While one curve bends, the unemployment curve surges: 26.5 million Americans have filed for unemployment insurance as we inch closer to Great Depression figures.
The economic devastation brought on by the COVID19 outbreak has been dramatic. Healthcare systems across the world are undergoing stress that they have not witnessed in our lifetimes. The economic devastation is also startling as 26.5 million Americans have now filed for unemployment insurance dwarfing anything we saw during the Great Recession. This is a […]
The COVID19 Depression: 22 million file for unemployment insurance as unemployment rate is now fully in double-digits.
For many years we have talked about how many Americans were living paycheck to paycheck. One troubling statistic that came to mind, even before the COVID19 outbreak, was that half of Americans were one paycheck away from financial disaster. What the COVID19 outbreak has shown is how frail the economic situation was for many Americans […]
The Novel Depression: How the US is going to see Great Depression Unemployment in Record Time.
The unemployment report today was widely acknowledged as being incorrect even by the mainstream media when “only†700,000 jobs were reported lost last month. We already have data that approximately 10 million people have filed for unemployment benefits in the last couple of weeks. This upcoming recession, the Novel Recession, is largely one that is […]
A surge of unemployment claims is coming from the COVID-19 outbreak: A record 2 million plus people have filed for unemployment.
The COVID-19 outbreak has jarred an 11-year bull market into a sudden downturn and what looks to be a recession. What is more startling is that we are now anticipating a record number of unemployment claims hitting the system that even dwarfs what was seen during the Great Depression. Various reports show that unemployment claims […]