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“No ‘right’ side to history, a start on fixing the FBI and other commentary” Progressive: No ‘Right’ Side to History “The right side of history,” that “staple of progressive rhetoric,” is a “myth,” argues William Deresiewicz at The Free Press: History “does not take sides.” The myth “makes for arrogance and condescension” on the left,…
“Jobless claims rise for second straight week” The number of Americans filing new claims for unemployment benefits edged higher last week but remain in a range indicating the job market remains tight, even as the Federal Reserve works to cool demand for labor as part of its bid to lower inflation. Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for…
“Jobless claims fall to lowest level in over two months” The number of Americans applying for unemployment benefits fell significantly last week, a sign that the labor market remains strong even as the Federal Reserve continues to raise interest rates in an effort to cool the economy and slow inflation. Applications for jobless claims fell…
“Jobless claims rise by 4,000 as labor market remains tight” The number of Americans filing new claims for jobless benefits increased moderately last week, while continuing claims hit a 10-month high towards the end of November, suggesting the labor market was gradually slowing down. Still, labor market conditions remain tight, keeping the Federal Reserve on course to continue increasing…
“Chinese hackers stole $20M in COVID relief funds: Secret Service” Chinese government-linked hackers swiped at least $20 million in COVID relief funds from the US government, according to the feds. The stolen taxpayer dollars came from Small Business Association loans and unemployment insurance funds from more than a dozen states, the Secret Service told NBC…
“Weekly jobless claims hit 3-month high” The number of Americans filing new claims for unemployment benefits increased to a three-month high last week amid rising layoffs in the technology sector, but that likely does not suggest a material shift in labor market conditions, which remain tight. Weekly jobless claims data tend to be volatile around the start of the holiday…
“Jobless claims drop as widespread layoffs remain low” The number of Americans filing new claims for unemployment benefits fell last week, showing widespread layoffs remain low despite a surge in technology-sector job cuts that has raised fears of an imminent recession. The weekly unemployment claims report from the Labor Department on Thursday, the most timely data on the economy’s…
“NY state must pull out all the stops to recover that epic $11B in illegal jobless payments” Once again, New Yorkers are getting fleeced, this time to the tune of a whopping $11 billion (yes, you read that right) — thanks to fraudulent jobless claims during the pandemic and the state’s pathetic failure to stop…
“Audit finds New York lost $11 billion in unemployment fraud in 2020” New York let fraudsters make off with at least $11 billion in taxpayer cash as jobless claims soared during the height of the COVID-19 pandemic — aided by loosened eligibility rules and an already crumbling state unemployment system, Comptroller Tom DiNapoli charged Tuesday….
“#US jobless claims jump to 286K as Omicron hits employers” The number of American workers filing unemployment claims jumped much more than expected this week as US companies and employees contend with the Omicron variant, according to data released Thursday. Workers filed 286,000 initial jobless claims for the week ending on Jan. 15, the Labor…