Relevant:
- Soaring demand for federal jobless benefits points to fresh fissures in the U.S. economy
- Initial Claims Surge Far Higher Than Consensus, 1.2 Million Americans Have Dropped Off Extended Benefits Claim In Past Year
- New jobless claims unexpectedly drop to 639,000
- Jobless claims unexpectedly jump, suggesting stalling pandemic "recovery"
- Unemployment aid is running out for millions: "People are going to become desperate"
2020-05-08 — marketwatch.com
[The headline jobs lost number is] an under-count -- by at least 2.5 million and probably a lot more... States are just starting to report the number of new claims filed by people such as gig workers, freelance writers and independent contractors who previously were ineligible for benefits... Only 23 states reported the number of PUA claims last week and even fewer in the prior three weeks. They continue to lag behind in processing, reporting and paying out claims.
...
What we know for sure is this: At least 30 million people have applied for benefits during the pandemic, but it's probably more like 35 million and still going up.
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