[Farm93]

Mick,

Unemployment is tough, but it will only get worse.  Stay-at-home mandates are not going to fuel unemployment from here.

Fear of death will continue to drive economic activity down.
Fear of expensive hospital stays for those uninsured and under-insured will also drive economic activity down.
The expectation of a second wave based on prior pandemics will also drive down consumer spending while driving up savings.
And all of those things will cause companies to focus on cost containment rather than expansion (more unemployment).
Several industries will struggle for several months, not because of the stay at home orders, but because of the deadly virus. 

CSU is an easy example for those of us in California.
CSU's announcement had nothing to do with current stay-at-home orders and everything to do with the reducing the odds of expensive and deadly virus outbreaks on the CSU campuses between October 2020 and March 2021.   
The choice was made to save lives and avoid emergency campus closures, but the CSU closing of campuses will cause thousands of workers to not have their jobs this academic year. (More unemployment claims)

Put it together and the unemployment will keep on climbing up, not because of stay at home orders by governors, but by fear that the virus is out of control in our country.

I feel sorry for POTUS45 as he tries to find a way to boost the economy even while the virus rages and creates economy crushing fear.  I understand why he can't afford to honestly portray how bleak the next 6-12 months could be for USA citizens, but based on his body language when he talks about COVID19 I am pretty confident he knows the economic metrics are all going to remain unfavorable.

[Farm93]

Mick,

Unemployment is tough, but it will only get worse.  Stay-at-home mandates are not going to fuel unemployment from here.

Fear of death will continue to drive economic activity down.
Fear of expensive hospital stays for those uninsured and under-insured will also drive economic activity down.
The expectation of a second wave based on prior pandemics will also drive down consumer spending while driving up savings.
And all of those things will cause companies to focus on cost containment rather than expansion (more unemployment).
Several industries will struggle for several months, not because of the stay at home orders, but because of the deadly virus. 

CSU is an easy example for those of us in California.
CSU's announcement had nothing to do with current stay-at-home orders and everything to do with the reducing the odds of expensive and deadly virus outbreaks on the CSU campuses between October 2020 and March 2021.   
The choice was made to save lives and avoid emergency campus closures, but the CSU closing of campuses will cause thousands of workers to not have their jobs this academic year. (More unemployment claims)

Put it together and the unemployment will keep on climbing up, not because of stay at home orders by governors, but by fear that the virus is out of control in our country.

I feel sorry for POTUS45 as he tries to find a way to boost the economy even while the virus rages and creates economy crushing fear.  I understand why he can't afford to honestly portray how bleak the next 6-12 months could be for USA citizens, but based on his body language when he talks about COVID19 I am pretty confident he knows the economic metrics are all going to remain unfavorable.