12-04-2020, 05:01 PM
(12-04-2020, 04:44 PM)Mick Wrote:(12-04-2020, 04:40 PM)BostonCard Wrote: The unemployment rate drops from 6.9 to 6.7, and there were 245,000 new jobs, which was dramatically less than expected.
https://www.washingtonpost.com/business/...mployment/
BC
Initial unemployment claims was 712,000. So only about 3x the new jobs.
https://www.dol.gov/ui/data.pdf
The total number of people claiming benefits in all programs for the week ending November 14 was 20,163,477, a decrease of 349,633 from the previous week. There were 1,573,485 persons claiming benefits in all programs in the comparable week in 2019.
Unemployment claims for the week ending November 14, 2019: 1,573,485
Unemployment claims for the week ending November 14, 2020: 20,163,477
Is that really right, Mick?
If so, WOW! Are as Belushi might say: "Holy . . .
https://www.youtube.com/watch?v=EtSPFXj_eZM