The number of Americans filing new claims for unemployment benefits fell more than expected last week, while layoffs plunged to a 21-year low in June, suggesting the labor market recovery from the COVID-19 pandemic was gaining traction.
States that are cutting President Joe Biden's expanded unemployment benefits early are seeing a faster decline in jobless claims, according to analysis.
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.
