California: Criminal rings loot billions in jobless funds

LOS ANGELES (AP) — Sophisticated hackers, identity thieves and overseas criminal rings stole over $11 billion in unemployment benefits from California last year, but the extent of the fraud might grow far larger: billions more in payments are under investigation. California Labor Secretary Julie Su told...

California paid $11 billion in bogus jobless claims last year, investigating possible fraud involving $20 billion more

LOS ANGELES (AP) — California paid $11 billion in bogus jobless claims last year, investigating possible fraud involving $20 billion more.

US jobless claims decline to a still-high 900,000

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to 900,000, still a historically high level that points to ongoing job cuts in a raging pandemic. The Labor Department's report Thursday underscored that President Joe Biden has inherited an economy that...

US jobless claims dip to 900,000 as layoffs remain high with economy in grip of virus

WASHINGTON (AP) — US jobless claims dip to 900,000 as layoffs remain high with economy in grip of virus.

This Week: Netflix earns, jobless benefits, US home sales

A look at some of the key business events and economic indicators upcoming this week: BINGE THIS Wall Street expects that Netflix closed out 2020 with another solid quarter. The video streaming service has been riding a wave of popularity as people spend more time at home due to the pandemic. The company gained...

VIRUS TODAY: Unemployment claims in US rise to 965,000

Here’s what’s happening Thursday with the coronavirus pandemic in the U.S.: THREE THINGS TO KNOW TODAY — The number of people seeking unemployment aid soared last week to 965,000, the most since late August, offering evidence that the resurgent virus has caused a spike in layoffs. The Labor...

US unemployment claims jump to 965,000 as virus takes toll

WASHINGTON (AP) — The number of people seeking unemployment aid soared last week to 965,000, the most since late August and a sign that the resurgent virus has likely escalated layoffs. The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the...

US jobless claims jump to 965,000 as layoffs remain high with economy in grip of virus

WASHINGTON (AP) — US jobless claims jump to 965,000 as layoffs remain high with economy in grip of virus.

US unemployment claims slip to still-high 787,000

WASHINGTON (AP) — The number of Americans seeking unemployment aid fell slightly last week to 787,000, a historically high number that points to a weak job market held back by the viral pandemic. Thursday's figure from the Labor Department, a slight decline from the previous week, shows that even with the...

US jobless claims dip to still-high 787,000 as layoffs remain elevated with economy in grip of virus

WASHINGTON (AP) — US jobless claims dip to still-high 787,000 as layoffs remain elevated with economy in grip of virus.