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.
The Biggest Barrier to a Vibrant Second-Hand EV Market? Price
New policies and broader subsides are needed to help lower-income buyers afford used electric vehicles, according to a Rutgers study As early adopters of electric vehicles (EVs) trade up for the latest models, the used EV market is beginning to mature in the United...