Number of people who newly lost their work and filed for initial state or federal UI in the week jumped to 1.43 million. A rate of 6 million a month.

During the week, 1.32 million newly-out-of-work people filed for state or federal unemployment insurance. A huge number of job losses. But more people returned to work.

Some people returned to work, but 1.64 million newly-out-of-work people filed for state or federal unemployment insurance. Labor market at essentially the same level of terribleness for months.

I get tired of lazy reporters or lazily programmed bots who don’t read beyond the 2nd paragraph of Labor Department press releases.

Torrent of 2.4 million new claims under state & federal programs. PUA claims by gig workers now 45% of total unemployment. Many people are hired back, but many are newly laid off. Labor market recovery remains hard to discern.

Claims by gig workers under federal PUA program soar, now 44% of total unemployment claims. Where’s the “V-Shaped” recovery of the labor market?

Labor Department today: People on state & federal unemployment insurance jumped to 31.5 million, worst ever.
Bureau of Labor Statistics today: 4.8 million jobs created, unemployment dropped by 3.2 million.
BLS under-reported unemployment by 13.7 million, based on data from the Labor Department. What’s happening is infuriating. Read and cringe.

Had a setback. Over 11 million gig workers on unemployment insurance. But four states, including Florida, still can’t process federal PUA claims.