouble making ends meet on regular benefits alone.

Here are nine things you can do to prepare to cope with a smaller weekly payout.

Pad your emergency fund while you still can

Vitalii Vodolazskyi / Shutterstock

While you

Read More

1.48m more Americans file for unemployment as pandemic takes toll

Another 1.48 million people filed for unemployment insurance across the US last week, as the grim economic toll of the coronavirus pandemic continued and infection rates picked up in many states.

Related: Trump administration sent $1.4bn in stimulus checks to dead people – live

Claims for unemployment insurance have now fallen for 12 weeks in a row, but remain historically high. About 47 million people have now filed for benefits in the last 14 weeks, with 3m claims made in the last two weeks. Last week’s figure was just 60,000 lower than the previous week.

The latest figure comes even as states across the country have begun reopening after relaxing quarantine measures. But surges in infection rates in states, including new record highs in states including Arizona, California and Texas, are likely to prove a further drag on the economic recovery.

Nicholas Juhle, head of economic research at Greenleaf Trust,

Read More

1.48 million people filed for first-time unemployment last week, worse than predictions

Around 1.48 million people filed for initial unemployment benefits last week, the 14th consecutive week where states have processed over a million first-time applications — and a larger weekly figure than economist predictions of 1.35 million.

While the figures for the week ending June 20 are a far cry from the peak of 6.6 million in March, it is still an astonishing number, and a continuation of the grim ritual that has happened at 8:30 a.m. every Thursday since the pandemic hit, when the U.S. Department of Labor announces how many claims have been made for unemployment insurance.

The U.S. economy is showing some signs of improvement — in housing and online retail sales, for instance, but the labor market is still in rough shape.

As the downturn wears on, economists are paying closer attention to continuing claims. According to the latest release from the federal government, around 20 million

Read More