40 Million Filed for Unemployment

[RidgeSprinter]

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More than 40 million Americans have filed for first-time unemployment benefits since the coronavirus pandemic forced the US economy to shut down in March –– that’s nearly one in four workers.

Another 2.1 million people filed initial jobless claims last week, the Department of Labor reported Thursday morning.

It was the tenth-straight week in which claims were in the millions. America had never recorded a single week of 1 million jobless claims prior to the coronavirus crisis.

The number of people claiming unemployment benefits for consecutive weeks rose to 21.1 million.

State labor departments across the country continue to struggle to process the millions of claims. Before the pandemic, weekly claims were around 200,000.

 

[PaulinVA]

This is crazy terrible.

My prayers go out to the nation.

 

[Zzyzx_Road]

Where is everyone saying don’t sweat it, we’ll be right back at work before you know it?

I find them curiously absent now. Did this start hitting too close to home for them?

 

[RidgeSprinter]

Where is everyone saying don’t sweat it, we’ll be right back at work before you know it?

I find them curiously absent now. Did this start hitting too close to home for them?

Is that not what Trump is saying?

 

[Zzyzx_Road]

Is that not what Trump is saying?

I wasn’t talking about Trump, nice of you to drag him into the discussion.

I’ve posted all along that the economic damage being done was going to be way worse than many people were saying. But other posters kept saying don’t worry, we’ll be fine. Now that everyone starts realizing just how much the economy has been decimated over a giant social experiment, there is definite fury out there. Some of it will come Trump’s way and some at the governors. I’ve said end the lockdowns as far back as late March. Of course I was a voice in the wilderness full of “Karens”.

A Stanford professor made a prediction back in March about the mortality rate not being that bad that the CDC finally agreed with this week. But we knew this from the Grand Princess ship off of Yokohama, we knew this from the difference in the toll between the nursing home in Kirkland, WA and the rest of the WA population. And so on. But the economy was killed anyway. Like nothing we have ever seen in this country’s history.

So we have 100k deaths. Big scary number. But nearly half of those are in the long term care facilities? Yet the case could be made that many of those long term care deaths were intentional? But hospitals in most of the country have never been full? So what are we now saying about the impact on the rest of us? That we effectively killed the economy over what ended up having not much more impact on the rest of us than a bad flu season?

We didn’t lock down the economy in 1957. We didn’t even do it in 1918. The economy turned down in both instances, but nothing anywhere near like this we are experiencing now. The lockdown policies in use this year were originated in 2006 by scientists who were not epidemiologists and was actually opposed by most epidemiologists of that time, but still made it into the policy playbook. smh!

This will be debated for years if not decades.

 

[RidgeSprinter]

I wasn’t talking about Trump, nice of you to drag him into the discussion.

Doesn’t everything end up about Trump or Obama eventually? That is what World News is really about.

Just like before Trump, It was about Obama and Bush.

Next it will be about Trump and the next Democrat President. Nothing ever changes here. SSDD.

 

[Zzyzx_Road]

If you want to go there, the lockdown policies as an idea originated during the Bush 2 Administration, it was made an official policy during the Obama Administration and the Trump Administration gave the policy to the state governors to implement at their discretion. So we can blame them all for this idiocy that we never did before in our country’s history.

 

[ProVobis]

Whatever happened to infrastructure changes we were promised? Carville is right. America needs to be rebuilt. There is no justification for 40 million jobs lost at once, all waiting to come back to the way it was before, from the farms to the inner cities. It won’t happen.