Why jobless data will give only partial picture of US economy
The real unemployment rate in the US could be between 25.1% and 34.6%
08 May 2020 - 11:33
San Francisco — The US economy is expected to have shed 22-million jobs in April, tripling the nationwide unemployment rate to 16%, when new government data is published Friday morning.
To put that into perspective, the US economy has never lost more than two-million jobs in a single month. And although the unemployment rate reached 25% in 1933, it got there much more slowly...
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