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CBO projects U.S. economy will avoid recession, but unemployment to near 5% next year

U.S. gross domestic product is likely to grow during 2023’s second half, according to new projections released Wednesday by the Congressional Budget Office. U.S. gross domestic product is likely to grow by a 0.4% annual rate during this year’s second half, according to inflation-adjusted projections released Wednesday by the Congressional Budget Office. That would represent…

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State paid at least $5.2 billion in fraudulent or excessive unemployment claims during pandemic, audit finds

The state agency that distributes unemployment benefits paid out more than $5 billion in fraudulent or excessive claims over two years when the COVID-19 pandemic forced businesses to cut back their operations or shut down, The state agency that distributes unemployment benefits paid out more than $5 billion in fraudulent or excessive claims over two…

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