This is the cooked number, isn’t it? Where do we see the real deal?
My guess is that the "real" number is closer to 14%.
Yeah that’s a cooked number. Real unemployment is around 16% I believe, although it’s virtually impossible to find a media outlet that reports this.
And yet, the stock market is reacting as if this is good news.
I fear we’re looking at a vicious pump & dump about to happen. There is nothing rational to support the market, and with our government’s fiscal behavior, a real recovery is impossible.
We simply cannot return to previous levels of pulled-forward consumption based on debt spending. It’s simply impossible, so I cannot comprehend how people are talking about a “recovery”.
That's what I was thinking. This is for "claims." What about the self employed?
No cooked numbers, just an error of ommission, i.e. nobody's asking how many jobs were created in the same time period.