by Mike ‘Mish’ Shedlock
In the past 4 week over 22 million people filed unemployment claims. What’s the unemployment rate look like?
With each passing week the grim stats add up. But it also makes it easier to estimate the unemployment rate for April.
Let’s crunch the numbers starting with totals from the March Jobs Report and my understatement Unemployment Rate Jumps to 4.4% But Worst is Yet to Come.