US unemployment skyrockets

April 10, 2020

Have a look at the sudden increase in people claiming unemployment benefits in the USA. https://twitter.com/nouriel/status/1243353418858672135?lang=en Chart goes back to 1970. Nothing like it through that previous 50 years. Nothing near it during the Global Financial Crisis. And yet, leading economists tell us this is only just the beginninghttps://www.businessinsider.com.au/unemployment-claims-millions-increase-economist-commentary-krugman-roubini-elerian-coronavirus-2020-3?r=US&IR=T  And this COVID-19 induced unemployment surge is happening right around much of the global economy at this time. We are living in historic times.

 A m ore up-to-date chart is here posted on 10/April/2020.   https://www.axios.com/coronavirus-unemployment-filings-6cb04d2d-9cc4-45b4-a473-9acbf4c99d43.html  

 

 

 

 

 

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