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Vermont s unemployment rate 2 6% for May, pre-pandemic level
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Vermont s unemployment rate falls again to 2 6 percent in May | Vermont Business Magazine
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Every bank in the US utilizes technology that can stop it
by Haywood Talcove Weeks ago,Vermont’s Labor Commissioner Michael Harrington made the tough call to entirely shut down the state’s online portal for filing for unemployment benefits. Facing an ongoing barrage of fraudulent claims coming from transnational criminal groups, domestic organized criminal groups and everyone in between, agency leaders had no choice but to move from a digital filing system to an analog one: phone calls.
They were right to do so.
Our nation’s entitlement programs are facing a coordinated attack right now - and the great unemployment heist of COVID-19 may go down as the largest fraud in history – current national estimates are between $150-250 billion. Vermont, like every other state in the union, is dealing with something unprecedented - and nobody should accept or normalize this situation.
Talcove: Vermont s unemployment fraud problems are correctable
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The Vermont Department of Labor stopped accepting new online applications for unemployment benefits last week after its system was receiving nearly 3,000 new claims a day, more than 90% of them fraudulent, Labor Commissioner Michael Harrington said Monday.
The department on Friday said it would no longer accept online first-time claims for unemployment benefits. Residents were told to file their claims over the phone. The change dropped the number of new claims by about 90%.
âThe hardest part is that these fraudsters have a lot of data points on individualsâ identities,â Harrington said. âIt looks like a real person, it feels like a real person, but in the end itâs not.â