Get ready for a HUGE spike in the unemployment numbers

[stopbush]

Both my wife and my daughter have been receiving checks from their jobs, even though they have been staying home for weeks.

My daughter was told this week that her checks were stopping, and to apply for unemployment.

My wife’s place was hoping for an April 15 reopen, moved back to May 1. Looks like that date will slip as well. I can’t see her employer continuing to pay her when reopening is basically off the table.

I’m guessing many employers who have been taking a “wait and see” attitude are just about done, and will be laying off workers in droves.

[Claustrum]

1. I said this last week as my dad was layoff after 2+ weeks of company shutting down but paying them

The companies that took the "wait and see" and try to be nice to their employees by keeping them on payroll for as long as they can. Those companies are going to have to start laying off people as it's looking less likely that they can go back to "business as usual".

[Demsrule86]

8. Hubs was on furlough until last Monday and then laid off 20% of the workforce.

My son works for an auto manufacturer...going to lose a shift...he holds if it is just one shift but if it is two shifts, he is laid off...scary time. Most everyone else is laid off now. I am in Ohio. We just started getting our unemployment, during the furlough, it was screwed up and you can't call but somehow it got fixed.

[getagrip_already]

2. I've been out since feb, but I start a new job monday.......

I realize there isn't a lot of that going on, but I managed to find a new gig with a start up. High risk, sketchy structure, but good chance of it sticking (I've worked for 4 startups, and only one survived).

I have mixed feelings. Not working doesn't suck. I'm close to retirement anyway so do I really want to dive head first into a high pressure 60-80 hour job?

Anyway, there are still some opportunities out there.

[stopbush]

5. Good advice...for 1999.

[uponit7771]

7. We can have a federal test, trace, isolation process then go about our business but Trump refuses

... to do such.

[Hortensis]

4. Pence predicted this would be over by Memorial Day (May 25).

I suspect that means they intend to have forced by then as many states and cities as they can to end their legal protections for closed businesses and employees, i.e., the lockdown orders that qualify so many for unemployment insurance.

[uponit7771]

6. Sorry bout this, yeah ... until we have a true federal test, trace and isolation process we'll ...

... continue to have pushed out dates.

[Claustrum]

9. I don't think it's just about the shut down date

Even if we have the businesses open up, everyone will calculate their risk and determine what their "essentials" are and only go to those essentials they need (probably less frequent than previously as well). Who would want to go to a movie, or a broadway show, or sport stadium in close contact with large group in the next few months? Businesses are going to be hurt for a long while (thus workers will work less hours or decreased pay or both).

[uponit7771]

10. +1, that part of our economy is not going to recover for almost a year