Thanks for posting this site. I was a bit confused by the recent dip in this chart:
https://fred.stlouisfed.org/series/TOTLL2564
Until I realized it's likely due to COVID-19 deaths.
https://fred.stlouisfed.org/series/TOTLL2564
Until I realized it's likely due to COVID-19 deaths.
So it only includes people who are working or looking for work. This kind of distinction is the key to the OP.
So thankfully the dip is mostly not deaths, but for example
- a second earner in a household who lost a job in April but hasn't looked for new work since, due to child care commitments
- a cook who was furloughed but knows there are no new kitchen jobs going right now, but isn't yet willing to do something else, so isn't looking
- a person who lost a job one year out from retirement and is just retiring early
But I am curious about that drop.
Edit: It would be interesting to compare this to an up-to-date graph of US deaths (all kinds), if one exists.