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pandemic unemployment rate

CHART OF THE DAY: Estimating unemployment during the pandemic

Dec. 4, 2020 by Joseph Brusuelas

Friday's headline U3 unemployment rate of 6.7% is probably an undercount of the number of out-of-work people in the United States, not by design, but by the peculiar circumstances of the pandemic. By adjusting the number of unemployed to include the number of people who are not in the labor force but want a job, the pandemic unemployment rate jumps to ... READ MORE >

CHART OF THE DAY: Estimating unemployment during the pandemic

Nov. 6, 2020 by Joseph Brusuelas

Friday's headline U3 unemployment rate of 6.9% understates the number of out-of-work people, not by design, but by the peculiar circumstances of the pandemic. In our estimation, this needs to be taken into account by policymakers around decisions on fiscal stimulus and other policies to stimulate employment. By adjusting the number of unemployed for ... READ MORE >

CHART OF THE DAY: What’s the real unemployment rate?

Oct. 22, 2020 by Joseph Brusuelas

Estimates from the Department of Labor indicate that the pace of re-employment is slowing. Monthly increases in nonfarm payrolls fell for the third straight month, to 661,000 in September from nearly 1.5 million in August, and the unemployment rate decreased to 7.9%. But that decline masks the significant pain felt by the millions who have exhausted ... READ MORE >

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About The Real Economy Blog

The Real Economy Blog from RSM US LLP was developed to provide timely economic insights about the middle market economy. It is offered as a complement to RSM’s macroeconomic thought leadership, including The Real Economy monthly publication and the proprietary RSM US Middle Market Business Index (MMBI).

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The Real Economy Blog
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