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Another 1.3M Americans File for Unemployment

116 pointsby tresiliencealmost 5 years ago

9 comments

ethanwillisalmost 5 years ago
Our government has failed in their response at local, state, and federal levels. The other thing we&#x27;re going to be seeing soon is that these Unemployment programs have failed to do what they&#x27;re ordained to do.<p>This is an anecdote, but my brother was furloughed and has been waiting on any money (including the first stimulus) for literally <i>months</i>
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mdorazioalmost 5 years ago
This source kind of sucks for good info. To put this number in perspective:<p>- It&#x27;s almost exactly the same as new claims last week (1.31 million)<p>- Total continuing claims not including this week are at 17.4M (dropping weekly, somehow)<p>It&#x27;s worth noting that the PPP plan for employers was extended to a 24-week period rather than the initial 8 weeks, which to me has some interesting implications and loopholes. States re-locking down due to surges in cases will probably have a bad impact on employment as well. The supplemental unemployment payments have not yet been renewed and will end at the end of July.
NiekvdMaasalmost 5 years ago
Meanwhile the S&amp;P 500 is 5% away from an ATH record. Unemployed people = gambling with stocks + FOMO?
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bitxbitalmost 5 years ago
August will be brutal if unemployment stimulus ends. I don’t think Washington understands the dire nature of the situation.
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spuzalmost 5 years ago
The source of this figure is here and includes graphs that can help put the numbers in perspective:<p><a href="https:&#x2F;&#x2F;www.dol.gov&#x2F;ui&#x2F;data.pdf" rel="nofollow">https:&#x2F;&#x2F;www.dol.gov&#x2F;ui&#x2F;data.pdf</a>
varbhatalmost 5 years ago
Can UBI(Universal Basic Income) scheme help to overcome Unemployment crisis ?
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coronadisasteralmost 5 years ago
Just keep printing money... Can&#x27;t wait to see what effect it will have.
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j7akealmost 5 years ago
Is this a spike compared to last few months? Where is best place to get the latest chart of unemployment over time for 2020?
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AnIdiotOnTheNetalmost 5 years ago
&quot;Government doesn&#x27;t work. Elect us and we&#x27;ll prove it!&quot; --One of the two major political parties in the US.<p>We get the government we voted for, so I guess that&#x27;s the one we deserve.
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