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Friday, May 8, 2020

How bad is it? Bad, really bad - Part 14

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The basic national numbers from the U.S. Bureau of Labor Statistics are depicted above. You won't have any problem finding qualifications to the numbers in news reports. Some qualifications are due to methodological problems related to data collection procedures affected by the coronavirus situation. Some qualifications are due to the way people respond in the current situation. But the charts above are sufficient to tell you that things are really bad.

California labor market data should be out next week.

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