US Unemployment: Holy F***

monet · Mar 26, 2020

Unemployment-Claims_cred-Department-of-Labor_web_t670.jpg

WASHINGTON (AP) — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus.

This is no recession. It's a full blown depression.

nooby_mcnoob · Mar 26, 2020

monet said:
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This is no recession. It's a full blown depression.

It'll be over in a week

monet · Mar 26, 2020

nooby_mcnoob said:
It'll be over in a week

Haha, hope so!

S2007S · Mar 26, 2020

The fed will juice the markets, no worries, historical weekly unemployment numbers only mean more QE, everyone will be back to work in a couple of months the Dow will be 30,000+ and everything will be rainbows and butterflies!!!!

Overnight · Mar 26, 2020

monet said:
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WASHINGTON (AP) — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus.

This is no recession. It's a full blown depression.

Old news. That was released 10 hours ago. You come home late or something?

P.S. Wait until next week! I expect it will be at that level or more.

FTDK · Mar 26, 2020

monet said:
View attachment 223154

WASHINGTON (AP) — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus.

This is no recession. It's a full blown depression.

I am assuming these are temporary unemployment cases due to the Corona virus.

So yes, it will be over soon.

S2007S · Mar 26, 2020

FTDK said:
I am assuming these are temporary unemployment cases due to the Corona virus.

So yes, it will be over soon.

Yep within a few weeks everyone will be eating $12 avocado toast, drinking $15 mixed drinks and buying $1589 smartphones, biggest turnaround in history only lasting weeks!! Thanks fed for juicing the markets!!!!

KCalhoun · Mar 26, 2020

Anyone who thinks this is a brief nonissue is truly fxcking delusional.

Thousands of small and medium businesses are going bankrupt and markets will crash.

Many people will die. Gun sales are skyrocketing for a reason. I'm surprised at some people's naivete and complacency.

S2007S · Mar 26, 2020

KCalhoun said:
Anyone who thinks this is a brief nonissue is truly fxcking delusional.

Thousands of small and medium businesses are going bankrupt and markets will crash

I'm delusional then. The fed will NOT allow that to.happen. remember there is no such thing as free markets so it cant happen as the fed will supply unlimited amounts of trillions and trillions of dollars!!!

KCalhoun · Mar 26, 2020

S2007S said:
I'm delusional then. The fed will NOT allow that to.happen. remember there is no such thing as free markets so it cant happen as the fed will supply unlimited amounts of trillions and trillions of dollars!!!

Insert graphic of Zimbabwe currency lol can't print money or prop up markets forever