Ford School of Public Policy: Making Sense of the Complex Unemployment Numbers
July 11, 2020
July 11, 2020
ANN ARBOR, Michigan, July 11 -- The Gerald R. Ford School of Public Policy issued the following news:
On July 2nd, the Labor Department reported that 4.8 million jobs had been added, and unemployment stood at 11% - still higher than it was at the peak of the Great Recession (https://www.pewresearch.org/fact-tank/2020/06/11/unemployment-rose-higher-in-three-months-of-covid-19-than-it-did-in-two-years-of-the-great-recession/) in 2008 -- with 17.8 million Americans still out of work. < . . .
On July 2nd, the Labor Department reported that 4.8 million jobs had been added, and unemployment stood at 11% - still higher than it was at the peak of the Great Recession (https://www.pewresearch.org/fact-tank/2020/06/11/unemployment-rose-higher-in-three-months-of-covid-19-than-it-did-in-two-years-of-the-great-recession/) in 2008 -- with 17.8 million Americans still out of work. < . . .