Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Jobless claims leap record 6.6 million at end of March as coronavirus triggers mass layoffs
MarketWatch ^ | 4/2/20 | Jeffry Bartash

Posted on 04/02/2020 6:18:35 AM PDT by Moonman62

The numbers: The number of Americans who applied for unemployment benefits last week soared by a record 6.6 million, bringing the increase in new jobless claims in the last two weeks of March to 10 million as the all-out effort to slow the coronavirus slammed the economy.

Countless businesses across the country have been forced to close or scale back hours, throwing masses of people out of work and triggering an unprecedented back-to-back surge in initial jobless claims. New claims are likely keep climbing in the next few weeks as the damage unfolds.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-2021-28 next last

1 posted on 04/02/2020 6:18:35 AM PDT by Moonman62
[ Post Reply | Private Reply | View Replies]

To: Moonman62
Thank you Herr Doktor Fauci.
2 posted on 04/02/2020 6:20:26 AM PDT by SmokingJoe
[ Post Reply | Private Reply | To 1 | View Replies]

To: Moonman62

Just what the Democrats ordered.


3 posted on 04/02/2020 6:22:09 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Moonman62

Yikes, even for me, who is not easily shocked...that’s too damn many. We can’t last much beyond April 30th and have ANY chance of recovering with the next few years. But maybe that was the plan along with the Chinese, Obama’s fundamental changes they wanted. 30% unemployment, breakdown in social order, waiting for the next Fuehrer.....how it happens folks


4 posted on 04/02/2020 6:22:10 AM PDT by pburgh01 (Negan all the MSM)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Moonman62

The media is going to make this out to be a bad economy due to Trump and not because China is an ass-backwards country and can’t stop hoisting ugly viruses on the world.


5 posted on 04/02/2020 6:22:27 AM PDT by CatOwner
[ Post Reply | Private Reply | To 1 | View Replies]

To: Moonman62

The folks cannot live on checks from the government. Money has to come from productivity. The country is in deep financial doodoo right now, and will be until several months after everyone is back to work.


6 posted on 04/02/2020 6:23:09 AM PDT by I want the USA back (The US media is the most destructive, mendacious irresponsible institution that there is.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Moonman62

I’ve been quietly suggesting to my work mates that because we are in an office where we work the implementation of projects, and most of the projects are not “required” to be implemented, we should see some of them being cancelled and folks laid off.

Yesterday one of my projects was put on hold for a year. The first one. I expect many to follow, mainly because income is also drying up due to this lockdown.

I just started receiving SS, so I won’t be eligible for unemployment, but they are doing the $1200 a month thing which, comically, is surprisingly close to the maximum unemployment benefit in KY. :)


7 posted on 04/02/2020 6:23:10 AM PDT by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SmokingJoe

Wow. He’s such a small piece of the puzzle. You give him too much credit.

States did the shut downs, not the feds.

They did it base on what happened in China and that stupid report fro that “prestigious” institute.

And a bunch of other reasons.

And like I said, some states are just starting to implement 30 day shutdown.

I can’t even believe all of this


8 posted on 04/02/2020 6:23:37 AM PDT by dp0622 (Radicals, racists dont point fingers at me I'm a small town white boy Just tryin to make ends meet)
[ Post Reply | Private Reply | To 2 | View Replies]

To: I want the USA back

This is actually international but, yeah, the great depression is coming and is now unavoidable, even if the lockdown ended tomorrow.

This is gonna leave a mark.


9 posted on 04/02/2020 6:24:21 AM PDT by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Moonman62
We are going to destroy our economy just so a bunch of mostly 80 year old geezers with pre existing conditions don't get sick from another disease?
STOP THIS NONSENSE NOW.
10 posted on 04/02/2020 6:25:15 AM PDT by SmokingJoe
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeneMeneTekelUpharsin

Yup

And HRC isn’t testifying or in a court case, apparently.


