'…a major destabilizing influence'
Something is screwy about unemployment numbers coming out of Washington. In late July, just before the end of the supplemental $600 weekly checks for people collecting unemployment benefits, the New York Times reported that 30 million were receiving those checks. That’s 30 million laid-off workers who qualified for unemployment benefits, which is not everyone …
Continue reading “Screwing with the Unemployment Statistics By Dave Lindorff”
(This story by Dave Lindorff was published initially in FAIR.org) The Bureau of Labor Statistics’ eagerly awaited Friday morning Official Unemployment Rate report for April—what editors generally call the BLS’s “headline” rate of unemployment —was definitely headline-worthy. This was especially evident in the next day’s New York Times (5/9/20), which ran a bar chart of historic unemployment …
Continue reading “US Jobless Rate Broke Depression-Era Record — but Most Media Missed It”