The figures that were reported Thursday morning aren’t wrong, but they are misleading, RexNutting writes
The headlines this morning say that more people filed for unemployment benefits last week for the first time since March, according to the Labor Department. But the reported increase is merely a statistical mirage.
In the real world, slightly fewer people lost their jobs last week than the week before. The widely anticipated re-weakening in the labor market in reaction to the surge in coronavirus infections isn’t yet showing up in the weekly claims data.For one, the 1.42 million initial claims widely reported by the media don’t include the 975,000 people who filed for federal unemployment benefits under the CARES Act. Furthermore, the 1.
In the real world, the number of people filing initial claims, including claims for federal pandemic benefits, dropped from 2.45 million to 2.35 million in the week ending July 18. A month ago, that figure was 2.34 million. But, as we all know, these are not usual times. The usual seasonal ebbs and flows have been disrupted. For instance, the auto makers did not shut down their factories as they usually do around the Fourth of July. But the data still get seasonally adjusted as if shutdowns did happen.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Palm Springs's Costume Designer Spills On Creating the Perfect Bohemian Bridal Look For Camila MendesIn the wonky new comedy, Palm Springs on Hulu, you'll catch co-stars Andy Sandberg and Cristin Milioti living out the same day on a loop (much like the classic
Weiterlesen »
D.C. May To ‘Look Into’ Trump International Hotel After Trump Seen In Lobby Without MaskTrump was caught on video not wearing a mask at a fundraiser in the lobby of the Washington D.C hotel.
Weiterlesen »
ABC News Readies ‘American Catastrophe,’ A Look At How America Missed Chances to Fight CoronavirusIn his role as ABC News’ Chief White House Correspondent, Jonathan Karl has helped tell the story of the Trump administration’s oversight of the United States. Now he and the news outle…
Weiterlesen »
Britney Spears' former Beverly Hills home is on sale for $6.8 million – look insideIn 2007, Spears bought the Mediterranean Villa for $6.8 million, according to property records, after filing for divorce from ex-husband Kevin Federline. Then, in 2012, she sold it at a loss for $2.1 million.
Weiterlesen »
7 LED Masks That Make You Look Like Hannibal Lecter With The Skin of Jodie FosterThis LED treatment uses red light to smooth out the neck and shoulder area because your neck needs love too.
Weiterlesen »