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Title: Another 1.4 Million Americans Apply for Unemployment Benefits Post by: BADecker on August 21, 2020, 03:40:16 PM I wonder how long this will last before something breaks. Even though the system is designed to steal from the people, it had to be built to look good. This is the reason for UI. But the looking good part wasn't built to be prepared for something like this pandemic.
Another 1.4 Million Americans Apply for Unemployment Benefits (http://www.freedomsphoenix.com/Article/289031-2020-08-21-another-1-4-million-americans-apply-for-unemployment-benefits.htm) For an unprecedented 22 straight weeks, over a million working-age Americans filed for unemployment insurance (UI) benefits. Once again, the Bureau of Labor Statistics understated the true number — officially reporting 1.1 million. The actual number was 1.4 million as explained by the Economic Policy Institute (EPI). See below. Based on how US unemployment was calculated pre-1990, the true figure today is 31.2%, not the phony BLS reported 10.2%. EPI explained that 892,000 Americans "applied for regular state unemployment insurance (not seasonally adjusted)" in the latest reporting period. Another 543,000 "applied for Pandemic Unemployment Assistance (PUA)," adding: 8) |