More than 46,000 Texans who lost their jobs in recent months were initially overpaid by the Texas Workforce Commission, which now wants $32 million in unemployment benefits back. “State law requires TWC to recover all unemployment benefits overpayments,” Cisco Gamez,...
Unemployment
FBI Sees Spike in Fraudulent Unemployment Insurance Claims Filed Using Stolen Identities
The FBI has seen a spike in fraudulent unemployment insurance claims complaints related to the ongoing COVID-19 pandemic involving the use of stolen personally identifiable information (PII). U.S. citizens from several states have been victimized by criminal actors...
Record jobs gain of 4.8 million in June smashes expectations; unemployment rate falls to 11.1%
KEY POINTS Nonfarm payrolls rose by 4.8 million in June, much better than the expected increase of 2.9 million. The unemployment rate fell to a crisis low of 11.1%, also better than the 12.4% estimate. Those on temporary layoff fell by 4.8 million in June to 10.6...