> 3. This is nearly 5x (!) the prior record of 671K new jobless claims from 1982, and redefines the scale for jobless claims. [1]
This should be normalized to be per-capita, comparing absolute figures is distorted by population growth. The US was only 230M people in 1982, 100M less than today.
This should be normalized to be per-capita, comparing absolute figures is distorted by population growth. The US was only 230M people in 1982, 100M less than today.
After normalizing it's more like 3.9x.