The Labor Department reported on Thursday morning that 3,839,000 unemployment claims were made in the U.S. during the week ending on April 18.
About 30 million jobless claims have been filed since the coronavirus began devastating the U.S. economy six weeks ago.
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Some House Republicans in recent weeks have not exactly been shy about their interest in reviving the party’s longtime passion…
For anyone interested in keeping count, that brings us to 30 million jobs lost during the COVID-19 crisis with a U3 unemployment rate at 15%.
So much winning! And I, for one, am getting tired of all the winning.
Don’t worry — summer is on its way and with the warm weather and sun the virus will just go “poof” and everything will go right back to where it was before!
Sez Moron-in-Chief.
Checking around - seems the highest rate during the Great Depression was near 25%. But statistical metric tracking has evolved since then.
It was around 10% during the “Great Recession” - which we’ve exceeded.
At the household level, the unemployment rate isn’t 15pct or 20pct. It’s more like 50pct or 100pct, repeated over and over and over…