Home > Off Blog > 9.4 million collecting unemployment, not 6.9 million…

9.4 million collecting unemployment, not 6.9 million…

Created by Mish's Blog: Continuing claims reach record level, but don't include 2.5 million unemployed collecting claims under emergency extended benefits

Created by Mish's Blog: Continuing claims reach record level, but don't include 2.5 million unemployed collecting claims under emergency extended benefits

Definition is everything, according to Mish’s Blog.

What some people might count as among the number of Americans actually collecting unemployment, Washington conveniently fails to count when they publish data on continuing claims – 2.5 million people to be exact:

As noted in Continuing Claims Soar by 159,000 to New Record the record continuing claims number is dramatically understated by over 2.5 million … The continuing claims number that mainsteam media focuses on is 6,883,000 … However, that number ignores extended benefits from the Emergency Unemployment Compensation (EUC) program.

You’re gonna need a bigger boat…

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