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In reply to the discussion: Unemployment rate drops to 13 percent, as the economy began to lose jobs at a slower pace [View all]progree
(10,901 posts)Unemployment insurance claims - https://www.democraticunderground.com/10142507000#post18 .. Week ending May 30: 1.877 M .. 42.65 M claims filed since pandemic beginning. After seeing a decline in the previous weeks report, continuing claims, which lags initial jobless claims data by one week, increased to 21.49 million in the week ending May 23,
article has the weekly claims figures.
Figures above don't include the approximate 8 M who claimed Pandemic Unemployment Assistance, under the CARES Act
BLS's Unemployed: 20.985 M. http://data.bls.gov/timeseries/LNS13000000
Apparently about half those who file claims also find jobs fairly quickly (or get their jobs back). Surprises me, but wouldn't be the first time.
There's this wrinkle: the BLS's unemployed, also the unemployment rate, counts only those who have looked for work in the past 4 weeks (and still out of work) as unemployed (part-timers are also considered employed).
The BLS unemployment numbers are not a count of people claiming or collecting unemployment insurance. Rather they are from a survey of 60,000 households. They do included self-employ / gig / contract workers the same as regular paycheck workers.