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A former state of Illinois subcontractor has been charged with orchestrating a fraud scheme to obtain $4.7 million in unemployment benefits for herself and hundreds of other people at the height of the COVID-19 pandemic by falsifying their pay records.
Author Geoff Curtis joined CBS News Chicago Monday morning to discuss the pressures people face after getting laid off from their jobs and his new book "Embracing Your Own Purgatory" about the experience.
After a stronger than expected May jobs report, despite rising inflation and economic pessimism, the Federal Reserve is unlikely to cut interest rates as President Trump has demanded.
the government has released the October and November jobs reports that were delayed due to the latest government shutdown, and the unemployment hitting 4.6% last month is one troubling headline. CBS News Business Analyst Jill Schlesinger joins Audrina Sinclair and Dana Kozlov.
The unemployment rate in November rose to 4.6%, the highest level since September 2021, according to the jobs report released Tuesday.
Employers across the U.S. added 177,000 jobs in April, a sign the labor market remains healthy despite concerns rising U.S. tariffs.
CBS News business analyst Jill Schlesinger breaks down the report and what it says about federal workers.
The economy added 272,000 workers in May with healthcare taking the lead with new hirings. the number is a bigger than expected increase and up more than 100,000 from the previous month.
The first jobs report of 2024 shows the U.S. economy remains resilient despite the Federal Reserve jacking up interest rates.
Although U.S. unemployment remains near a 50-year low, job losses have surged this month. Here's what tells about the state of the labor market.
"It sucks. I'm only 30, and I've never thought I'd have to file for unemployment."
The industries with the most hiring were government, finance, and hospitality.
With the youth unemployment rate at a 70-year low, this year's crop of new graduates is likely to have an easier time getting hired.
CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
What does this all mean for interest rates and inflation? CBS News’ Willie James Inman has some answers from Washington.
The U.S. job market has remained robust despite the Federal Reserve's concerted push to slow economic growth.
The Inspector General said of the $888 billion paid during the COVID-19 pandemic nationwide, more than 21% was improper.
Illinois taxpayers are on the hook for improperly-paid unemployment benefits to the tune of $28 billion. The Inspector General testified in Washington on Wednesday that of the $888 billion paid during the COVID-19 pandemic, more than 21% was improper.
CBS 2's Tara Molina brought those problems straight to the Illinois Department of Employment Security on Monday.
The biggest gains were made in the Chicago metro area, Rockford, and quad cities.
The biggest gains were made in the Chicago metro area, Rockford, and quad cities - which all saw job growth of nearly 4% or better year over year.
Oversight essentially did not exist in Illinois.
The report says more than $45.6 billion has been stolen in the U.S. – and the State of Illinois still isn’t sharing how much of your tax dollars was misspent. CBS 2's Marissa Perlman reports.
The U.S. Department of Labor wants to know how much of your money was misspent by the State of Illinois, but the Illinois Department of Employment Security isn’t sharing that information. CBS 2's Tara Molina reports.
A new report finds problems with the $25 million system for pandemic unemployment systems that may explain why the state can't calculate fraud.
