People in line for a job fair in Ft. Lauderdale, Fla. (Michael Francis McElroy/ZUMA Press) This morning, the Department of Labor announced that the unemployment rate climbed from 9.5 percent in July to 9.6 percent in August, as economy-wide lack of demand kept businesses from hiring new workers. Some economists expected a worse report, and the August data offers more evidence of a stall-out in the recovery. Image by: Matt Mahurin Share The report indicated that total employment declined by 54,000, with 121,000 jobs lost from the public sector and 67,000 jobs gained in the private sector. The federal government shed workers as the census finished up. The number of long-term unemployed — workers out of a job for more than six months — declined from 6.6 million to 6.2 million. The long-term unemployed make up 42 percent of unemployed persons, down from 44.9 percent in July. Economists feared a worse report — with private-sector job growth beating forecasts by 20 to 50 percent. For the first time since 2007, the unemployment rate improved year-on-year. But the rising unemployment rate remains evidence of a lagging recovery. Stimulus funds are drying up. Joblessness is pervasive, meaning lower sales for companies. Business owners are concerned about economic conditions, and therefore are loath to hire new workers. Since December, 2009, the private sector has added 763,000 jobs — 95,375 a month — but to keep up with population growth, the United States needs to add about 125,000 positions per month. To return to full employment in five years , the economy needs to add 300,000 a month, every month. The United States has added just 3.4 million net new jobs since January 2000, though the country has grown by 29 million people. In the past few months, the White House has focused on private-sector job creation as evidence of “recovery summer,” though the unemployment rate remains stubbornly high. Some economists inside and out of the administration have declared the jobs trend evidence of the need for new government stimulus to make up for a lack of private demand. Leaving her post as the head of the White House’s Council of Economic Advisers this week, Christina Romer declared the turnaround “insufficient.” The economy “is growing, but not fast enough to create the hundreds of thousands of jobs each month needed to return employment to its pre-crisis level.” “The only surefire ways for policymakers to substantially increase aggregate demand in the short run are for the government to spend more and tax less,” Romer argued. “In my view, we should be moving forward on both fronts.” The White House is reportedly considering new measures to help gin up new jobs in advance of the November elections. But it will likely focus on less-stimulative tax cuts, rather than more-stimulative spending measures. (The most effective forms of stimulus are food stamps and unemployment benefits, which go directly to the neediest citizens and are spent almost entirely, immediately.) Senate Republicans and Sen. Ben Nelson (D-Neb.) have indicated they will support no additional stimulus funds. However, Republicans have said they support tax breaks, and even might not require spending offsets. Recently, Republicans such as Sens. Jon Kyl (Texas) and Mitch McConnell (R-Ky.), the minority leader, have argued that spending increases, but not tax cuts, need to be offset with spending cuts. The administration is reportedly considering pushing for a payroll tax holiday. The tax cut would be temporary, to encourage businesses to hire quickly to take advantage. The Congressional Budget Office this winter found payroll tax holidays to be among the more effective tax cuts in creating jobs and aiding the economy. According to the CBO, a payroll tax cut is about 25 to 33 percent more stimulative than providing a refundable tax credit for lower- and middle-income households, for instance. And the economy is in need of more aid to help restart the recovery, with the jobs report containing broad evidence of a stall out. The number of unemployed persons — workers without a job, but actively seeking a new one — increased from 14.6 million to 14.9 million. The number of workers employed part-time who want to work full time increased by more than 330,000 over the course of the month. The sustained, high rate of joblessness is also suppressing wages for working Americans. Most of the job growth since the recession ended has come not from middle-class or well-salaried positions, but in jobs like home health aide that often come with about $9 an hour and no benefits. “[T]he damaging effects of high unemployment are not just felt by the workers (and the families of workers) who have lost jobs,” Lawrence Mishel and Heidi Shierholz of the Economic Policy Institute wrote this week. “Workers who have kept their jobs or found new work during this downturn have also suffered from a broad-based collapse of wage growth over the last two years. And with unemployment expected to remain elevated for many years to come, we do not expect the suppression of wage growth to ease anytime soon.”

