by pinnacle follow (0)
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?
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?