How can payrolls be held down by Verizon’s striking workers? They’re either striking or they’re unemployed. Which is it?
I suspect a new counting trick in which returning strikers are to be counted as new job hires.
Well, "on strike" is consistent with "not on the payroll this week." That's not inconsistent.
xzins wrote:
How can payrolls be held down by Verizon’s striking workers? They’re either striking or they’re unemployed. Which is it?
Also, some of the stiking workers tried to claim unemployment. Those claims should be denied, but I learned last week that the "new unemployment claims" numbers includes all claims, even claims that are denied. So fraudulent claims from striking Verizon workers apparently may have contributed to "higher than expected" claims last week.
Of course, that could be a complete lie told by the media to explain away some of the bad news, but the reports about that were fairly consistent, and some calls I made tended to support the "initial claims" numbers being reported every week actually do include some claims which are actually denied.