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US jobless aid programs bilked of up to $135 billion during COVID, watchdog says

Waves of fraudulent claims for unemployment insurance benefits have episodically inflated the volumes of new filings reported each week to the Labor Department by all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, often confounding economists tracking the data for a read on the health of the job market. But a new General Accountability Office report estimates the problem is much bigger: Between $100 billion and $135 billion of the roughly $900 billion in jobless benefits payouts from April 2020 through May 2023 may have been fraudulent. The GAO's fraud estimate is around two times or more higher than the nearly $56 billion it said states themselves have estimated paying in either fraudulent payments or nonfraudulent overpayments between March 2020 and March 2023. ....

Puerto Rico , District Of Columbia , United States , Brent Parton , Dan Burns , Leslie Adler , Labor Department , Accountability Office , General Accountability Office , Pandemic Unemployment Assistance , Coronavirus Aid , Economic Security , Fraudulent Claims , Unemployment Insurance , Jobless Benefits , Questionable Claims , Government Watchdog ,

Pandemic Fraud May Have Robbed Unemployment Insurance of $135 Billion

As much as 15 percent in unemployment benefits paid during the pandemic could have been fraudulently obtained, according to a Government Accountability Office report. ....

Brent Parton , Justice Department , Labor Department , Unemployment Benefits , Us Economy , Coronavirus Covid 19 Pandemic ,