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6.6m new jobless claims last week
Posted on 4/2/20 at 7:35 am
Posted on 4/2/20 at 7:35 am
I know a big number was expected, but wow.
This post was edited on 4/2/20 at 7:37 am
11
Posted on 4/2/20 at 7:37 am to olgoi khorkhoi
wait till next week 
Posted on 4/2/20 at 7:39 am to olgoi khorkhoi
LINK
If anyone wants to see the report.
It went from 282,000 two weeks ago, to 6.65 million.
If anyone wants to see the report.
It went from 282,000 two weeks ago, to 6.65 million.
This post was edited on 4/2/20 at 7:42 am
Posted on 4/2/20 at 7:41 am to olgoi khorkhoi
this Country isn’t going to survive past April 30
Posted on 4/2/20 at 7:43 am to olgoi khorkhoi
I'm sure most states are doing what Kentucky is doing, letting everyone apply for Unemployment, even if they are substitute teachers and independent contractors.
Claims vs approved are 2 different things, but I would agree, it's going to get worse before it gets better.
Claims vs approved are 2 different things, but I would agree, it's going to get worse before it gets better.
Posted on 4/2/20 at 7:47 am to olgoi khorkhoi
Markets about to take off.
Posted on 4/2/20 at 7:49 am to Chef Free Gold Bloom
With these numbers the unemployment rate is gonna be over 10% on next release.
Posted on 4/2/20 at 7:51 am to olgoi khorkhoi
Futures relatively flat so far. We shall see what's in store for us today 
Posted on 4/2/20 at 7:57 am to olgoi khorkhoi
I’m sure that number includes all the independent proprietors who normally wouldn’t file.
Posted on 4/2/20 at 7:59 am to rintintin
quote:
With these numbers the unemployment rate is gonna be over 10% on next release.
The parallels between this and the Great Depression are staggering.
Down to the liberal New York Governor running for president after the crisis and promising free money to everyone.
This post was edited on 4/2/20 at 8:04 am
Posted on 4/2/20 at 8:00 am to gatorsimz
Friend at Hilton just got a 90 day furlough. Her department of 500 got an email notifying them all at the same time.
I suspect most of the unemployment claims up to this point are small businesses and service workers (e.g., restaurant industry) and we will soon have an influx of white collar employees getting let go.
I suspect most of the unemployment claims up to this point are small businesses and service workers (e.g., restaurant industry) and we will soon have an influx of white collar employees getting let go.
Posted on 4/2/20 at 8:02 am to gatorsimz
quote:
Futures relatively flat so far. We shall see what's in store for us today
Yeah, I was expecting a drop and was sitting on a few buys....
Posted on 4/2/20 at 8:05 am to olgoi khorkhoi
quote:
I know a big number was expected, but wow.
Posted on 4/2/20 at 8:07 am to HailToTheChiz
quote:
know a big number was expected, but wow
Almost every single restaurant worker, bar worker, and lower level hospitality worker is unemployed right now.
Couple that with dentists, elective surgery, retail sales, etc....
Posted on 4/2/20 at 8:09 am to olgoi khorkhoi
Now employers know what they can do to get fed help and that their employees will be taken care of by the government. This shouldn’t be surprising.
Posted on 4/2/20 at 8:12 am to gatorsimz
quote:
Futures relatively flat so far
Where are you looking? Futures dropped about 1.5% less than 10 min after release. Down about 2.2% now.
Posted on 4/2/20 at 8:14 am to rintintin
quote:Actually, where are YOU looking?
Down about 2.2% now.
Posted on 4/2/20 at 8:14 am to rintintin
1.5-2% drop is considered relatively flat these days.
Posted on 4/2/20 at 8:16 am to rintintin
Futures were up big, then dropped to flat after Jobless claims release.
Oil is up big right now, so that is offsetting the affect of the jobless claim number.
Oil is up big right now, so that is offsetting the affect of the jobless claim number.
Posted on 4/2/20 at 8:19 am to Lgrnwd
Ah...the Bernie Sanders economy...where government provides everything.
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