30.3 million Americans have filed for unemployment insurance in the last six weeks. There is also a backlog so numbers would be higher
The unemployment figures that we are seeing are startling. We have now seen 30.3 million people file for unemployment insurance in the last six weeks. These numbers are historic even when comparing to the Great Depression. The notion that we will have a sharp V-shape recovery is simply not going to be the case. While […]
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 […]
9 charts showing Americans never recovered from the Great Recession: If you are wondering why people are so angry look no further.
The press is somewhat baffled as to why Americans are so angry this year. The stock market seems to be doing fine (too bad most Americans don’t own stock). Jobs are being added (too bad most jobs are in the low wage service sector). Housing values are up (too bad the homeownership rate is down […]