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Here’s why the real unemployment rate may be higher than reported
The unemployment rate in the U.S. improved last month as millions of people returned to the workforce. But the official 13.3% unemployment rate, while still high relative to any point since the Great Depression in the early 20th century, likely understates the economic damage wrought by the coronavirus pandemic. The real unemployment rate is likely at least 16%, according to the federal government. That would mean roughly 1 in 6 people can’t find work. image The Bureau of Labor Statistics, which published its monthly jobs report Friday morning, admitted the official unemployment rate may be low relative to ... (full story)
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- Jun 6, 2020 5:47am Jun 6, 2020 5:47am
- AnniLi
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- afevir
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Confucius: the man who broke the mountain was the same man who started ...
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- afevir
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Confucius: the man who broke the mountain was the same man who started ...