3 ms·

I’d be more interested in seeing the actual unemployment rate presented like this, not the weekly claim numbers.

• mercutio2 7y ago
  March numbers for overall unemployment rate have been published, but they’re wildly inaccurate because their reference date is mid-month, before most layoffs started. So we don’t really know yet with precision, but it’s getting close to Great Recession levels.
  • Spooky23 7y ago
    No, it’s Great Depression levels. You can tell from suppliers. I just got some equipment quoted with a 2 week delivery guarantee. A month ago there was a 10 week backorder due to Chinese supply chain issues. The overall market is imploding. Once you see prices drop, that’s it.
• qnt 7y ago
  The civilians labor force is about 165 million people, so we’ve added about ~5% to the unemployment rate in the last two weeks (say 9m increase in claims). Unemployment peaked at around 25% in the 1930s depression. Rough calcs suggest that could be surpassed: https://www.stlouisfed.org/on-the-economy/2020/march/back-envelope-estimates-next-quarters-unemployment-rate https://www.stlouisfed.org/on-the-economy/2020/march/back-en...