US weekly jobless claims jump by 6.6 million and we've now lost 10% of workforce in three weeks

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ICYMI: U.S. weekly jobless claims hit 6.6 million, vs. 5 million expected.

The most recent jobless number represents a decline of 261,000 from the previous week, which was revised up by 219,000 to nearly 6.9 million.

California, New York and Michigan saw the largest increase in claims last week. Those states are also among the hardest hit from the coronavirus pandemic. Most of that employment decline came in restaurants and drinking establishments, although health care and social assistance also took a hit. A more representative number of the actual impact to employment came through the Labor Department's survey of households, which indicated a drop of nearly 3 million from the employment ranks.

 

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they call themselves exsperts. if they was off by a few thousands ok then but a million

8 million was what I was expecting and I wasn't the only one.

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ICYMI... tell that to the damn markets cause apparently they didn't get the memo

Which company would you most like to own stock in? Poll Invest MSData

Don’t worry Ivanka added 15 million imagery jobs according to Trump.

Not one person has died from “coronavirus” that hasn’t had underlying medical issues.

Ugh...

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