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The United States government estimates that there are 7.5 million unemployed who have not been included in official statistics. This means that the actual number of unemployed in the US is likely. USA In April it is significantly higher than the officially declared one.
The Labor Ministry said that when April figures were collected, 8.1 million people were reported as “absent for unspecified reasons.” Usually this number is only 620,000.
“We assume that these 7.5 million workers should have been reported as ‘unemployed due to layoffs,'” said an annex to the official labor market report. If they had been classified this way, the unemployment rate would have been 19.5 percent.
The Ministry of Labor had officially given the rate at 14.7 percent. Outside of agriculture, 20.5 million jobs were cut in April due to the virus pandemic. However, the figures led to an increase in prices in the stock market. Analysts previously expected 22 million new unemployed and a rate of 16 percent.
