Posted on 03/27/2020 5:55:51 AM PDT by Helicondelta
The front page of The New York Times edition for March 27 illustrates the staggering rate of unemployment in the US due to taken to stop the spread of the novel coronavirus.

The page features a chart showing the number of unemployment claims filed last week, as a growing number of states impose lockdowns and "stay at home" orders.
Over three million claims were filed last week millions more than the number of people who filed claims during the 2008 recession.
(Excerpt) Read more at businessinsider.com ...
In other words, the fear mongering worked.
Boy is the left giddy
So, we went from effectively zero (or near zero) unemployment, to record unemployment, in less than one month? Awesome.
Those statements have now been disappeared into a "memory hole" though Tucker Carlson aired a few on his show last night.
And the dems hope to keep it that way by providing a $600/week incentive to stay unemployed.
WOW! Didn’t see that coming. NOT! And, at least locally, if you’re looking for work, I see ads daily for warehouse starting at $15.00 min/per hour. Of course some folks laid off will make more on unemployment. Thanks chuck and mitch and nanzi.
The engine that drives our prosperity is productivity. That has now been killed, and so we will lose our prosperity. The “stimulus” will do almost nothing.
We have to have people working again. We cannot have millions of people living off the government. It’s unsustainable. The government doesn’t create value. It creates valueless paper money. Once it’s sent to the folks, it will have an inflationary effect, which will not be felt because the bottom has fallen out of the economy, and we are in deep excrement.
Oh the unbridled joy that must exist at the NYT, the DNC and other lefty institutions.
I wonder how many at the NY rotten times is just besides themselves with gittiness and glee
If the New York Times building burned, would the presstitutes be out of work, jobless?
So you’re saying that 8 million people went downtown and hugged a Chinaman? On an ordinary New Years’ Celebration, the crowds are less than stellar. San Gennero Festival, in the same area at a different time, gets more people; and Little Italy is not what it used to be.
Doesn’t even consider the 1099’ers that can’t even file for unemployment.
Triple the jobless claims and you are closer to # of folks that lost work over the last two weeks.
NYT like a broken clock meme.......
1. The total number of national new unemployment claims is 3.28 million.
2. Nearly 400,000 of them come from Pennsylvania alone -- more than twice as many as any other state.
3. Pennsylvania, up until this weeks unemployment claims report, wasn't even among the top ten states in the U.S. in terms of reported COVID-19 cases or fatalities.
4. The same goes for Ohio, which is #2 on the list with almost 200,000 claims. Ohio (population 11.7 million) has about the same number of unemployment claims as California (population 40 million).
5. In terms of the economic impact of this fiasco, this was really a disgraceful blunder on the part of the stupid governors of these two states -- who brought financial ruin upon their constituents for no damn good reason at all. Pennsylvania, for example, has 400,000 people who are now out of work ... and only 15 reported COVID-19 fatalities.
This is a national disgrace, in my humble opinion.
This is a national disgrace, in my humble opinion.
$6 trillion spent. Roughly 1,000 fatalities. Works out to $6 billion per death. Totally insane. We’ve lost our minds.
It is completely in character with the PC virtue signaling crowd that runs NYC.
There's more than a few FReepers that believe the economy will come roaring back.
I think a fair number of these jobs will be gone for good. We will have unemployment > 8% for at least two years is my prediction.
I think a fair number of these jobs will be gone for good. We will have unemployment > 8% for at least two years is my prediction.
Seems ballpark. We still haven’t had the aftershocks that will hit the economy. Construction slow down in particular. I saw one home seller locally was requiring potential buyers to wear a mask to view the house. Good luck selling that one.
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