magnifying glass focuses on word fraud in red on balance sheet with calculator nearby This past year saw unprecedented levels of unemployment fraud, both in terms of the number of claims filed and the sophisticated, coordinated attempts of criminals to target the system. (Photo: Shutterstock)

With Americans filing claims for unemployment benefits in record numbers, unemployment insurance fraud in the U.S. has reached dramatic levels during the COVID-19 pandemic. The Labor Department inspector general's office estimates more than $63 billion has been paid out improperly through fraud or errors since March 2020. Not only can unemployment fraud result in a loss for the victim, but it may also increase employer contribution rates.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.