Relevant:
- Soaring demand for federal jobless benefits points to fresh fissures in the U.S. economy
- Unemployment rate jumps to 5.5 percent in May
- Number of the Week: Millions Set to Lose Unemployment Benefits
- Payrolls Plunge By 95K, Unemployment Rate 9.6%, Private Jobs Up 64K, U-6 Shoots Up To 17.1% From 16.7%
- Record job losses follow mortgage debacle
2020-07-08 — wolfstreet.com
No one knows how many jobs were created on net, but it wasn't 4.8 million as the BLS tried to make us believe, or even a smaller positive number, but a negative number, with more jobs being shed on net, because the number of people still receiving unemployment insurance since the end of May has surged by 1.3 million people, according to the Labor Department.
...
Of course, the dire unemployment data released today by the Department of Labor got practically no air time. And the BLS's fake BS trumped, so to speak, all news coverage.
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