One hundred twenty thousand Garden State residents, currently collecting federal unemployment insurance benefits, could be cut off at the end of next month because the federal U-I extension program is set to expire December 31st.
The number of people seeking unemployment benefits last week fell by 8,000 to a seasonally adjusted 355,000, a possible sign of a healing job market. But officials cautioned that the figures were distorted by Superstorm Sandy.
Today, the New Jersey Department of Labor and Workforce Development has launched a new initiative to stop fraudsters from depleting New Jersey’s Unemployment Insurance Trust Fund. It’s designed to add another layer of protection to anti-fraud programs that already have saved the fund $153 million within the past 18 months.
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