Every job created in the last decade completely gone in 4 weeks! That is absolutely stunning!

S

S2007S

I think this is one of the most stunning most unpredictable events in history, not one single person could have ever predicted this.


10 years of job gains lost in 4 weeks!!!!

Let that sink in to understand the magnitude of this crisis.


It also means that coronavirus-led layoffs have effectively erased the 22 million jobs that the US economy added in the period following the Great Recession that struck the nation from 2007 to 2009.


https://www.businessinsider.com/us-...4?utm_source=notification&utm_medium=referral
 
And when the small businesses go back to work, then find the phone doesn't ring because there client base has vanished, then yet more lay offs.

It's amazing how nobody cares about the Lives screwed up and only concerned about the much smaller lives lost, of mainly old / sick people that are dying anyway and not even having a good time.

Sweden only 1 doing it right and there getting slated for it :( Human so stupid when scared!!
 
Likely to get a lot worse.

Wifey works at a children's hospital... was told yesterday "unlikely we will be back to regular service prior to June at the earliest".

(There are some procedures that can't wait until June but are not urgent/emergency. Those are done one day per week.... like club feet kids who need their casts redone each week. And then there is "on call". Most of what the hospital does is elective or non-urgent. All of that is postponed indefinitely. Everybody who enters the hospital is masked and checked for fever.)
 
this is so awful and scary. Let me read the article right away.
S2007S said:
I think this is one of the most stunning most unpredictable events in history, not one single person could have ever predicted this.


10 years of job gains lost in 4 weeks!!!!

Let that sink in to understand the magnitude of this crisis.


It also means that coronavirus-led layoffs have effectively erased the 22 million jobs that the US economy added in the period following the Great Recession that struck the nation from 2007 to 2009.


https://www.businessinsider.com/us-...4?utm_source=notification&utm_medium=referral
More...
 
S2007S said:
I think this is one of the most stunning most unpredictable events in history, not one single person could have ever predicted this.


10 years of job gains lost in 4 weeks!!!!

Let that sink in to understand the magnitude of this crisis.


It also means that coronavirus-led layoffs have effectively erased the 22 million jobs that the US economy added in the period following the Great Recession that struck the nation from 2007 to 2009.


https://www.businessinsider.com/us-...4?utm_source=notification&utm_medium=referral
More...
most of these jobs were low wage penny givers anyway
 
lilymiller said:
It has been great for the market with the volatility and all but looking at it from the big picture that this article is showing us, it's not all that great.
More...

That was my point. Though we don’t call the shots so saying “it’s not that great” doesn’t mean anything. The market indicates what it means to the market.
 
Genevian Speculator said:
most of these jobs were low wage penny givers anyway
More...


Really?

So 22 million lost jobs were just low wage workers....interesting.... can you show me the break down of each income level and at what percent of each has made up the loss of these 22 million+ jobs?
 
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