Reply
Honored Social Butterfly

Job Losses Expected - 5 Million More

New claims for unemployment benefits last week are expected to total about 5 million, bringing the number of Americans filing to more than 15 million.


The claims initially were expected to have come from millions who lost their jobs in restaurants and travel-related fields, but now they are likely to include hundreds of thousands of retail workers.


Economists say there could be more longer-term and permanent layoffs included in more recent claims, as companies look to trim costs.


https://www.cnbc.com/2020/04/08/five-million-more-unemployment-claims-expected-but-now-layoffs-could...

 

corona job losses map.png

 

0 Kudos
391 Views
3
Report
Honored Social Butterfly

   Unfortunately, the number released today was 6.6M...again, these are new, so that is approximately 10% of the workforce.     I read earlier today that number maybe falsely low, as States were unprepared for the influx of applicants via phone and electronic crashes on the state website application site.  https://www.texastribune.org/2020/04/09/761262-texans-filed-unemployment-claims-first-month-coronavi...

PRO-LIFE is Affordable Healthcare for ALL .
Honored Social Butterfly

Thank you for the update, afisher. That makes 16.5 million filing for unemployment in the past 3 weeks alone.

 

Meanwhile, the stock market is currently up 400 - 500 points. 

0 Kudos
370 Views
1
Report
Honored Social Butterfly

unemployment 6.6 claims.jpg

 

Stock Market Up 400 Points

stock market up.jpg

A Mystery...

stock market mystery.jpg

 

unemployment stock market.jpg

 

0 Kudos
356 Views
0
Report
cancel
Showing results for 
Show  only  | Search instead for 
Did you mean: 
Users
Announcements

Does AARP donate to political parties or endorse candidates?

AARP is strictly non-partisan and always has been. We never endorse or donate to candidates, political parties or political action committees.

Learn more.

AARP Members Only Games

Play members only games, like FIll Ins, Lumeno, 2048 and a collaborative, multiplayer Let's Crossword.

Play Now
AARP Members Only Games Logos
AARP Rewards

Solve Crosswords. Earn Rewards. Activate AARP Rewards to earn points for games, quizzes and videos. Redeem for deals and discounts.

Get started with AARP Rewards now!
/html/assets/Rewards-program-badge-355x224.png