Wow.
And a lot of them are making more than their salary was due to the 600 bucks fed unemployment
average is 137 percent of old income and 1/5 are making double what they were.
I know there’s health insurance loss and other variables but the 600 a week can’t last past end of july.
that’s still 8 weeks incentive for people not to look
It will be decades before the U.S. fully recovers from this.
And this makes Democrats and the Fake News very, very happy!
Total losses doesn’t mean anything by itself. Of those 40 million, how many have gone back to work?
That oughta be good for another 200 points up on the DOW.
The “real” number is well over 50,000,000. People have been trying for 6 weeks to get on their state run systems and many still haven’t gotten enrolled.
What this number means is that 2,100,000 actually managed to file for the first time, not that 2,100,000 lost their jobs.
L
In my neck of the woods there are layoffs and furloughs. And the furloughs are wotaking fewer hours and are being paid by either the state and/or Fedzilla.
Do furloughs count in these numbers? How about the newly underemployed?
That 40 mil, as horrific as the number is, may be the least of it.
And financial services stocks are up 10% this week.
Yes...this makes sense.
Layoffs are starting to effect highly paid professionals.
Engineers at IBM are getting notices and they are not being nice about it.
It’s a good thing we all kept paying our school taxes for the “schools(ie business) that wasn’t open and in some states may not be open in the fall.
Thank your local democrat when you see em....
Remember in November!!!
Oddly, they are also claiming only 20M are still on unemployment even though they filed for unemployment only within the past 10 weeks. This would say over 20 million went back to work.
...and trump brags about the rising stock market. what a fool.
49 near 50 yr old Type 2 Diabetic son Asst Manager applied for UE 10 weeks ago, just before the big wave hit, still not gotten it. Having to borrow rent and food money from his Senior Mom who is on SS. His chances of a job are bad, not done Manuel labor in 20 yrs..AGE/HEALTH DISCRIMINATION NO Degree worked his way to Manager.
Many people have already been called back to their jobs. My neighbor works for Tesla & whe was ONLY off for 4 weeks total.
The numbers of people called back needs to be reported, also.
As for those who are refusing to go back to work-—the numbers of those who will lose their benefits also needs daylight.
IF you refuse to return when called back, you are an effective QUIT & your unemployment is over.