By Tyler Durden | 18 September 2020
ZERO HEDGE — The last few weeks have seen improvements in jobless claims data stall at extremely high levels, gravely disappointing those expecting a continued v-shaped recovery back to the old normal…
The leading ‘culprit’ for these elevated levels of unemployment benefits seekers has been California.
The last two weeks have seen Cali claims far above other states…
And at an aggregate level, the biggest driver of composite jobless claims levels across America has been the Pandemic Unemployment Assistance (PUA) – a federal relief program intended for self-employed workers and independent contractors…
So, what is going on?
The answer is simple: It’s fraud! […]
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