US jobless aid programs bilked of up to $135 billion during COVID, watchdog says
Waves of fraudulent claims for unemployment insurance benefits have episodically inflated the volumes of new filings reported each week to the Labor Department by all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, often confounding economists tracking the data for a read on the health of the job market. But a new General Accountability Office report estimates the problem is much bigger: Between $100 billion and $135 billion of the roughly $900 billion in jobless benefits payouts from April 2020 through May 2023 may have been fraudulent. The GAO's fraud est...
Source: yahoo.com
