US Jobless Than Reported
By Stephen Lendman
May 01, 2020 "Information
Clearing House" - Based on how
it was calculated pre-1990s, Shadowstats economist John
Williams has the real US unemployment rate at around
38%, heading higher.
to the Economic
Policy Institute (EPI),
“millions” of jobless US workers aren’t getting benefits
because applications they filed, or were unable to
because of a “buckle(d)” system, weren’t processed.
EPI: “For every 10 people who said they successfully
filed for unemployment benefits during the previous four
Three to four additional people tried to apply but
could not get through the system to make a claim.
Two additional people did not try to apply because it
was too difficult to do so.”
This disturbing reality shows that the official US
unemployment rate is way understated.
It’s also evidence that millions of US jobless
workers aren’t getting entitled to benefits.
EPI estimates that up to 13.9 million Americans
haven’t filed for benefits or their applications weren’t
processed because of a clogged system too hard to
“(A)bout half of potential UI (unemployment
insurance) applicants are actually receiving benefits,”