Monday, April 29, 2013

St. Louis Fed Finds $3.3 Billion in Unemployment Insurance Fraud

Who Is Concealing Earnings and Still Collecting Unemployment Benefits?:
The unemployment insurance program in the U.S. offers benefits to workers if they lose their jobs through no fault of their own. In 2011, this program cost $108 billion, of which nearly $3.3 billion was spent on overpayments due to fraud.(1)... 

  ...(1)Fraud data are taken from the Benefit Accuracy Measurement (BAM) program run by the U.S. Department of Labor
Related: DES targets ill-gotten Arizona benefits


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