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Out of Prison for Sex Trafficking, RI Man Started COVID Unemployment Scam
A man under federal supervision after being imprisoned for sex trafficking participated in a COVID unemployment scheme across the country, federal prosecutors in Rhode Island said Wednesday. Mackenzy Scott, a 26-year-old from Providence, pleaded guilty in federal court Wednesday to charges of wire fraud, conspiracy to commit wire fraud, stealing government money and identity theft, according to the U.S....
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Unemployment Rate Falls to 3.5% in September, Payrolls Rise by 263,000 as Job Market Stays Strong
Nonfarm payrolls in September increased 263,000 for the month, compared to the Dow Jones estimate of 275,000. The unemployment rate was 3.5%.
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Fewer Americans Filed for Jobless Benefits Last Week
Slightly fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy.
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Federal Reserve Raises Interest Rate by 0.75% in Bid to Curb Inflation
The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.
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US Employers Added a Solid 372,000 Jobs in June in Sign of Resilience
America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases
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The Future of the Workplace in Massachusetts
Unemployment in Massachusetts currently sits at 3.9 percent. What else might that mean for hybrid workers, and the potential for a four-day work week?
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What's the Future of Hybrid Work in Massachusetts?
Experts say the pandemic has forever changed the workforce. Right now, employees have the edge in deciding how they work. In Massachusetts, the state’s unemployment rate is currently 3.9%. Companies are still dealing with the great resignation, and right now businesses and workers are trying to navigate a new office world. “I would definitely try to argue for more of…
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US Added 428,000 Jobs in April Despite Surging Inflation
America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Last month’s hiring kept the unemployment rate at 3.6%, just above the lowest level in a half-century. Employers have added at least 400,000 jobs for 12 straight months. Still,...
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MA Offers New Relief to Those Who Received Unemployment Overpayments
Massachusetts has announced it will offer forms of relief to tens of thousands of people who were told they would have to pay back the unemployment benefits they received during the pandemic due to overpayments. Many who received such overpayments will now be eligible for a waiver to avoid paying back the funds. At the start of the pandemic, the…
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Who May Still Be Eligible for $1,400 Stimulus Checks With Their 2021 Tax Returns
Most of the third round of stimulus checks has been sent. But if you never received a payment or your circumstances have changed, you may be eligible for money.
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Weekly Jobless Claims Total 214,000, Better Than Expected for Tight Labor Market
Initial filings for unemployment insurance totaled 214,000 for the week ended March 12, better than the Dow Jones estimate for 220,000
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Covid Pushed Nearly 5 Million More in Southeast Asia Into Extreme Poverty, Says Asian Development Bank
Covid-19 pushed 4.7 million people in Southeast Asia into extreme poverty last year and erased 9.3 million jobs, the Asian Development Bank said.
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Two Years Ago Stocks Dropped 12% in a Single Day. Here Are Lessons Investors Learned That Can Still Apply
The initial onset of Covid-19 sent shocks through U.S. markets in 2020. Here’s what investors can still take from that experience today.
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Coalition of Start-Up Founders and Investors Aims to End the Gender Pay Gap for Pre-IPO Companies by 2027
Members pledge to reduce gender pay gaps by 60% in the group’s first year of operation.
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5 Charts Show the Stages of Global Economic Recovery Since Covid Hit
Two years after the WHO declared Covid a pandemic, here are five charts that show much — or how little — the world has recovered.
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How the Broadway ‘Tina Turner' Star Navigated the Pandemic and Is Now Helping Other Women Achieve Their Goals
Nkeki Obi-Melekwe, the star of Broadway’s “Tina: The Tina Turner Musical,” found new ways to make money and tap into her creative energy during the pandemic.
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Big Raises May Be Coming Back Down to Earth
Wages grew by $0.01 an hour in February relative to January, a marked slowdown from recent months as employers aren’t competing as readily for talent.
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U.S. Unemployment Rate Falls in February, But Ticks Up for Black Women
The U.S. unemployment rate overall fell in February, but rose for Black women, who have been disproportionately affected during the pandemic.
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Here's Where the Jobs Are — in One Chart
Strong hiring in the leisure and hospitality, health-care and business services sectors helped job growth surge in February 2022.
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Fewer Americans Apply for Unemployment Benefits Last Week
Fewer Americans applied for unemployment benefits last week reflecting a low level of layoffs across the economy