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Unemployment Rate Rises to 9.6 Percent

Get Business Alerts Huffington Post (blog) I have been trying to alert the public to the great Social Security scam ever since I first discovered it more than a decade ago. … and more

Los Angeles Times Man accused of fraud may get life in prison under California's three-strikes law Los Angeles Times Instead, his Buena Park real estate investment company, called Trusperity, sought to help people in financial distress, McKesson said. …

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Man accused of fraud may get life in prison under California’s three-strikes law – Los Angeles Times

NewswireToday (newswire) – 08/31/2010 London, United Kingdom – Specialist restructuring, recovery and insolvency firm, FRP Advisory LLP, discusses HMRC’s Business Payment Support Service, or TTP scheme

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FRP Advisory Reviews HMRC’s Time to Pay Scheme

More scam artists targeting the elderly Eagle Tribune The Better Business Bureau also warns about Medicare scams and fake investment and work from home opportunities. For more information on how to stay safe …

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More scam artists targeting the elderly – Eagle Tribune

Fake Check Scam Targets Boston University Better Business Bureau This is a common scam that revolves around an official-looking check . The victim is asked to deposit the fraudulent check and then wire transfer the amount …

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Fake Check Scam Targets Boston University – Better Business Bureau

Cook: 25 years for mega scam Minneapolis Star Tribune Some of his investment came from a loan against his fourth-generation farm, she said, and he's having trouble keeping up the payments. … and more

Behind alleged investment scam , an unusual worldview TriCities.com Members can earn up to a 30 percent return on their investment in 30 days – the club's signature conceit. “We designed this club for the general investor to …

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Behind alleged investment scam, an unusual worldview – TriCities.com

Use care with online sales transactions Victoria Advocate I had a call a couple of days ago from a lady that was almost a victim of a counterfeit check scam . She had listed her above ground swimming …

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Use care with online sales transactions – Victoria Advocate

Ky. man convicted in oil scam settles with SEC BusinessWeek A Kentucky man serving time in federal prison for heading an oil investment scam has reached a $15.4 million settlement with the … and more

Kentucky man serving time for oil scam settles with SEC in second scheme, owes … CanadianBusiness.com (AP) – A Kentucky man serving time in federal prison for heading an oil investment scam has reached a $15.4 million settlement with the Securities and … and more

Bail hearing postponed for NJ man accused of fraud BusinessWeek Weinstein's attorney has said his client is innocent and that the charges are from disgruntled former partners who are already suing him over investment … Bail hearing is postponed for Lakewood developer charged in $200M scam The Star-Ledger – NJ.com all 14 news articles

Staying ahead of the scams msnbc.com The urge to do it NOW is always the sign of a scam . • Check the credentials of any company on the other end with the local Better Business Bureau at BBB.org …

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Staying ahead of the scams – msnbc.com

Austin American-Statesman Texas authorities see rising investment scams in a soft economy Austin American-Statesman Securities fraud is bigger than ever, state officials say, as tough economic times have prompted people to seek new investment opportunities. …

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Texas authorities see rising investment scams in a soft economy – Austin American-Statesman

Selah police investigate check -cashing scam Yakima Herald-Republic SELAH — Selah police are investigating a check -cashing scam that may have been led by suspects from California. A check -cashing business in Selah was hit …

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Selah police investigate check-cashing scam – Yakima Herald-Republic

Ex-SunTrust officer guilty in fraud Triangle Business Journal Ferguson used a check that the customer provided to reduce the balance on the account to zero, but she did not close the account. … and more

High-rolling scammer must play poker to avoid prison Marketplace (blog) Albuquerque scam artist Samuel McMaster, Jr. received an unusual punishment for his 177 counts of investment fraud . As he used the swindled $400000 to … and more

