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Motley Fool Answers

What’s Behind the Unemployment Numbers?

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 22 September 2020

⏱️ 42 minutes

🧾️ Download transcript

Summary

We’re joined by Dr. Rakesh Kochhar from the Pew Research Center to help us understand how the unemployment rate is calculated, how to dig into the numbers of the monthly Jobs Report, and the impact of COVID-19 on workers in the US.

Transcript

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0:00.0

This is Motley Fool Answers. I'm Alison Southwick and I'm joined as always by Bubba Brokamp,

0:08.4

personal finance expert here at the Motley Fool. Hey, bro.

0:11.5

You're just saying that because I grew up in Florida, but thanks a lot.

0:15.0

In this week's episode, we're joined by Rakeesh Coacher from the Pew Research Center.

0:19.0

We're going to talk about unemployment in the U.S., including how the numbers are compiled,

0:23.6

and who has been hardest hit because of COVID-19.

0:26.5

All that and more on this week's episode of Molly Phil Anzers.

0:30.9

So, bro, what's up?

0:32.8

Oh, I have a few things for you, Allison.

0:35.1

Three things?

0:35.8

Maybe three things.

0:36.9

Okay.

0:38.9

And that number one thing is the market is a many splintered thing. So as long-time listeners will remember, when we were going

0:44.4

through the downturn of the COVID crisis, we would begin every episode updating,

0:50.4

basically some sort of market update. Haven't done that in a while. I thought, hey, let's do one,

0:54.9

shall we? I should say we are recording this on Monday, September 21st. All the numbers I'm going to

0:59.6

give you are as of the close on Friday. Looking at the market today, it's down 1, 2, 3%, depending on what

1:05.1

you're looking at. So you can take a little bit off the top here. But basically, where are we so far this year? This crazy, crazy year, well, stocks are

1:13.1

up S&P 500 with dividends, up 5.3%. But as you know, probably, a lot of that is driven by

1:22.9

the famous stocks, the biggest stocks. We're talking about Facebook, Amazon, Apple, Netflix,

1:29.8

Google, otherwise known as Alphabet, and Microsoft. All of them are up. Double digits. The one

1:36.1

that is having the quote unquote worst year, that's Alphabet at 11%. Best Amazon, 63%. But according to CBS MarketWatch, 55 stocks, 55% of the stocks in the S&P 500 actually

...

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