USA Unemployment Rate for Apr

    Posted by steve on 8th of May 2020 at 08:27 am

    USA Unemployment Rate for Apr 14.700% vs 16.000% consensus estimate. The prior reading was 4.400%.

    Unemployment # is much higher

    Posted by RichieD on 8th of May 2020 at 09:08 am

    Unemployment # is much higher than that.  People are unable to file.  I know several individuals who have yet to complete the process.  Online enrollment has problems, people cannot complete the application and are required to volume is overwhelming the system...people can't get through.  I know someone who has tried for hours each day throughout April. eventually gets through only to receive a message that the unemployment office has reached it call limit for the day.

    Unfortunately, the numbers are going higher before new claims slow down.


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