Economists are predicting 5.462 million more initial jobless claims tomorrow. Absent of revisions from prior weeks, that takes to 22,342,000 jobs lost in four weeks. 771 jobs lost for every death caused by the coronavirus as of this morning.
https://finance.yahoo.com/news/coronavir...01571.html
Morgan Stanley thinks we'll hit 25 million lost in five weeks. That would take us to 16% of American jobs lost in five weeks. It took 1 3/4 years in the Great Depression to lose the same percentage of jobs.
https://finance.yahoo.com/news/coronavir...01571.html
Morgan Stanley thinks we'll hit 25 million lost in five weeks. That would take us to 16% of American jobs lost in five weeks. It took 1 3/4 years in the Great Depression to lose the same percentage of jobs.
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