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| Economy |
| Unemployment 'Peaking' Near 22 Million |
| 2020-04-17 |
| [CNBC] Weekly jobless claims data to be released on Thursday is expected to show that another 5 million people filed for unemployment benefits, bringing the total to over 22 million in just a month. Some economists say the unprecedented surge in unemployment claims could be peaking. 22 million lives disrupted to save ... where's the math? |
| Posted by:Bobby |
| #12 Go for it, USN. Take care of yourself & yours. Godspeed. |
| Posted by: Lex 2020-04-17 22:08 |
| #11 Good news from bad, USN Ret. ! |
| Posted by: Frank G 2020-04-17 21:58 |
| #10 /\ 'Improvise, Adapt, and Overcome.' An old USMC slogan that holds so much truth. |
| Posted by: Besoeker 2020-04-17 19:59 |
| #9 Thanks Lex and B; we will be OK; my primary customer has been hounding me to work for them and after the way this layoff went down, any hesitation I had about working for 'the dark side' in my former plant just went out the window. (ethics and knowing where all the bodies are buried, etc, etc, etc) |
| Posted by: USN, Ret. 2020-04-17 19:53 |
| #8 The extreme slowdown in the economy should not be attributable only to the govt. Absent any govt action many people would have sheltered in place, drastically limited their travel, etc. However, all the effects can certainly be blamed on China. |
| Posted by: lord garth 2020-04-17 10:00 |
| #7 /\ I have a sense he is a survivor. |
| Posted by: Besoeker 2020-04-17 09:21 |
| #6 Hang in there USN. Rooting for you here. |
| Posted by: Lex 2020-04-17 09:20 |
| #5 *Great Depression |
| Posted by: Lex 2020-04-17 09:19 |
| #4 Based on studies of the Feeat Depression's impact on the suicide rate, we can expect an increase on the order of 22% . That's about 10,000 additional deaths from suicide alone. Many times that number from other conditions caused by stress and despair. |
| Posted by: Lex 2020-04-17 09:19 |
| #3 And yours truly was just added to that number, high percentage of us are >40, employment attorneies being consulted. |
| Posted by: USN, Ret. 2020-04-17 09:18 |
| #2 The way the numbers are collected, categorized and reported are way different from 1929-35. USPOP is also, er, a bit different from then. |
| Posted by: M. Murcek 2020-04-17 05:41 |
| #1 Excess suicides will be well above the Y2k flu... |
| Posted by: Bright Pebbles 2020-04-17 03:09 |