Take this theory and apply it to the national unemployment numbers: The US Department of Labor estimates our countrywide staff to be 154 Million people; 12. 5M of which they estimate are unemployed. Understand that it’s easy to display screen new claims filed at the unemployment offices around the nation. The way the monitoring works, though, creates a build in lag time as people roll off unemployment, so those numbers are not tracked as accurately, if at all. Those those that file for unemployment repeatedly also are falling into the new claimant statistics.
This doesn’t always get stated in the scoop lately.