Jobless Claims May Be Vast Undercount

“The 3.3 million new unemployment insurance claims that the Labor Department reported Thursday is likely a significant undercount, experts say, because laid-off workers have been calling into state unemployment agencies much faster than the agencies can process their requests,” Politico reports.

“A tidal wave of workers trying to file claims has overwhelmed websites and jammed phone lines at state unemployment agencies, leaving states scrambling to hire more staff.”