6.6 million Americans filed for unemployment benefits last week!!

[r2d2]

The last three weeks have marked one of the most devastating periods in history for the American job market, as first-time claims for unemployment benefits have surged more than 3,000% since early March.

Businesses continue to lay off and furlough workers amid the coronavirus outbreak. 

6.6 million US workers filed for their first week of unemployment benefits in the week ending March 28 — a new historic high. 

That was far greater than economists had expected, and more than 3,000% the pre-pandemic levels. Unemployment claims at this level suggest a severe job market decline hardly any American alive has ever seen in their lifetimes.

Economists characterized the increase as "monstrous," "stunningly awful," and "a portrait of disaster."

[hydusguy]

This is expected.

[bhaigan]

unbelievable

[r2d2]

 

[LazyRohit]

idi arambham matrame antunna vamericaans

[kevinUsa]

1 hour ago, bhaigan said:

unbelievable

Nenu cheppana oka 50mn ani

Looks like we will reach minimum oka 10-15mn

Ante 10% unemployment rate

[VictoryTDP]

Just now, kevinUsa said:

Nenu cheppana oka 50mn ani

Looks like we will reach minimum oka 10-15mn

Ante 10% unemployment rate

Not bad no

[VictoryTDP]

Just now, kevinUsa said:

Nenu cheppana oka 50mn ani

Looks like we will reach minimum oka 10-15mn

Ante 10% unemployment rate

Not a sign of recession. The jobs that were lost are mostly low wage employees

[ring_master]

1 minute ago, kevinUsa said:

Nenu cheppana oka 50mn ani

Looks like we will reach minimum oka 10-15mn

Ante 10% unemployment rate

how's it 10% ? US population is 330M. 15M unemployment ankunna it's 4.5%

[Sucker]

2 minutes ago, LazyRohit said:

idi arambham matrame antunna vamericaans

Yem aarambam le baa. Kaasintha careful vundali especially aa downtown side pokunda vundali konni days. Ninna almost attacked. Jump kotta red signal meeda ne. 

[Sucker]

Just now, VictoryTDP said:

Not a sign of recession. The jobs that were lost are mostly low wage employees

Ante avi jobs kaavu aa baa 

[kevinUsa]

Just now, VictoryTDP said:

Not bad no

Looks like thatq on spending spree of 10tn for his re election

He just pumped 2tn into the system but no use.

There shall be an extra 2-4tn before election 

And couple more after election if the virus cools.down nor it keeps jumping 

[r2d2]

1 minute ago, VictoryTDP said:

Not a sign of recession

It is the preface... next the housing market will be hit .. and then it is madness all over..

[kevinUsa]

4 minutes ago, ring_master said:

how's it 10% ? US population is 330M. 15M unemployment ankunna it's 4.5%

Degree etla pass ayyav

Unemployment is calculated as number of working age group being unemployed

In us current workforce is around 150mn

The U.S. labor force reached a high of 164.6 million persons in February 2020, just at the start of the 2020 coronavirus pandemic in the United States.exact number

[VictoryTDP]

Just now, r2d2 said:

It is the preface... next the housing market will be hit .. and then it is madness all over..

Printing teevratha penchuthamu