unemployment

Rising interest rates, slowing economy and rising unemployment will prompt US households to sell more stocks in 2023: Goldman Sachs

Rising interest rates, slowing economy and rising unemployment will prompt US households to sell more stocks in 2023: Goldman Sachs

U.S. households, the biggest buyer of stocks since 2020, are expected to sell more stocks in 2023 due to slowing economic growth and rising unemployment, according to Goldman Sachs strategists. The macroeconomic backdrop will push households to sell $100 billion worth of US stocks in 2023, wrote strategists led by David Kostin, chief US equity …

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The Fed says unemployment will rise.  Here's who economists say would lose their jobs first.

The Fed says unemployment will rise. Here’s who economists say would lose their jobs first.

The Federal Reserve stepped up its fight against inflation this week, instituting a major rate hike and saying more are likely to follow. These measures will lead to an increase in the number of unemployed Americans by the end of next year, the central bank said. The Fed has offered a series of aggressive interest …

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Pandemic unemployment benefit fraud could reach $45 billion, federal watchdog says

Pandemic unemployment benefit fraud could reach $45 billion, federal watchdog says

The updated figure is a big jump from the $16 billion in potentially fraudulent unemployment payments the bureau cited in a June 2021 alert, which reviewed claims from March to October 2020. Since then, there had an increase in payments tied to social security numbers. of people who filed in multiple states, died, and used …

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US watchdog estimates $45.6 billion in pandemic unemployment fraud

US watchdog estimates $45.6 billion in pandemic unemployment fraud

A federal watchdog found Thursday that fraudsters may have stolen $45.6 billion from the National Unemployment Insurance program during the pandemic, using the Social Security numbers of deceased people and other tactics to deceive and defraud the US government. The new estimate represents a dramatic increase from the roughly $16 billion in potential fraud identified …

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