Small Businesses Face More Fraud in Downturn -WSJ
Cash-squeezed privately held companies are facing another threat in this struggling economy: rising employee fraud.
Employee fraud -- from check-forgery schemes to petty-cash theft -- tends to rise during tough economic times, when workers are feeling financial pressure in their personal lives, experts say. And small companies are especially vulnerable because they often lack stringent internal controls to prevent fraud. Sometimes, managers at affected companies attribute lost funds to lower sales -- never even suspecting
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Initial Jobless Claims at lowest level since Sept, 2008
The broadly watched indicator of initial jobless claims for unemployment for the week ending January 2nd came in at 434,000. The four week moving average is at its lowest level since September of 2008. The highest was 674,000 in March of 2009 which was a 26 year high. Some economists are saying that if this goes much lower, the economy should start adding jobs on a net basis.