Dan Guild on how an avalanche of new unemployment claims will not only be a human tragedy, but also strain hospital finances and state budgets. -promoted by Laura Belin
We are in the midst of a health crisis, first and foremost. That should not be forgotten, and I will highlight one aspect of that crisis a little later in the piece.
But we are also in the midst of an economic crisis, and despite what you have may read about the stock market, that crisis is being underestimated. Every week the U.S. Bureau of Labor Statistics (BLS) reports how many people filed new claims for unemployment insurance. Those numbers are the closest thing to real-time data that we have about the U.S. labor market.