Scam targets Medicare recipients Ironton Tribune Check a company's reputation by contacting the Ohio Attorney General's office and the Better Business Bureau before doing business with them. … and more

health card scam stopped by OFT BBC News “People seeking to obtain government funded services such as an EHIC should check carefully that they are using an official government website. … and more

Sounds too good to be true? It probably is Los Angeles Times The beauty of the scam is that the victim still thinks she's coming out ahead because she doesn't have to wire back the entire amount of the check . …

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Sounds too good to be true? It probably is – Los Angeles Times

Business Buzz: Opportunities await at job fair FayObserver.com Among the scams , according to the office: Green schemes: Investment opportunities tied to the development of new energy-efficient “green” technologies are … and more

Top 10 investor traps named by the Alabama Securities Commission al.com (blog) The lingering economic downturn and a growing number of folks looking to make a quick buck have made more Alabamians more vulnerable to investment scams , …

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Top 10 investor traps named by the Alabama Securities Commission – al.com (blog)

Yesterday, Sen. Debbie Stabenow (D-Mich.) introduced a bill to provide extra weeks of federally paid-for unemployment insurance benefits for the 99ers — the pool of 1.4 million Americans workers who have exhausted their maximum weeks of federal and state benefits. The Americans Want to Work Act brings the maximum number of weeks to 119 in states with unemployment rates above 7.5 percent, meaning 34 states and the District of Columbia would currently qualify. (As of now, the states with unemployment rates over 8 percent qualify for the federal extension.) It also bolsters a tax credit for companies that hire workers who have been unemployed for more than two months. Democratic Sens. Sherrod Brown (Ohio), Bob Casey (Pa.), Chris Dodd (Conn.), Dick Durbin (Ill.), Carl Levin (Mich.), Jack Reed (R.I.), Harry Reid (Nev.), Chuck Schumer (N.Y.) and Sheldon Whitehouse (R.I.) are cosponsors. “Across our state, more than 35,000 people who have lost their jobs have also exhausted their unemployment insurance benefits. I know that these men and women want to work and have been trying their best to find jobs in this difficult economy,” Stabenow said in a statement. “My legislation cuts taxes for businesses that hire new workers who have been looking for work the longest. My bill also provides 20 more weeks of unemployment insurance to people in states like ours with the highest number of people out of work.” The Tier V bill will prove popular among many, particularly the 99ers and the unemployed. But it will face a real uphill battle in the Senate. First, it needs the approval of the Senate Finance Committee, headed by Sen. Max Baucus (D-Mont.). He has previously voiced opposition to Tier V. “You can’t go on forever,” he told Bloomberg News in April. “I think 99 weeks is sufficient.” If the bill makes it out of committee, a process that can take weeks, it will need to get through a Senate allergic to deficit spending and increasingly recalcitrant on expanding programs for the jobless. Virtually all Republicans as well as Sen. Ben Nelson (D-Neb.) have indicated they will not vote for any expansion that increases the deficit. The full text of Stabenow’s bill has not yet been released, nor has the Congressional Budget Office scored it. But Stabenow’s release did not indicate the bill is offset, and cuts are increasingly hard to find. (This week, the Senate trimmed a food stamp extension to pay for a state-aid bill to keep up Medicaid funding and to save teachers’ jobs.) Previously, Senate aides have told me that while numerous Senate Democrats support the fifth tier and other programs for the long-term unemployed, they hesitated to bring forward a bill they felt would never pass. The House, rather than expanding weeks of benefits, is looking at measures like expanding the TANF Emergency Contingency Fund. “That was put in place after the recession hit to help states, basically to aid them in subsidizing jobs,” Ed Shelleby, spokesperson for Rep. Jim McDermott, told me . “It has hugely bipartisan support.” Nevertheless, many labor economists feel the government needs to be doing more to help the jobless — and many legislators and Americans agree. Unemployment is worse now than it has been since the Great Depression. And the problem is not the height of the unemployment rate, but the duration of joblessness. Never before have unemployed workers been out of a job for so many weeks — a sign of fierce competition in the labor market, and the slowdown in the recovery. The unemployed, already organized online, have recently joined with labor unions and other groups to lobby the Senate for increased benefits.

