Jobless claims last week quadrupled previous record set in 1982. Get ready to lose your job, family health insurance, house, and retirement savings.

[RandomPoster]

US jobless claims soar to record 3.3 million as layoffs jump

"As job losses mount, some economists say the nation's unemployment rate could approach 13% by May. By comparison, the highest jobless rate during the Great Recession, which ended in 2009, was 10%.

The economic deterioration has been swift. As recently as February, the unemployment rate was at a 50-year low of 3.5%. And the economy was growing steadily if modestly. Yet by the April-June quarter of the year, some economists think the economy will shrink at its steepest annual pace ever — a contraction that could reach 30%.

Many people who have lost jobs in recent days have been unable to file for unemployment aid because state websites and phone systems have been overwhelmed by a crush of applicants and have frozen up. That logjam suggests that Thursday's report on filings for unemployment benefits actually understates the magnitude of job cuts last week."

Mass unemployment may be headed our way and the consequences may be devastating. During the Great Depression, suicide increased by 25%. Today, that would be an additional 11,000 deaths a year. However, that is only the tip of the iceberg. When you lose your job, you will eventually lose your health insurance for you and your family. This could very well lead to a drastic number of deaths and decreased quality of life as the quality of medical care your family receives will likely go down. This is because you will no longer be able support your own family and have to rely on whatever handout the government can spare. In turn, there will be less funding for our nation's increasingly overburdened healthcare system after an economic collapse. This can only exasperate the situation even further.

In short, America may be headed in the direction of Venezuela in the next couple of years if we don't stop the madness and get back to work.

 

[Hellbilly]

Whale oil beef hooked
(Say it really fast)

 

[initforme]

People aren't headed back to work anytime soon. It isn't happening by Easter. That's going to be a fact.

 

[Mac1958]

Maybe, maybe not. It's not a good idea to extrapolate out when there are so many variables. Vaccines can be found, the steps being taken could work, who the hell knows.

A sharp slowdown in the growth of the virus and a few pieces of good news could go a long way towards turning things around.

Ya never know.

 

[EdwardBaiamonte]

In short, America may be headed in the direction of Venezuela in the next couple of years if we don't

Actually, Venezuela is run by liberal fools whereas America is run by Republican conservatives so it cant happen at least as long as they are in charge

 

[sealybobo]

People aren't headed back to work anytime soon. It isn't happening by Easter. That's going to be a fact.

My company sent everyone home till april 4. Everyone except essential workers. me included. Yesterday they called me back as an essential worker. Companies have to operate or they’ll go out of business.

But anyone non essential might have to go on unemployment after April 4th. That buys them till September

 

[sealybobo]

In short, America may be headed in the direction of Venezuela in the next couple of years if we don't

Actually, Venezuela is run by liberal fools whereas America is run by Republican conservatives so it cant happen at least as long as they are in charge

Will republicans turn into socialists sending us all checks to get by? Who’s gonna pay that money back?

 

[OldLady]

US jobless claims soar to record 3.3 million as layoffs jump

"As job losses mount, some economists say the nation's unemployment rate could approach 13% by May. By comparison, the highest jobless rate during the Great Recession, which ended in 2009, was 10%.

The economic deterioration has been swift. As recently as February, the unemployment rate was at a 50-year low of 3.5%. And the economy was growing steadily if modestly. Yet by the April-June quarter of the year, some economists think the economy will shrink at its steepest annual pace ever — a contraction that could reach 30%.

Many people who have lost jobs in recent days have been unable to file for unemployment aid because state websites and phone systems have been overwhelmed by a crush of applicants and have frozen up. That logjam suggests that Thursday's report on filings for unemployment benefits actually understates the magnitude of job cuts last week."

Mass unemployment may be headed our way and the consequences may be devastating. During the Great Depression, suicide increased by 25%. Today, that would be an additional 11,000 deaths a year. However, that is only the tip of the iceberg. When you lose your job, you will eventually lose your health insurance for you and your family. This could very well lead to a drastic number of deaths and decreased quality of life as the quality of medical care your family receives will likely go down. This is because you will no longer be able support your own family and have to rely on whatever handout the government can spare. In turn, there will be less funding for our nation's increasingly overburdened healthcare system after an economic collapse. This can only exasperate the situation even further.

In short, America may be headed in the direction of Venezuela in the next couple of years if we don't stop the madness and get back to work.

View attachment 315704

The Greatest Generation weathered it and then went to Europe and Japan and kicked the Axis's asses. We will survive.

 

[EdwardBaiamonte]

Will republicans turn into socialists sending us all checks to get by? Who’s gonna pay that money back?

Socialism is when govt owns businesses not when it sends them and average people checks in a pandemic. Is this really over your heads

 

[EdwardBaiamonte]

Who’s gonna pay that money back?

same people who pay the other debt back. You and me in inflation and higher taxes.

 

[Briggs]

US jobless claims soar to record 3.3 million as layoffs jump

"As job losses mount, some economists say the nation's unemployment rate could approach 13% by May. By comparison, the highest jobless rate during the Great Recession, which ended in 2009, was 10%.

The economic deterioration has been swift. As recently as February, the unemployment rate was at a 50-year low of 3.5%. And the economy was growing steadily if modestly. Yet by the April-June quarter of the year, some economists think the economy will shrink at its steepest annual pace ever — a contraction that could reach 30%.

Many people who have lost jobs in recent days have been unable to file for unemployment aid because state websites and phone systems have been overwhelmed by a crush of applicants and have frozen up. That logjam suggests that Thursday's report on filings for unemployment benefits actually understates the magnitude of job cuts last week."

Mass unemployment may be headed our way and the consequences may be devastating. During the Great Depression, suicide increased by 25%. Today, that would be an additional 11,000 deaths a year. However, that is only the tip of the iceberg. When you lose your job, you will eventually lose your health insurance for you and your family. This could very well lead to a drastic number of deaths and decreased quality of life as the quality of medical care your family receives will likely go down. This is because you will no longer be able support your own family and have to rely on whatever handout the government can spare. In turn, there will be less funding for our nation's increasingly overburdened healthcare system after an economic collapse. This can only exasperate the situation even further.

In short, America may be headed in the direction of Venezuela in the next couple of years if we don't stop the madness and get back to work.

View attachment 315704

You must be a hit at parties.

 

[Vastator]

People aren't headed back to work anytime soon. It isn't happening by Easter. That's going to be a fact.

Funny... I’m headed back tomorrow...

 

[LAUGHatLEFTISTS]

Once the leftists and their media wing realize this latest crisis will not help them in November everything will get back to normal.

 

[The Banker]

Trump has failed us. He has underestimated this virus every day. He missed the window to contain the threat and now the US leads the world in virus cases, and soon deaths. And don't try and spin this and say that's what I want. Trump sheep will still find a way to defend his failures, that's what they do.