States paid out billions of dollars in pandemic unemployment claims to more than 200,000 applicants whose Social Security numbers indicated they were dead, according to an inspector general’s audit…
Almost 46 Million Americans Have Now Filed for Unemployment Claims Since Lockdowns Began…
Despite the hope-restoring nonfarm payrolls “recovery” and the over-hyped bounce in retail sales (ignoring the lack of ‘V’ in industrial production), in the last week 1.508million more Americans filed for unemployment benefits for the first time (notably worse than the 1.29mm expected). That brings the thirteen-week total to 45.7million, dramatically more than at any period […]
Weekly Jobless Claims Add Another 2.1 Million, Revised First Quarter GDP -5%…
The Dept. of Labor released weekly unemployment data showing an additional 2.1 million workers filed new unemployment compensation claims last week; bringing the total claims to over 40 million since the Wuhan virus mitigation effort shut down the U.S. economy. However, there is some good news within the data. The “continuing claims”, meaning those who […]