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Saturday, October 31, 2020
trump:-i-want-$600-unemployment-benefits-to-continue

Trump: I Want $600 Unemployment Benefits to Continue

During an interview with Gray Television on Tuesday, President Trump stated that he wants people receiving unemployment benefits to continue to get $600 a week in enhanced unemployment benefits and stated that for people who are on unemployment, “it’s not their fault. It’s China’s fault that this whole thing happened. … So we want to take…
blue-collar-american-men-fall-out-of-labor-force-at-highest-rate-in-20-years

Blue Collar American Men Fall Out of Labor Force at Highest Rate in 20...

The labor force participation rate among working class, native-born American men has hit a  20-year low, research shows. Center for Immigration Studies (CIS) researchers Steven A. Camarota, Jason Richwine, and Karen Zeigler reveal in newly released research that the labor force participation rate for native-born American men without a bachelor’s degree has continued to decline since at least…
no-labor-shortage:-working-class-americans-hardest-hit-by-joblessness

No Labor Shortage: Working Class Americans Hardest Hit by Joblessness

Working class Americans are experiencing a higher level of unemployment than middle class and white-collar professionals — showing no signs of a labor shortage — new analysis finds. Center for Immigration Studies (CIS) researchers Steven A. Camarota, Jason Richwine, and Karen Zeigler reveal that native-born Americans with less than a high school diploma, only a high…
why-the-assumption-that-high-unemployment-benefit-will-keep-workers-from-returning-to-the-labor-market-is-deeply-flawed

Why The Assumption That High Unemployment Benefit Will Keep Workers From Returning To The...

Submitted by Jessica Rabe of DataTrek Research "Contacts cited challenges in bringing employees back to work, including… generous unemployment insurance benefits.” That’s the topic getting the most attention from the Federal Reserve’s latest Beige Book out Wednesday. There’s more to the story, however: As we noted yesterday in our review of the report, the extra…
worst-unemployment-spike-in-history-–-1-in-4-american-workers-has-filed-for-unemployment-benefits-in-2020

Worst Unemployment Spike In History – 1 In 4 American Workers Has Filed For...

Authored by Michael Snyder via TheMostImportantNews.com, Even though most U.S. states have begun the process of “reopening” their economies, the unprecedented tsunami of job losses that we have been experiencing just continues to roll on.  On Thursday, we learned that another 2.4 million Americans filed initial claims for unemployment benefits during the previous week, and…
washington-state-reportedly-lost-‘hundreds-of-millions’-to-nigerian-unemployment-fraud-scheme

Washington State Reportedly Lost ‘Hundreds Of Millions’ To Nigerian Unemployment Fraud Scheme

Washington state officials claimed that “hundreds of millions” of dollars have been lost to a Nigeria-based fraud scheme that used stolen information to file false unemployment claims, according to a Seattle Times report. BREAKING: Washington state lost “hundreds of millions of dollars” to a Nigerian fraud ring which used stolen information to file false unemployment…
’42-percent-of-these-jobs-won’t-come-back’:-andrew-yang-predicts-permanent-job-loss-could-be-‘almost-two-times-the-great-recession’

’42 Percent Of These Jobs Won’t Come Back’: Andrew Yang Predicts Permanent Job Loss...

Former Democratic presidential candidate Andrew Yang predicted that “42 percent” of the jobs lost so far in the self-imposed economic shutdowns “won’t come back.” Yang talked about the latest dire unemployment numbers and speculated that the permanent job losses could be “almost two times” those lost during the Great Recession of 2007-2009 in a Thursday…
krugmania:-we-need-more-unemployment…-to-save-us-from-unemployment

Krugmania: We Need More Unemployment… To Save Us From Unemployment

Authored by William Anderson via The Mises Institute, It has been a long time since I read anything by Paul Krugman, and seeing his most recent column simply reminds me why I’ve not missed anything. As both an extreme Keynesian and political partisan, he long ago abandoned economic analysis for something economists should recognize as nothing less than what Mises…
millionaire-congressman-david-trone’s-business-is-thriving,-but-he’s-still-laying-off-his-employees

Millionaire Congressman David Trone’s Business Is Thriving, But He’s Still Laying Off His Employees

Democratic Maryland Representative David Trone has quietly laid off workers during the coronavirus pandemic while his multi-billion-dollar wine company has thrived, the Daily Beast reported.  Rep. Trone’s successful wine business has boomed during the coronavirus pandemic. According to documents obtained by the Daily Beast, the representative’s company Total Wine & More reported that sales grew…
overseas-fraud-ring-steals-millions-in-us.-unemployment-funds

Overseas Fraud Ring Steals Millions in U.S. Unemployment Funds

A Nigerian fraud ring has allegedly stolen millions of U.S. unemployment benefits meant to help jobless Americans. The complex scheme stole identities from citizens, including social security numbers, to file invalid claims on behalf of workers who may not even be unemployed, the New York Times reported. Federal authorities believe that most of the false…
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