Sarah Chaney Cambon

speaker

542 appearances 17 recordings 1 series first heard Sep 2017 last heard Feb 2023

Sarah Chaney Cambon’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Unemployment Fraud Rises as Claims Hit Record Levels · 4 Jun 2020 podcast

And so that's one reason that states are more vulnerable to fraud, just the massive number of claims. matched

And then another is tied to the fact that there was a federal stimulus bill passed during the pandemic that created a new program that states had to implement for independent contractors and gig economy employees who typically are not eligible for unemployment benefits. matched

And basically, according to the inspector general to the Labor Department, this new system has created vulnerabilities. matched

The unemployment benefit process requires in normal times that states send a letter to an employer of an unemployment benefit applicant verifying that what that applicant said was true. matched

But given the pandemic and the number of claims, Oklahoma suspended this employer notification requirement to help speed up the delivery of payments. matched

We know of at least one other state that has done this. matched

The Secret Service issued a memo last month outlining that they suspected a Nigerian fraud ring was targeting state unemployment systems. matched

And they highlighted Washington state as the hardest hit and then noted that there were several other states where there was evidence that unemployment fraud had been occurring. matched

The Secret Service memo also said that hundreds, if not thousands, of mules, which are basically intermediaries that help launder stolen money out of the country, appeared to be behind the fraud scheme, in some cases unknowingly. matched

Unemployment fraud is not new. matched

In fact, the Labor Department publishes data related to fraud, and in 2019 estimated that about 3% of unemployment payments were fraudulent. matched

What we're seeing now, though, is that there is an increase, at least in the number of fraudulent cases. matched

It's unclear how much that rate has gone up, though. matched

Thanks so much for having me. matched

WSJ Your Money Briefing · Coronavirus: Why Women Have Suffered More Unemployment Than Men · 15 May 2020 podcast

labor force participation among married women normally increases during recessions because women who were out of the labor force tend to enter the workforce to help supplement their husband or male partner's lost income. voice-verified

But that likely will not happen during this economic crisis because the hit to predominantly female jobs has been so extreme. voice-verified

At the end of last year, women had overtaken men as the majority of all U.S. voice-verified

payrolls, but that sharply reversed due to the coronavirus pandemic. voice-verified

April job losses were really steep in industries where women account for more than half of all workers. voice-verified

That includes things like education and healthcare. voice-verified

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