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MILLIOS MORE US JOBLESS THAN REPORTED. REAL U.S. UNEMPLOYMENT RATE AT 38%
Stephen Lendman
4-30-20
Based on how it was calculated pre-1990s, Shadowstats economist John Williams has the real US unemployment rate at around 38%, heading higher.
According to the Economic Policy Institute (EPI), “millions” of jobless US workers aren’t getting benefits because applications they filed, or were unable to because of a “buckle(d)” system, weren’t processed.
EPI: “For every 10 people who said they successfully filed for unemployment benefits during the previous four weeks:
Three to four additional people tried to apply but could not get through the system to make,,,,,,