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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 710178"><p>New jobless claims over 5m again last week, bringing the last 30 days total to about 25m. That equates now to a real-time unemployment rate of 19%. That doesn't include people whose hours are down. Underemployment (U6) is probably 25%+. My wife filed for unemployment on March 30th since as a nurse her hours were cut from 40 to 10. Still has not seen a payment and the website doesn't give any guidance for when one might come - we're on day 18. We don't need the money per se, but think about all the regular working class people who do who haven't seen a penny.</p><p></p><p>I won't be surprised to see the Dow go up 1,000 points on this news the way its been lately, LOL. We're now crossing into Great Depression economic statistics land and the stock market is the same place it was in December 2018 LOL.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 710178"] New jobless claims over 5m again last week, bringing the last 30 days total to about 25m. That equates now to a real-time unemployment rate of 19%. That doesn't include people whose hours are down. Underemployment (U6) is probably 25%+. My wife filed for unemployment on March 30th since as a nurse her hours were cut from 40 to 10. Still has not seen a payment and the website doesn't give any guidance for when one might come - we're on day 18. We don't need the money per se, but think about all the regular working class people who do who haven't seen a penny. I won't be surprised to see the Dow go up 1,000 points on this news the way its been lately, LOL. We're now crossing into Great Depression economic statistics land and the stock market is the same place it was in December 2018 LOL. [/QUOTE]
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