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Unemployment Extension Bill for 99ers Would Add Fifth Tier of Benefits

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SEC: Investment scam quickly took in more than $1M BusinessWeek Federal regulators say it was too good to be true: A Detroit-area woman is accused of collecting more than $1 million from investors who were told they … and more

The Fastest Internet Growing Scam OfficialWire (press release) Internet scams also comprise the check scam which might or may not follow the scam letter. If the scam victim reacts to the scammer, they might be advised … Internet Fraud Major Type Of Scam OfficialWire (press release) Make An Action, Report Nigerian Scam OfficialWire (press release) Prosecuting Attorney Warns of Internet Scam WSAZ-TV Explorer News all 8 news articles

Internet Fraud Major Type Of Scam OfficialWire (press release) Internet scams also comprise the check scam which may or may not follow the scam letter. If the scam victims react to the scammer, they might be told that … The Fastest Internet Growing Scam OfficialWire (press release) Make An Action, Report Nigerian Scam OfficialWire (press release) Prosecuting Attorney Warns of Internet Scam WSAZ-TV Explorer News all 10 news articles

Lacey gets 10-year sentence for Ponzi scheme Richmond Times Dispatch Donald C. Lacey, 42, ran a real estate investment scam in the Richmond area involving more than 70 investors and $10 million. … and more

Check scam costs book-buyers hundreds of dollars Business Clarksville A second case of “Buyer Beware” has hit Clarksville. Little did three woman know that the items they purchased from a book vendor would cost them so much. …

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Check scam costs book-buyers hundreds of dollars – Business Clarksville

Got flood damage? Watch out for home repair scams Chicago Sun-Times The Better Business Bureau of Chicago and northern Illinois notes scam artists are often quick to take advantage of people when natural disasters occur. … and more

The Better Business Bureau of Northwest Indiana is warning consumers nationwide of a travel scam promising free airline tickets in exchange for a presentation on a questionable timeshare. The scam surfaced in …

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Beware offer of free airline tickets for Outrigger timeshares – Walletpop.com

British prisoner 'ran Dh5m fraud from Dubai jail' National The fraud allegedly involved fictitious investments in gold coins, metals and overseas property. The complaint, filed by a British businessman, Raphael Nasr …

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British prisoner ‘ran Dh5m fraud from Dubai jail’ – National

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'Work-at-home' scam snared Elgin mom The Courier News They said the company was legit, and we could even check it out with the Better Business Bureau,” Perez said. The job seemed simple. … and more

Ombud tells Garek broker to cough up R320 000 Business Report One of the main brokers and agents for the alleged Garek investment scam , Andre van der Merwe, has been ordered by the Fais Ombud to pay a …

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Ombud tells Garek broker to cough up R320 000 – Business Report

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ColdBee (blog) Identity theft scam could create credit card debt for power company's customers Debtmerica Relief (blog) Often, they say the reason for the problem is the customer's last check did not include a signature. “These calls are in no way associated with our company, … Utah electric utility warning of credit card fraud BusinessWeek Rocky Mountain Power warns of credit card fraud KSL-TV all 16 news articles

KSL-TV Utah electric utility warning of credit card fraud BusinessWeek Sometimes they tell people they forgot to sign a check . The callers are asking for credit card numbers to satisfy bills. Rocky Mountain Power says it … Rocky Mountain Power warns of credit card fraud KSL-TV all 14 news articles

The Hindu CBI waits as Nims comforts Raju Times of India HYDERABAD: The Central Bureau of Investigation (CBI) probing the Rs 7000 crore Satyam scam is not likely to get its hands on Ramalinga Raju anytime soon. … Ramalinga Raju gets bail BloombergUTV all 33 news articles

Rocky Mountain Power tells bill payers not to give up credit card numbers CanadianBusiness.com SALT LAKE CITY (AP) – Rocky Mountain Power says scam artists are tricking its customers to reveal their credit card accounts. The utility says its Utah … and more

