unemployment rate Archives - Page 3 of 5

Job Losses, Bankruptcies & Store Closings At Apocalyptic Levels: US Economic Collapse Rolls On

Jul 10, 2020 | Economic Collapse

Here is what an economic collapse looks like, and it is just getting started… The last four months have been an unending nightmare for the U.S. economy. Businesses are shutting down at a pace that we have never seen before in American history, the “retail...

Close To Half Of All Working Age Adults In The US Do Not Have A Job Right Now

Jun 30, 2020 | Economic Collapse

There is a lot of talk about the “unemployment rate” these days, but the way that it is calculated has become so convoluted that it is not really that meaningful anymore. Even during the so-called “good times”, more than 100 million U.S. adults were not working,...

Nearly Half the U.S. Population is Without a JOB

Jun 29, 2020 | Economic Collapse

The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless. As the induced shutdown tore through the labor market, the share of population employed...

The Employment Situation Is Still A Disaster

Jun 11, 2020 | Economic Collapse

Last Friday, the US Bureau of Labor Statistics released new unemployment data. The report surprised many because it showed a decrease in the unemployment rate, while many observers had expected an increase. According to the official headline (seasonally adjusted)...

Unemployed Americans Are Making More Money Than They Did When Working

Apr 25, 2020 | Economic Collapse

More than 26 million Americans have filed new claims for unemployment benefits in recent weeks, and a lot of them will now be bringing home much more money than they did while they were actually working. Needless to say, this is going to create a perverse incentive...