While the Establishment Survey did indeed report that 272K “jobs” were added, this number also included multiple job holders; stripping those out, we get that the actual number of “employed” workers plunged by 408K…
Data Quirk Inflates Wuhan Virus Jobless Figures by 3.7M…
Figures for weekly job losses caused by COVID-19 are being inflated by adjustments the government uses in a normal year to smooth out seasonal factors and show broader growth patterns, according to one investment adviser. While Labor Department reports show more than 54 million Americans have filed for first-time unemployment benefits since stay-at-home orders were […]