Rutgers economist William Rodgers III (a former chief economist at the Department of Labor) and the Century Foundation’s Andrew Stettner built a model using these kinds of unemployment claims numbers to predict the unemployment rate. Plugging in the most recent claims data, they estimate a true unemployment rate in March of 17 percent. In some states, they find the unemployed share is far greater than that: 44.9 percent in Louisiana, 44.6 percent in New Hampshire, 34.6 percent in Pennsylvania.
Gov. Murphy Lectures in Roseman’s Class
Governor Phil Murphy joined former Chief Speechwriter Derek Roseman's Political Communications for Public Policy class at the Bloustein School on April 2nd. Photos via X.com and Julia Sass Rubin.