The theft of more than $44 million in federal funds meant for unemployed Pennsylvanians was thwarted by government agencies and banking institutions, the U.S. Attorney’s office of the Eastern District of Pennsylvania announced on Tuesday.

While many businesses began reopening in June as COVID-19 restrictions were lifted, Pennsylvania’s unemployment rate remained at a high 13%.

A closely watched gauge of layoffs across the U.S. held steady at a historically high level last week, pushing the total during the coronavirus-induced economic crisis to a mind-boggling 51.3 million.

U.S. Sen. Pat Toomey told a room of midstate business leaders that he is cautiously optimistic about the country’s reopening, that he expects a fifth COVID-19 relief bill to pass through the U.S. Senate in the coming weeks and that the bill could feature a provision on liability protection.

Despite encouraging signs that the economy is emerging from the deepest recession in U.S. history, massive COVID-19-related layoffs have continued.

While many businesses have been forced to shut down during the COVID-19 pandemic, there are some industries that are in need of extra staff.

As expected, unemployment claims in Pennsylvania have skyrocketed since the governor began implementing measures to slow the spread of COVID-19.

Pennsylvania’s unemployment rate was the highest it has been all year in November after hitting a record low in April.

Do you remember when banks used to pay a reasonable sum for cash deposits? It may seem like quite a while ago, but money market investments used to yield between 3% and 4% while a 13 month CD could earn you a whopping 4.5% or even 5%.

State unemployment held steady in May at 3.8 percent as nonfarm jobs rose for the sixth straight month.

Pennsylvania’s unemployment rate is at a 43-year-low after 10,000 Pennsylvanians found jobs last month.