08-13-2020, 07:28 PM
(08-13-2020, 10:49 AM)BostonCard Wrote: On the one hand, yeah!, I guess. Initial claims were 963,000, the first time claims were at less than 1 million in 20(!) weeks. Continuing claims dropped to 28.3 million (down about 3 million).
https://www.npr.org/sections/coronavirus...paign=news
On the other hand, even at the peak of the great recession, new claims for unemployment were less than 1 million.
BC
And average initial claims for unemployment were about 1/4th of this week's number pre-pandemic.
https://www.dol.gov/ui/data.pdf
Audaces fortuna iuvat