Unemployment now at 25%

[safeinOhio]

New record.

[Agschmid]

1. Link?

[safeinOhio]

9. MSNBC

Brian Williams just now. P

[MyNameIsKhan]

2. Link?

[ProfessorGAC]

3. Who's Tired Of Winning?

At least 150,000 dead by July, 25% UE, DJIA down 19.9% from late January ( as of Wednesday close).
Nice job, Donnie-boy!

[SoonerPride]

4. WELCOME TO THE TRUMP DEPRESSION

SO MUCH WINNING

[maxsolomon]

19. which is why all their effort in concentrated on blaming others.

create so much confusion they can't be blamed exclusively.

[DrToast]

5. Unemployment rate comes out tomorrow.

[MyNameIsKhan]

8. I bet dear leader will manipulate it

[Newest Reality]

6. The highest rate...

The highest rate was 24.9% during the Great Depression.

After the divorce, I don't think the stock market cares about us anymore Since they got everything in the settlement, they get to party hearty while we sit at home eating cans of beans.

Why, I recall a time when unemployment numbers even just approaching that would be important to the market. Now? Meh!

[Johnny2X2X]

7. It's actually higher

27.1% estimated.

But tomorrow's jobs report will contain data from a survey a few weeks ago, so it's expected to be somewhere between 13% and 19%.

I do not anticipate the uS being under 10% until next year.

[safeinOhio]

12. Guy said they aren't going down next week.

Even higher.

[Hassler]

10. Heckuva job Chumpy

[BeyondGeography]

11. Real unemployment rate soars past 24.9%--and the U.S. has now lost 33.5 million jobs

Before this seven-week stretch of 33.5 million initial jobless claims, there were already 7.1 million unemployed Americans as of March 13. When those figures are combined, it equals more than 40 million unemployed, or a real unemployment rate of 24.9%...

https://fortune.com/2020/05/07/unemployment-33-million-coronavirus/

[Celerity]

16. thank you for the link

[CanonRay]

13. Holy shit.

[DFW]

14. That is like ten per cent less than the entire population of Canada

We can't sustain that for long.

[sfstaxprep]

15. The Stock Market Will Go Up On This News

But there's absolutely no manipulation going on.

[uponit7771]

18. +1, When the GDP fall was 25% higher than estimate they broke the Rem news early and spiked the DOW

... then it sold off.

[tritsofme]

17. The report hasn't been released yet?

[roamer65]

20. Definitely is a depression.

I suspect it will be very similar to the 1920-21 depression.