In the week ending August 22, the advance figure for seasonally adjusted initial claims was 271,000, a decrease of 6,000 from the previous week’s unrevised level of 277,000. The 4-week moving average was 272,500, an increase of 1,000 from the previous week’s unrevised average of 271,500.
Read the full news release.
According to this we have 6,000 less people filing for unemployment even though layoffs are going through the roof.
But how do we prove it?
Let’s do it by using the veterans as an example.
This chart shows how many Veterans are employed.
Notice how in 2015 we are substantially lower than we were in 2006?
This chart shows the number of unemployed Veterans.
Notice how it is substantially lower than it was in 2010 and almost as low as it was in 2006?
Tell me this.
How can we have unemployment at a low and employment at a low?
The only way I can figure it out is that they have quit counting the unemployed which they did during the clinton years.
By unemployed, I mean the long term unemployed.
Ask yourself this question.
What happens when unemployment has expired and they haven’t found a job?