11 posted on 04/02/2020 6:25:40 AM PDT by combat_boots (God bless Israel and all who protect and defend her. Merry Christmas! In God We Trust!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: I want the USA back

We will be in the mid 30 trillions as far as debt is concerned sooner than later.

AFTER all of this is said and done that’s gotta be tackled.

What is needed is for FAMILIES to go back to the old days where mom and pop were taken care of by the kids.

Cause everything’s gonna have to be cut.

NOTHING can be off the table.

Those 535 kings and queens need to be replaced (most of them) with people who will do real slashing.

It’s just that nobody or few can win reelection after cutting almost anything anymore.


12 posted on 04/02/2020 6:26:51 AM PDT by dp0622 (Radicals, racists dont point fingers at me I'm a small town white boy Just tryin to make ends meet)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Moonman62

I guess the evil rats and mediaVOMITS are happy now!.. now they’ll go for the final kill!! Trump has surrounded himself with a medical sabotager..fauci is nothing but gloom and doom hitlery butt kisser..he is taking orders from the swamp and the she devil ! Why isn’t he explaining that the majority of death are a combination of the virus plus, very important, preexisted comprised health issues!! The FIX IS IN..AGAIN! Ugh!!


13 posted on 04/02/2020 6:27:49 AM PDT by RoseofTexas
[ Post Reply | Private Reply | To 1 | View Replies]

To: Moonman62

But don’t you worry folks!! Dr. Fauci Doocie Do will keep his $350K per yer gubmint job. He will be just fine as he undermines anyone daring to point out that the impacts from the economic disaster could make this virus look like a piker.

Catch em on CNN folks, he’ll be doing his Stephen King routine all day.


14 posted on 04/02/2020 6:28:06 AM PDT by FlipWilson
[ Post Reply | Private Reply | To 1 | View Replies]

To: SmokingJoe; MeneMeneTekelUpharsin

China is Asshoe.


15 posted on 04/02/2020 6:28:50 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: I want the USA back
It's all about speed. If we reopen the country now, things could quickly get back to normal. This is an artificially created recession. Everybody is bursting to get out and get on with their lives.
Who the heck likes being cooped up in the house all day?
I have had to postpone several purchases i of stuff that I need because the shops have been shut.
16 posted on 04/02/2020 6:29:06 AM PDT by SmokingJoe
[ Post Reply | Private Reply | To 6 | View Replies]

To: CatOwner

MSM: The economy was on shaky group before the virus


17 posted on 04/02/2020 6:29:38 AM PDT by frogjerk (We are conservatives. Not libertarians, not "fiscal conservatives", not moderates)
[ Post Reply | Private Reply | To 5 | View Replies]

To: CatOwner
The media is going to make this out to be a bad economy due to Trump

The media huh?
OK


18 posted on 04/02/2020 6:31:49 AM PDT by SmokingJoe
[ Post Reply | Private Reply | To 5 | View Replies]

To: SmokingJoe

Weren’t a bunch of people flooding scare articles onto this site the past month?

Now that a bunch of people are out of work, now FR has switched over to “OMG, this isnt that big of a deal!!!!!!”

And that includes a few of those serial posters of those articles. Many of the rest seemed to have vanished.


19 posted on 04/02/2020 6:33:58 AM PDT by VanDeKoik
[ Post Reply | Private Reply | To 10 | View Replies]

To: dp0622
Wow. He’s such a small piece of the puzzle. You give him too much credit.

No.
Trump said he wants the country open by Easter, April 12. Then we see Fauci on CNN or MSDNC (I forget which), boasting about he walked into the Oval Office and changed Trump's mind on that.
Look, Fauci is a deep state, Hilary Clinton operative, working hard to get President Trump Defeated in November.

20 posted on 04/02/2020 6:36:34 AM PDT by SmokingJoe
[ Post Reply | Private Reply | To 8 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-28 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson