Data Analysis

Unemployment Rate? With 6.648M More: Answer: ~9.6%

As was reported this morning by CNN – another 6.648M Americans are newly unemployed. My mind quickly went to, “What is the updated unemployment percentage?” As the newscast did not mention this number.

  • The federal government doesn’t calculate it weekly, just monthly
  • So I approximated it at 9.6%

Assumptions in the approximation:

  • No one unemployed the prior week found a job
  • Without seasonally adjusted numbers calculations

2020-04-02-US-Unemployment

2020-04-02-N YT-Chart