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mcar

(42,376 posts)
1. We'll see those numbers in next month's unemployment figures
Fri Apr 3, 2020, 03:10 PM
Apr 2020

There is a time lag. And, March's #s will be adjusted accordingly as well.

I've read that some economists are saying that the real unemployment rate is about 9% right now. On May 1st, it'll be even higher.

ret5hd

(20,523 posts)
2. Well, they are using the same calculator that red states use to tally covid cases.
Fri Apr 3, 2020, 03:11 PM
Apr 2020

You know, the calculator that tells you "if you don't count it, it doesn't count!"

Make7

(8,543 posts)
4. The jobs report data was collected in the middle of March, prior to most of the stay-at-home orders.  ( n/t )
Fri Apr 3, 2020, 03:16 PM
Apr 2020
 

Hoyt

(54,770 posts)
6. Seems like it sometimes, but everything is not a scam, conspiracy, stacked against you, or rigged.
Fri Apr 3, 2020, 03:22 PM
Apr 2020

Chainfire

(17,644 posts)
7. I suppose you could be temporarily laid-off
Fri Apr 3, 2020, 03:36 PM
Apr 2020

rather than fired, and that could explain some of the numbers, but I am not sure how they are calculated.

Many of the people who think they will have a job to go back to are going to be unpleasantly surprised. Trump is not going to declare the crisis over and everybody goes back to work the next day, or maybe even the next year. The world economy is not like a light switch.

 

Wellstone ruled

(34,661 posts)
8. Was not the data point the 15 th?
Fri Apr 3, 2020, 04:12 PM
Apr 2020

By the next week,we were seeing 386k new claims,followed by 3.8 million the next week.

Cicada

(4,533 posts)
9. The main payroll report asks for number employed on the 12th of the month
Fri Apr 3, 2020, 04:15 PM
Apr 2020

The quarterly form 941 asks for number employed as of the 12th of each month. I think that is the primary input. March 12 not many had been laid off.

katusha

(809 posts)
10. ahhh, i see
Fri Apr 3, 2020, 04:21 PM
Apr 2020

didn't think anything untoward was happening just knew there was a reason.
do you have any insight or even a guess as to what it will be in total? do you agree with the 47 million i've seen floated?

maisonverte1

(2 posts)
11. 700K job losses but 10M applied for unemployment
Fri Apr 3, 2020, 04:56 PM
Apr 2020

The announcement was 700K companies closed down and 6.6 millions filed for unemployment to date.

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