Add the current 5.7 million unemployed workers and divide by the 165 million people in the labor force, and he got 32% unemployment.
In recent days, as Michael Snyder notes, so many newly unemployed Americans have been trying to file for unemployment benefits that it has been crashing websites all over the country.
Last week, 108,000 workers filed for unemployment benefits in the state of Michigan.
If you can believe it, the number of people filing for unemployment benefits is more than 40 times higher than usual.
In Louisiana alone, 71,000 people filed new unemployment applications last week, compared to the usual 1,400 or 1,500 people per week, said state labor secretary Ava Dejoie.
In California, Governor Gavin Newsom says that a million residents of his state have filed for benefits "Just since March 13".
California Gov. Gavin Newsom said Wednesday that the state has seen 1 million unemployment claims in less than two weeks as the coronavirus pandemic has led to businesses being shut down across the state.
https://www.zerohedge.com/personal-finance/record-xx-million-americans-just-filed-unemployment-benefits
In recent days, as Michael Snyder notes, so many newly unemployed Americans have been trying to file for unemployment benefits that it has been crashing websites all over the country.
Last week, 108,000 workers filed for unemployment benefits in the state of Michigan.
If you can believe it, the number of people filing for unemployment benefits is more than 40 times higher than usual.
In Louisiana alone, 71,000 people filed new unemployment applications last week, compared to the usual 1,400 or 1,500 people per week, said state labor secretary Ava Dejoie.
In California, Governor Gavin Newsom says that a million residents of his state have filed for benefits "Just since March 13".
California Gov. Gavin Newsom said Wednesday that the state has seen 1 million unemployment claims in less than two weeks as the coronavirus pandemic has led to businesses being shut down across the state.
https://www.zerohedge.com/personal-finance/record-xx-million-americans-just-filed-unemployment-benefits
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