Brace for another grim (but maybe not as grim) jobless claims number

Jobless claims are increasing at a rapid pace. Alex Bick, associate professor of economics, shares his research behind the unemployment rates.

Jobless claims are increasing at a rapid pace. Alex Bick, associate professor of economics, shares the data and research behind the unemployment rates.

In this story published April 16, 2020, on Politico:

Two professors, Alex Bick and Adam Blandin, have replicated the employment report for the period March 29-April 4, and they find an unemployment rate of 20.2% in April and a decline in nonfarm payrolls of 24 million jobs. You can prepare all you want. If that kind of number hits, it will still blow us all away.