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To make it sure that I understand it correctly: this is not the total number of unemployed people, but the number of people who became unemployed recently and n
by est31 7y ago
To make it sure that I understand it correctly: this is not the total number of unemployed people, but the number of people who became unemployed recently and now file the forms? Then that number is gigantic, wow.
- johnpowell 7y agoThis is the number of people that filed for unemployment in the last week. A staggering number. Just seven days of data.
- skrowl 7y agoThe USA is home to ~340 million people (many people here illegally aren't counted). Only about 63.4% (~215M) of them work. https://tradingeconomics.com/united-states/labor-force-participation-rate https://tradingeconomics.com/united-states/labor-force-parti...
- qntmfred 7y agoLabor force participation rate does not include children, so the 215M number is actually much lower