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85310 Helge Larsen/PI-redaktør 23/7 2020 21:00
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"Media Continues to Misreport Unemployment: 31.8 Million People on State & Federal Unemployment Insurance. Week 18 of U.S. Labor Market Collapse


by Wolf Richter • Jul 23, 2020

I get tired of reporters or bots who don't read beyond the 2nd paragraph of Labor Department press releases. 2.35 million initial state and federal unemployment claims. PUA claims (gig workers) now 41% of total unemployment. 20% of labor force on unemployment insurance.
By Wolf Richter for WOLF STREET.

It just doesn't let up. An astounding number of newly laid-off workers keeps filing for unemployment benefits week after week and pile on top of the people already unemployed. And the number of people who started working again isn't big enough to make a visible dent in the curve.

In the week ended July 18, the total number of people who continued to claim unemployment compensation under all state and federal unemployment insurance programs, including gig workers and contract workers, edged down to 31.8 million (not seasonally adjusted), as reported by the Department of Labor this morning. It was the third highest level ever and just a tad off the peak.....

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https://wolfstreet.com/2020/07/23/media-continues-to-..




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