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Demovictory9

(32,449 posts)
Sun Mar 29, 2020, 01:21 PM Mar 2020

State data indicates we're headed for another record unemployment week - doubling/tripling last week

If trump had acted earlier, could some of this hardship have been lessened?

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State data indicates we’re headed for another record unemployment week
From Pennsylvania to Oklahoma, things are getting worse

By Matthew Yglesias@mattyglesiasmatt@vox.com Mar 29, 2020, 9:28am EDT

https://www.vox.com/2020/3/29/21198580/unemployment-insurance-claims-record

Last Thursday, the US Department of Labor reported a record-shattering surge in unemployment insurance claims for the week ending on March 21 as coronavirus concerns caused the economy to move into shutdown mode at a totally unprecedented pace. And while nobody knows for sure what next week’s reports may show, fragmentary evidence available from state level unemployment offices shows little sign that the situation is improving.

Instead of a one-off spurt, last week’s eye-popping initial claims number could be just the leading edge of a larger tsunami that will continue to press forward for several weeks.

Many states are reporting no letdown in claims
The state of Pennsylvania is unusual in producing timely, publicly available, day-by-day statistics on unemployment claims. They show clearly that next week’s data, for Pennsylvania at least, is on track to break last week’s record.

The Pennsylvania data shows the current week’s claims running slightly lower than last week’s claims, but that’s because it only has six days’ worth of claim data for the current week. It’s pretty clear that when Saturday’s numbers are added they’ll smash through last week’s record.

Some other states had even bleaker news, albeit in more anecdotal form. Robin Roberson, the executive director of the Oklahoma Employment Service Commission, predicted to local television reporter Emily Collins that “our record here in the state was set back in 1991 with over 9,000 initial claims in one week; of course last week we almost doubled that ... we will double last weeks again this week.” Colorado officials told Aldo Svaldi of The Denver Post to expect claims to triple in the week that ends on March 28 compared to the March 21 week. New Mexico reported 17,187 initial claims in the week that ended on March 21, and is now already at 32,000 initial claims based on the first four days of last week.

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State data indicates we're headed for another record unemployment week - doubling/tripling last week (Original Post) Demovictory9 Mar 2020 OP
This is expected, and not a surprise. SWBTATTReg Mar 2020 #1
Isn't that classified information? gibraltar72 Mar 2020 #2
Trump asked that states keep it secret. he cant force it. Demovictory9 Mar 2020 #3
No of course not gibraltar72 Mar 2020 #4
oh Demovictory9 Mar 2020 #5
What is happening in real time is, Wellstone ruled Mar 2020 #6
YES !!! Trump's downplaying killed people !! uponit7771 Mar 2020 #7

gibraltar72

(7,503 posts)
4. No of course not
Sun Mar 29, 2020, 01:32 PM
Mar 2020

That was tongue in cheek. Only a maroon would think that could be kept secret. They will try to massage it, but we are in a tailspin.

 

Wellstone ruled

(34,661 posts)
6. What is happening in real time is,
Sun Mar 29, 2020, 01:43 PM
Mar 2020

because of filing on line claims,the States Computer Systems can not handle the massive incoming Unemployment Claims. Their systems are crashing because of outdated low bidder technology.

Mnunchin's 30% is right down the road and barreling towards us.

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