by pinnacle ➕follow (0) 💰tip ignore
Does anyone understand how the unemployment numbers are being calculated?
I keep reading "weekly intial unemployment claims" reports with about 500,000 people filing
claims, yet the "monthly unemployment"Â Â numbers are only around 250,000Â to 600,000.
Wouldn't 500,000 "new claims" per week translate to about 2,000,000 job losses per month?
What am I missing here?
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Does anyone understand how the unemployment numbers are being calculated?
I keep reading "weekly intial unemployment claims" reports with about 500,000 people filing
claims, yet the "monthly unemployment"Â Â numbers are only around 250,000Â to 600,000.
Wouldn't 500,000 "new claims" per week translate to about 2,000,000 job losses per month?
What am I missing here?