Breaking News: Another 6.6 million joined the U.S. unemployment ranks, bringing the 2-week total to a staggering 10 million as the coronavirus pandemic upends the economy
Holy moly. This graph is so stark it took me a minute to process what I was even looking at. #UnemploymentRate
6.6 million more Americans filed for unemployment benefits last week, setting yet another grim record a week after smashing the old one.
“The speed and scale of the job losses is without precedent. Until last month, the worst week for unemployment filings was 695,000 in 1982.”
"A month ago, most forecasters still thought the US could avoid a recession. Today, with the pandemic...forcing vast layoffs, many economists are expecting a decline in gross domestic product that rivals the worst periods of the Great Depression."
BREAKING: Weekly Jobless Claims Rise to 6.6 Million: Live Business Updates Almost 10 million have filed for unemployment in the last two weeks - The New York Times
Trump gutting the team responsible for getting ahead of global pandemics to save a few million dollars will go down as the absolute worst bet in history. #KAGA2020 #WWG1WGA #QAnon2020 Nice job!
Not surprising that unemployment is going up. Tube in tomorrow to #OutspokenOncology when I interview from Duke to discuss state of the economy and what lies ahead. You don’t want to miss tomorrow’s “Economics of #COVID19” episode.
Weekly Jobless Claims Rise to 6.6 Million