Whatever it takes to drive the casino indexes upward.

[kpete]

“Media Continues to Misreport Unemployment: 31.8 Million People on State & Federal Unemployment Insurance. Week 18 of U.S. Labor Market Collapse”

If you read this morning or heard on the radio that 16.2 million people were claiming unemployment insurance – the “continued claims” – and you thought that there were only 16.2 million people who claimed unemployment benefits, you fell victim to lazy misreporting in the media, by reporters or bots that didn’t read the Labor Department’s press release beyond the second paragraph.

Those 16.2 million were only the claims under state programs, and do not include the claims under federal programs. All combined, there were 31.8 million people on the unemployment rolls. That’s what the Labor Department reported further down in the press release.

There is a huge difference between 16.2 million and 31.8 million unemployed people

Jul 23, 2020 at 1:00 pm

The ‘reporters’ aren’t being lazy, they are doing as they are ordered. Anything that doesn’t fit the “blue skies and sunshine forever” narrative is to be either buried deep into the articles, or left out. The ‘bots are doing as they are programmed, with the programming incorporating the same directive as that given the reporters. Whatever it takes to drive the casino indexes upward.

All IMO, of course…

from a comment:
https://wolfstreet.com/2020/07/23/media-continues-to-misreport-unemployment-claims-31-8-million-people-on-state-federal-unemployment-insurance-week-18-of-u-s-labor-market-collapse/#comments

[underpants]

1. Definitely need a payroll tax cut

That’ll help

[Wellstone ruled]

2. Great catch.

Then there are all the Gig workers whom qualify for zero Benefits. Here in Nevada the number was 120k and a program was put in place to help some,60k or so. Those were paid via the six hundred PPE program,but,our State Computer System blew up big time and about half of the original claimants are still waiting.

Another Political Fav getting a 40 million dollar pay check for a bunch of junk Computer system that seems to have been cobbled together from out dated off the shelf crap. BTW,that system was bought by the previous Gov. The GOP strikes again.