by Jim Quinn
HEADLINES: PANDEMIC-DEEPENED RECESSION HAS HAD ITS EMPLOYMENT COLLAPSE AND INITIAL GDP CONTRACTION – April 2020 U.3 Unemployment Rate Really Was 19.5% per Bureau of Labor Statistics, Where the Reported “Headline” 14.7% U.3. Reflected Survey and Classification Errors That Were Disclosed but Not Corrected, for a Second Month /
Headline 14.7% Was the Highest Unemployment Rate in the History of Series (Since 1948) /
April 2020 Payroll Plunge of 20.5 (-20.5) Million Was Worst in the History of the Series (Since 1939)
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