credit, savings, security, taxes
Unemployment Insurance Claims, Identity Theft and State Taxes—Why You Need to Protect Yourself
In 2020, the COVID-19 coronavirus pandemic strongly affected the U.S. economy and the personal livelihoods of millions of Americans. According to the U.S. government’s Bureau of Labor statistics, the unemployment rate in April 2020 increased by 10.3 percentage points to 14.7 percent. This is the highest rate and the largest over-the-month increase in the history of the data going back to January 1948. From March to mid-October 2020, the total number of claims for unemployment insurance was estimated to be approximately 65 million, a new record, and the claims continued to accumulate through December 2020.