There have been tens of thousands of layoffs the past couple of weeks (most reports indicate it's in tech companies) which typically involve severance of 3 months or even 16 weeks with full benefits. If you are collecting severance I assume you don't count as unemployed until your severance runs out and you start actively looking for a new job.
When the initial jobs numbers came out this week there was a massive sell off market open and early in the morning, but the market bounced back near closing. Although the numbers were strong on paper, there was a weird disconnect between the headline number and the household survey. Where the headline number shows over 250k jobs added, but the household survey shows a -138k drop in employed which seems to stem from a massive -186k drop in labor force participation.
Also although hourly pay went up .6%, the stats also show that hours worked also went down. Which seems odd.
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