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Unemployment claims tomorrow morning?

Posted on 3/25/20 at 9:45 pm
Posted by hubreb
Member since Nov 2008
2165 posts
Posted on 3/25/20 at 9:45 pm
Been averaging around 250-270 for several months...survey 1.6mm...rumor California is 1mm alone...I'm setting over/under at 2.9mm...would be much higher except most layoffs happening last two days...over/under?


Posted by NYNolaguy1
Member since May 2011
21849 posts
Posted on 3/25/20 at 9:45 pm to
2.5 MM per senators on the Senate floor.

Crazy numbers.
Posted by philly444
stuck in contraflow
Member since Nov 2008
12421 posts
Posted on 3/25/20 at 9:46 pm to
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 3/25/20 at 9:47 pm to
Whatever you think it is, it'll be higher.

I think it's going to shock a lot of people. Shame on Congress for not passing the relief bill.
Posted by DaTroof
Louisiana
Member since Jun 2015
992 posts
Posted on 3/25/20 at 9:47 pm to
Average 350 around here
Posted by 3morereps
The Gym
Member since Jun 2015
6735 posts
Posted on 3/25/20 at 9:47 pm to
I heard 800,000 is anticipated number. those figures are shocking
Posted by mmmmmbeeer
ATL
Member since Nov 2014
10189 posts
Posted on 3/25/20 at 9:47 pm to
April 3rd, when BLS releases the monthly unemployment report, is going to a fricking bloodbath in the markets.
Posted by tLSU
Member since Oct 2007
8692 posts
Posted on 3/25/20 at 9:49 pm to
Dow futures don't seem to be optimistic.
Posted by ClampClampington
Nebraska
Member since Jun 2017
4051 posts
Posted on 3/25/20 at 9:52 pm to
I think your number may be in the ballpark. It's going to be ugly. This is pure conjecture, but the main parking lot outside my complex is typically pretty well empty by 8 or 9 am, then is full again around dinner time. I'd say 80% of the vehicles that would typically be gone during the day hours, don't leave the complex now
Posted by aTmTexas Dillo
East Texas Lake
Member since Sep 2018
24679 posts
Posted on 3/25/20 at 9:53 pm to
quote:

those figures are shocking

I'm not shocked. Whole sectors of the economy have shut down. It's unsurprising given we are to isolate because of this extremely contagious pathogen. Good thing is this is likely a once and a lifetime thing.
Posted by hubreb
Member since Nov 2008
2165 posts
Posted on 3/25/20 at 9:53 pm to
quote:

Dow futures don't seem to be optimistic


Only down 38 points at right now

I think next week's IJC will be 5mm...we will see epic collapse of everything
Posted by tLSU
Member since Oct 2007
8692 posts
Posted on 3/25/20 at 9:55 pm to
Right, but down 38 with the prospect of the stimulus passing built into that -38. Since more than half of that faded after lunch today.

ETA: and down almost 100 now.
This post was edited on 3/25/20 at 9:56 pm
Posted by magildachunks
Member since Oct 2006
36637 posts
Posted on 3/25/20 at 9:55 pm to
quote:

Good thing is this is likely a once and a lifetime thing.



So I heard you can catch it twice.

Apparently China has released this information.

Is this true?
Posted by aTmTexas Dillo
East Texas Lake
Member since Sep 2018
24679 posts
Posted on 3/25/20 at 9:56 pm to
quote:

So I heard you can catch it twice.

quote:

Is this true?

I'd consider it a single event in that case. But I'm not a doctor.
Posted by Tigerpaw123
Louisiana
Member since Mar 2007
17921 posts
Posted on 3/25/20 at 9:56 pm to
It will be epic, lots of biz have been waiting to furlough employees until they had a plan, lots of layoffs and furloughs coming, and that won’t even be the real number as rumors are biz can take out a SBA loan and all payroll expenses do not have to be repaid
Posted by hubreb
Member since Nov 2008
2165 posts
Posted on 3/25/20 at 10:01 pm to
Unless you have cut workers.. personally have heard of 8k layoffs between neighbor and sister's companies...both weren't fired but had pay cuts
Posted by mmmmmbeeer
ATL
Member since Nov 2014
10189 posts
Posted on 3/25/20 at 10:01 pm to
quote:

So I heard you can catch it twice.

Apparently China has released this information.

Is this true?



I'm not a doctor either but it's a virus. We develop antibodies which are what protect us from repeat infection. That said, we don't know how long those antibodies stay in our system, nor do we know if the current virus will mutate in some way rendering our antibodies useless. This is why the concoction in annual flu shots aren't always the same. They make a calculated guess which strains are most active for a particular year and try to boost your immunity to those strains. If they're wrong, a lot of people get sick regardless of having had a flu shot.
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