Only because the vast majority of claims haven’t been processed yet. Connecticut reports a 5-week backlog.
THIS was the goal. It was never about a virus.
Yea the number was surprisingly low to me anyway. But not sure if that includes the weekly job losses announced yesterday. So it may just really reflect the last couple of weeks when we shut everything down. probably 8-10% next month then. Hopefully we wont get to that 32% the fed was projecting... as painful as this is, its great what Trump has done to strengthened the economy, reduce regulations the last 3 years. Otherwise it would be pretty glum right now.
In Minnesota there have been over 300,000 unemployment claims in the last two weeks.