BREAKING: US unemployment claims soar to 3.3 million -- quadrupling record from 1982 -- as layoffs from coronavirus engulf economy. Go to for more.
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3.3 million? Did anyone expect different Actually, it’s a miracle the unemployment claims aren’t 3x higher....there’s virtually no one working. Remind me once again why companies need the billions after firing 3 million employees? There are many metrics to consult when assessing the American jobs landscape. Explore more U.S. govdata about jobs and employment:
Fake NEWS Brasco_Aad You think that's bad - wait for the death-count coming up. ggreenwald It's layoffs from the LOCKDOWNS, not coronavirus! . DOW 1161 There is no uncertainty in the market Plow in money The market goes up After exhausting the profit the market retreats This cycle is on going The market hasn’t been sustainable since it no longer relies on supply & demand The market is controlled by Hedge funds
What is so surprising about this? This is where stimulus efforts should focus. This is screening where your relief dollars should go. Validate and streamline this process and support local emergency service programs and you will surgically insert the $$ where they are needed most The layoffs aren't from coronavirus. They're from state & local government's overreactions.
Brilliant and genius decisions made by our local leaders. These mandatory shutdowns are so good for economy. 🤮 They tell business people they have to shutdown, but our 'leaders' are still collecting a paycheck. Amazing! Thank you Leirion4Lincoln Thank goodness we tie health insurance to employment. Wouldn't want these people to be afford to go to the doctor. They can't even keep a job!
Well, we all know it will get worse before it gets better. The need to really focus on caring for the middle class, the envy of our economy. KNPRnews ggreenwald Democrats are wrecking the Economy...Creating mass unemployment, bankruptcy, debt. Our 'leaders' created this crisis, not Coronavirus. This is the Year of Broken Records and we are NOT having fun.
Donald won't be pleased IMontoyaResists This didn’t have to happen. Trump saw the pandemic coming and did NOTHING but cut off a portion of air traffic from China. American workers are now paying the price for Trump’s willful negligence. This is a disgrace. If people just stayed in for a month maybe this thing would blow over. Its not a hoax look at Italy and Spain and see what's happening there to see how bad it can get in th U.S.
Another POTUS record !!! Trump can now say he is responsible for the biggest ever....unemployment claims. ggreenwald Futures market bounces +300 FED buying Equities with US taxpayer money. RIGGED So much winning. ggreenwald And the stock market will still probably go up today 🤷🏼♂️ Maybe we need to flatten this curve. With unemployment everything goes up. Crime. Poverty. Homelessness. Disease. Etc
realDonaldTrump is this good ? Beautiful numbers, yuuuge!! Dictator Trump will probably blame media still for overhyping, blame the Democrats and blue states for spreading it. Saying they are doing this still to hurt his reelection, he wants everything open to help his reelection. Expect the same bullship with his rally conferences.
For 1,000 deaths?🧐 How exciting is this! Trump looks really bad now! Only Joe Biden can save us! 'We hold these truths to be self evident, that all men are created, you know, you know the thing.' - Joe Biden Given how long it’s going to take to get back to anything resembling normal, it’s clear from these numbers that a lot more stimulus is going to be required going forward.
The surge in jobless claims is a stunning reflection of the damage the viral outbreak is doing to the economy. The pace of layoffs is sure to accelerate. dont worry its only for this week maybe itll get better next week President Snowflake is gonna lose his shit. Expect a 10 tweet rage over this.
White House, Congress agree on $2 trillion virus rescue billFrom AP Morning Wire: Congress agrees on $2 trillion rescue package. India's 1.3 billion join global lockdown World markets jump after Dow sees biggest gain since 1933. The new virus sacrifices: Will Americans step up? SUBSCRIBE: Dow set to lose 100 points at open. No amount of money can prop the market, without the risk of hyperinflation at the other end of this. India would really take a hard hit with their healthcare system if they don’t start with drastic measures at the early stage of the virus’s spread in its country. India is taking the right move.
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What’s Good, Bad, and Mediocre in the Coronavirus Stimulus BillThe legislation is great news for unemployed workers in the short term, bad news for reining in plutocracy in the long run.