A new report on American philanthropy released this week revealed that charitable giving in the U.S. reached recored levels last year — in spite of an economy that saw paychecks slashed and unemployment soaring.
Some experts say unemployment fraud during the coronavirus pandemic could easily reach $400 billion, with most of that money likely ending up in the hands of international crime syndicates in China, Nigeria, Russia and elsewhere, Axios reports.
The U.S. economy added 559,000 jobs in May and the unemployment rate dropped to 5.8 percent, the Labor Department said in its monthly labor assessment Friday.
The U.S. economy added just 266,000 jobs in April and the unemployment rate ticked up to 6.1 percent, the Labor Department said in its monthly labor assessment Friday, smashing expectations.
Thursday’s report from the Labor Department showed that jobless claims fell from 781,000 the week before. It is the first time that weekly applications for jobless aid have fallen below 700,000 since mid-March of last year. Before the pandemic tore through the economy, applications had never topped that level.
Sen. Joe Manchin (D-W.Va.) on Friday announced a deal with the Senate’s Democratic leadership on an unemployment insurance amendment to the coronavirus relief package after the Senate ground to a complete halt for nine hours while both parties wooed him to support their competing proposals.
The United States added 379,000 jobs in February, according to data released Thursday by the Labor Department—far surpassing the 198,000 new jobs economists were expecting—as hiring rebounded in the leisure and hospitality sectors.
