The U.S. unemployment rate fell to 13.3 percent in May from 14.7 percent, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy in the wake of the viral pandemic
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UPDATE: Once again, the Labor Department acknowledged making errors in how it classified people as employed and said the real May rate is worse than the numbers indicate.
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Had the mistake been corrected, the unemployment rate would have risen to 16.1 percent in May. But the corrected April figure would have been more than than 19 percent, rather than 14.7 percent.
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Be it job numbers or the effectiveness of a vaccine ...I can’t believe ANYTHING that comes out of this existing administration ..NOT the America I want for another four years
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How about covering this instead of the “stunning” May job numbers. FFS.
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With a workforce count of 160M and 40M filing unemployment over the past 11 weeks combined with millions more who didn't file or were denied, please tell me how the unemployment rate could be anywhere under 20%?
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The unemployment numbers the gov't posts only count people *actively* looking for work as unemployed. It generally considers shift workers doing a couple hours a week as employed. This isn't new, and there are more accurate numbers if you dig
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Here we go. He's taking a victory lap over a manipulated lie. He infects everything.
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