My friend's boss...a wealthy multi-millionaire dentist is filling for unemployment in PA.
Seriously. 
EPI estimates that 3.4 million Americans filed new claims for unemployment insurance this past week, which would raise the unemployment rate by 2 percentage points from 3.5% to 5.5%. https://www.epi.org/blog/coronavirus-record-breaking-spike-in-ui-claims/ …pic.twitter.com/8Zihx0D2Tw
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@EconomicPolicy@paulgp@aaronsojourner - am I reading this right that the 2% increase in the unemployment rate is due entirely to UI claims? Since the recipiency rate is between 25 and 30% do we need to actually multiply by three or four to get the total impact on unemployment? -
Sometimes more is going on behind the blog text than is immediately apparent so I just want to make sure I'm understanding things. Granted, I suspect the recipiency rate will increase because the UI system has been so publicized in the last couple weeks, but maybe that's wrong.
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