07-09-2020, 06:41 AM
Fed officials say economy is stalling:
https://news.trust.org/item/20200708185752-8gqn6
Initial unemployment claims due to the COVID-19 pandemic is 1,314,000 -- or about 6x what it was pre-pandemic.
https://www.dol.gov/ui/data.pdf
The total number of people claiming benefits in all programs for the week ending June 20 was 32,922,335, an increase of 1,410,788 from the previous week. There were 1,612,122 persons claiming benefits in all programs in the comparable week in 2019.
And the stimulus checks end in three weeks. Comforting.
https://news.trust.org/item/20200708185752-8gqn6
Initial unemployment claims due to the COVID-19 pandemic is 1,314,000 -- or about 6x what it was pre-pandemic.
https://www.dol.gov/ui/data.pdf
The total number of people claiming benefits in all programs for the week ending June 20 was 32,922,335, an increase of 1,410,788 from the previous week. There were 1,612,122 persons claiming benefits in all programs in the comparable week in 2019.
And the stimulus checks end in three weeks. Comforting.
Audaces fortuna iuvat