As much as 15 percent in unemployment benefits paid during the pandemic could have been fraudulently obtained, according to a Government Accountability Office report.
Category: United States Economy
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Poverty Rate Soared in 2022 as Aid Ended and Prices Rose
The increase in poverty reversed two years of large declines. Median income, adjusted for inflation, fell 2.3 percent to $74,580.
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Bharat Ramamurti, a Senior Biden Aide Who Helped Shape Economic Agenda, Is Leaving
Bharat Ramamurti supported the president’s competition agenda and pushed the administration to do more for student borrowers and salaried workers
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China Is Full of Risk For U.S. Companies
Doing business in China, once seen as a can’t-miss opportunity, poses a troubling dilemma: Reasons to stay can be as compelling as the reasons to retreat.
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$100 Oil? What a Price Spike Could Mean for the Global Economy
Analysts see Brent crude climbing to levels last seen in the first months of the Ukraine war after Saudi Arabia and Russia extended production cuts.
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Wrestling With Inequality, Some Conservatives Redraw Economic Blueprint
A growing number of Republican politicians and theorists are challenging party orthodoxy on pocketbook issues, corporate power and government’s role.
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Investors Feel Anxious Despite Falling Odds of a Recession
Some economists are playing down the chances of an economic downturn. But investors and voters aren’t feeling nearly as optimistic.
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Auto Strike Looms, Threatening to Shut Detroit’s Big 3
With their contract expiring Sept. 14, the United Auto Workers and the companies are far apart in talks. A walkout could take a big economic toll.
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On the Economy, Biden Struggles to Convince Voters of His Success
Wages are up, inflation has slowed and the White House has a new slogan. Still, President Biden’s poor marks on the economy are making Democratic worried.
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Impact of Hollywood Strikes on Jobs Goes Beyond the Strikers
Walkouts by screenwriters and actors have meant less work in fields that cater to the TV and film industry.
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U.S. Added 187,000 Jobs in August and Unemployment Rose to 3.8%
Employers added 187,000 jobs in August and unemployment rose to 3.8 percent as the economy continued to lose momentum built up after pandemic lockdowns.