Class Time for some CAPs players
For the past who knows how many weeks, the WEEKLY FIRST TIME unemployment claims have been coming in OVER 600,000 PER WEEK.
For the past few weeks, Alstry has blogged if we keep up at this pace.....OVER 30,000,000 Americans will file for unemployment in 2009!!!!
Each time Alstry blogs....there is always one or two blogger who seem to want to point out that the weekly numbers are really monthly numbers even though the government and press calls them weekly numbers.
It is amazing how fuzzy people's vision can be with things seem sooooo clear...at least to Alstry!!!!!!
Further, if it was a monthly number....it would be mathematically impossible that 6.5 million people would be collecting unemployment benefits as less than 4 million people would have filed first time claims the past 6 months in TOTAL.....and that discounts the significant numbers that were likely able to find replacment work during that period and no longer eligible for benefits.
If Alstry is wrong on this issue.....a clarification would be very much appreciated.