Monday, March 30, 2020

Last week's unemployment claims explained

Last Thursday, 
March 26, 
we found out that
3.283 million people 
had filed U.S. initial 
unemployment claims 
( in the week ended 
March 21, 2020 ). 








Companies that 
laid off people 
BEFORE virus
lockdowns 
were included.

But many people
out of work,
were not included.

And people 
whose hours
were cut 
were not 
included.

People who own
small businesses
were not included.


On March 17, the five 
largest San Francisco 
Bay Area counties were
the first major region 
in the US to go into 
a "lockdown". 

The State of California 
followed with a full state
lockdown on March 20, 
just before the March 21 
deadline for the initial 
claims count
reported last
Thursday.

Other states 
followed with 
lockdowns 
AFTER 
the initial claims
reporting week 
had ended.



Hardest hit last week were:
    Health care & social assistance services;
    Arts, entertainment and recreation;
    Transportation and warehousing;
    Manufacturing industries.



The huge number 
of unemployment claims
last week caused several 
state websites for 
unemployment claims 
to crash intermittently, 
delaying the claims. 

Those crashes probably 
pushed some claims 
into the next week 
( ending March 27 ),
to be reported 
Thursday morning.

States with intermittent 
crashes of their websites 
reportedly included 
New York, Oregon, 
Colorado, Kentucky, 
and others.




MANY  OF  THE  
UNEMPLOYED  
AMERICANS 
ARE  NOT  
COUNTED !
The "gig workers"
( contract workers )
and the self-employed,
can't file unemployment
claims.

Such as:

Tech contract workers 
whose projects 
have been put on hold. 

Instructors, coaches 
and consultants 
of all kinds.

Musicians facing 
closed bars, 
restaurants, 
and clubs.

Uber and Lyft drivers
with little business.

Vacation-rental 
entrepreneurs with 
some units on Airbnb,
that no one is booking.



Under provisions 
in the stimulus bill, 
some of these people
may become eligible 
to file for some kind
of compensation. 

I don't know
the details 

right now.

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