Jobless news and trends

Fraud Played ‘Significant’ Role in $163B Leak from Pandemic-Era Unemployment System
Security & Fraud // May 27, 2022

Fraudsters bilked about $163 billion from the unemployment system during the COVID-19 pandemic, according to the semiannual report to Congress by the Office of Inspector General for the U.S. Department of Labor covering the six months between Oct. 1, 2021, and March 31, 2022. Get...

US Labor Dept. Says a Record 4.3 Million Quit Jobs in August
Economy // October 12, 2021

People are quitting their jobs in record numbers, led by the restaurant, bar and retail sectors, according to the Tuesday (Oct. 12) Job Openings and Labor Turnover Survey (JOLTS) report by the Bureau of Labor Statistics. Get the Full Story Complete the form to unlock...

Mastercard: Global Economic Outlook Depends On Multi-Speed Recovery
Economy // December 14, 2020

In some ways, there was only one global story that mattered this year. The pandemic was the common element in every economic look back or for that matter, any look forward. But regardless of what country is being discussed, there were some common themes this...

The Big U.S. GDP Crash Reverses Economic Growth Of Last 11 Years
Economy // July 30, 2020

“Worst quarter ever.” It sounds like a bit of hyperbole, but that’s an accurate description of the quarter that started in March and ended in June as COVID-19 was raging. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Interviews & Exclusives
Mastercard: Global Economic Outlook Depends On Multi-Speed Recovery

December 14, 2020
In some ways, there was only one global story that mattered this year. The pandemic was the common element in every economic look back or for that matter, any look forward. But regardless of what country is being discussed, there were some common themes this year within the pandemic. That theme has been called the […]

Quick Reads
Jobless Claims Decline by 2,000 as Labor Market Remains Resilient

March 13, 2025
Jobless claims were little changed last week, dropping by 2,000, with analysts saying the labor market remains resilient. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you […]

Fraud Played ‘Significant’ Role in $163B Leak from Pandemic-Era Unemployment System

May 27, 2022
Fraudsters bilked about $163 billion from the unemployment system during the COVID-19 pandemic, according to the semiannual report to Congress by the Office of Inspector General for the U.S. Department...

US Labor Dept. Says a Record 4.3 Million Quit Jobs in August

October 12, 2021
People are quitting their jobs in record numbers, led by the restaurant, bar and retail sectors, according to the Tuesday (Oct. 12) Job Openings and Labor Turnover Survey (JOLTS) report...

Jobless Rate Could Drop To 7 Pct By Year’s End, Fed’s Bullard Says

July 09, 2020
St. Louis Federal Reserve President James Bullard put in a vote of confidence for the U.S. economy on Wednesday (July 8), saying that the unemployment rate could fall as low...