bpiper
Well-Known Member
Unemployment has been dropping continuously since the high from March/April of last year. The unemployment rate now is only about one and a half percentage points higher from before the pandemic.
Unemployment went down *a lot* even when people were getting a Federal boost of $600. They're still going down, but not as fast with a boost of $300.
These charts don't show a lot of nuance, like how people who were in industries that couldn't operate (like restaurants) found jobs in 'essential services' (like deliveries). But I hope they dispel the idea that there is a new generation of large numbers of ""welfare queens"" living high off of unemployment benefits. The overwhelming majority of people who lost their employment are now working again.
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Do you have any graphs on the Under-Employed rate and the number of people who have stopped looking?
They would give us a complete picture. I would think the stopped looking rate would be high, parents who have to stayed home to supervise children in remote learning.