by Mike ‘Mish’ Shedlock
In the last 5 weeks, 26.453 million people filed unemployment claims. Let’s estimate the unemployment rate.
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 today’s report Over 26 Million Unemployment Claims Filed in Just 5 Weeks.