Stuff.co.nz Fraud levels soar Stuff.co.nz But when ranked by value, the top five were: fraudulent loans ($51m), accounting fraud ($9m), investment scam ($7m), false invoicing ($3 million) and tax …

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Fraud levels soar – Stuff.co.nz

Newsweek Who's Making Money From the Oil Spill? Newsweek Here are some of the ways entrepreneurs, businesspeople, and even potential scam artists have approached the disaster. Companies that specialize in oil … and more

Scams In Online Business OfficialWire (press release) All you have to do to get to live like them is to make a small investment , and then you will get the tools you need to live life beyond your wildest dreams. … and more

Amazon.com scam e-mail Evansville Courier & Press The e-mail has an order number on it, a total price and a link to click on to check out your order. A BBB employee received the e-mail Friday morning. … Amazon e-mails may be bogus and threat according to business bureau Louisville Courier-Journal all 5 news articles

Online tools gauge investor risk Danbury News Times And known victims of investment fraud are 50 percent more likely to work with a salesperson recommended by a friend than are non-victims. … and more

State warns of possible get rich quick scam WEAU-TV 13 … and the Wisconsin Consumer Protection Department says there are financial risks often associated with this type of seminar and business investment . … and more

Nonprofit eagle group in Ponzi bankruptcy fight BusinessWeek … East Tennessee group that repopulates the eagle population says it will fight a bankruptcy filing from the investment scam that seeks another $814000. … and more

Scams : A Sucker Retires Every Minute BusinessWeek That means more than 7.3 million seniors have been taken advantage of financially through inappropriate investments , high fees, or fraud , which insurer … and more

Law enforcement agencies warn against door-to-door scam artists The Coloradoan Anyone considering having work done at their home should first check with the Better Business Bureau, ask for recommendations or references and get … and more

State Police investigating payroll check scam in area Houghton Lake resorter State Police at Houghton Lake are investigating a scam involving the cashing of bogus payroll checks at a number of area businesses recently. …

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State Police investigating payroll check scam in area – Houghton Lake resorter

Home improvement tops BBB scam list The Olympian Check the license of any company with whom you want to do business. All Western Washington contractors approved to modify or alter structures must have a … and more

Don’t expect to see Harry Reid break up immigration reform into small pieces — at least not if one of those pieces is an expansion of the E-Verify program . The Senate majority leader told a Nevada news station yesterday that he stands behind his decision to block 2009 legislation that would have made the employment eligibility verification program a requirement for construction companies. “We need to do comprehensive immigration reform,” Reid said. “We cannot do it piecemeal.” Reid has gotten some flack for the statements against E-Verify, which critics say show a lack of support for legal Nevadans whose jobs may being taken by undocumented workers. (Illegal immigrants make up about 10 percent of the Nevada work force.) But there is some merit to the claim that expanding E-Verify would be problematic if it’s not part of a larger reform effort. When the Congressional Budget Office looked into the failed SAVE Act of 2007, it found a high cost to expanding E-Verify. The CBO said the bill would: Decrease federal revenues by $17.3 billion over the 2009-2018 period. The decrease largely reflects the judgment that mandatory verification of employment eligibility through the E-Verify system would result in an increase in the number of undocumented workers being paid outside the tax system. In particular, JCT anticipates that some employers currently withholding income and employment taxes from the wages of undocumented workers and reporting these amounts to the Internal Revenue Service through the use of an Individual Tax Identification Number (ITIN) or other employee identification number would no longer withhold or report such taxes. The revenue problem could perhaps be countered by putting more Americans back into the work force. But without additional measures to keep businesses from working around the system and employing undocumented workers, an expansion of E-Verify could be a costly move.

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Reid Doesn’t Want ‘Piecemeal’ Immigration Reform

Impeached People On Business Tax Fraud OfficialWire (press release) You certainly don't want to be the victim of a scam . Report scams in www.Scamchecker.com and help other to prevent this people and scams. Check … and more