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progree

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13. 16.3 million unemployed but 32.1 million continuing claims for unemployment benefits

Fri Aug 7, 2020, 08:59 AM

Aug 2020

Washington Post:

The unemployment rate fell to 10.2 percent. The figures are drawn from a weeklong survey that takes place the week of the 12th each month — the middle of July.

Also the middle of July: week ending July 18:

https://www.dol.gov/ui/data.pdf -- released yesterday August 6

The total number of people claiming benefits in all programs for the week ending July 18 was 32,118,678, an increase of 1,302,816 from the previous week. There were 1,707,267 persons claiming benefits in all programs in the comparable week in 2019.

Unemployed http://data.bls.gov/timeseries/LNS13000000
2020: 5892 5787 7140 23078 20985 17750 16338 (in thousands)

So, wait, what? 32.1 million are claiming benefits (some media reports say "collecting benefits" ), but only 16.3 million are unemployed per the BLS LNS13000000

To be counted as unemployed by the BLS, one has had to have actively sought work in the past 4 weeks and be ready and willing to take a job.

Will be interesting if the fucking worthless media ever tackles this one.

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Nonfarm payroll employment rises by 1.8 million in July; unemployment rate falls to 10.2% [View all] mahatmakanejeeves Aug 2020 OP

LINKS TO SOME BLS DATA SERIES NUMBERS AND GRAPHS progree Aug 2020 #1

As your economic gloom and doom Dawg... maddogesq Aug 2020 #26

Yup, I agree. Today's report is yet another in a series of "horrible but not as horrible as progree Aug 2020 #28

Beat me by a few seconds! BumRushDaShow Aug 2020 #2

Oh, sorry. I was waiting for you, but I didn't see you. Next month.... mahatmakanejeeves Aug 2020 #4

That's 'cause I was trying to see if WaPo had any more than those initial 2 paragraphs BumRushDaShow Aug 2020 #6

Nope. I don't get it ahead of time. I don't see it until 8:30 a.m. NT mahatmakanejeeves Aug 2020 #8

Right but you still had to copy all that for the post! BumRushDaShow Aug 2020 #14

I wish that the BLS would go back to the old way of doing things. mahatmakanejeeves Aug 2020 #18

16.3 million unemployed but 32.1 million continuing claims for unemployment benefits progree Aug 2020 #13

"Will be interesting if the fucking worthless media ever tackles this one." BumRushDaShow Aug 2020 #16

The thing is, the BLS 16.3 million is just a household survey where they ask a question about how progree Aug 2020 #19

From what I gather BumRushDaShow Aug 2020 #22

I'd be relieved to see the DOL tackle this one. mahatmakanejeeves Aug 2020 #21

Links to earlier reports: mahatmakanejeeves Aug 2020 #3

Good news. So much for disincentive to work huh? underpants Aug 2020 #5

Not really. 10% UE is really bad. Yavin4 Aug 2020 #20

Yeah I know. underpants Aug 2020 #23

I'm assuming this throws water on the $600 durablend Aug 2020 #7

Actually no ..... Iliyah Aug 2020 #11

Wait until conditions of accepting government PPP loans have expired... Freethinker65 Aug 2020 #9

Saving the banks and elites by printing money and buying financial assets bucolic_frolic Aug 2020 #10

U.S. adds 1.8 million jobs in July as hiring slows after fresh coronavirus outbreak UpInArms Aug 2020 #12

The U-6 rate only includes those who have looked for work in the past 12 months progree Aug 2020 #15

Forgive me... SergeStorms Aug 2020 #17

One surprising thing is they compare a lot of their stats to the February levels progree Aug 2020 #24

There's no need to search. See the third reply. mahatmakanejeeves Aug 2020 #25

Thanks! Oh, I know, I was searching on "February" in your OP to find all the times they reference progree Aug 2020 #27