Re:Why Is the Stock Market Booming?
by ardy42 on Friday April 10, 2020 @01:52PM
(#22835457)
> Also, don't forget that 16 million(!!) Americans are unemployed right now.
It's actually worse than that. The 16.8 million figure is for new jobless claims over the last three weeks [1]. There's additional people who were already unemployed before this, and there may be even more who've lost their jobs but haven't been able to successfully file a unemployment claim yet (due to the systems being overwhelmed).
It's actually worse than that. The 16.8 million figure is for new jobless claims over the last three weeks [1]. There's additional people who were already unemployed before this, and there may be even more who've lost their jobs but haven't been able to successfully file a unemployment claim yet (due to the systems being overwhelmed).
[1] https://www.nytimes.com/2020/04/09/business/economy/unemploy...