Will unemployment break 10 percent next month?

[OldLady]

I'm thinking more like 20%.

In one month? Maybe in 4.

There are one million small businesses in the US. More than 1/2 are closed.

How can that many businesses stay closed indefinitely and still remain in business?

Hopefully businesses are adequately insured and there's enough bailout money to go around. If housing gets dragged in, this is going to be worse than 2008. Much worse.

Our governor sees those individual checks for $1200 as a way to pay rent or mortgage payments--so housing doesn't get dragged in.

 

[rightwinger]

Looks like millions are out of work because of the virus. What will it do to the unemployment rate?

If they still have a job nothing... they fall into the same category as sick and vacationing workers

Around here, at least for restaurant and store workers, employers are calling them "laid off" so they can collect unemployment until things reopen. Then they will be "rehired."

Which is why the "shower of checks" is a terrible idea.. EVERYTHING should be focused to the Unemployed right now.. Because largely the govt reaction is CREATING the unemployed...

Retirees don't NEED the supplemental income.. THey didn't have it a month ago...

Should be opening new unemployment centers and staffing them WITH the unemployed...

Spreading money into the economy does not help. Businesses are closed because of virus, not because they need money

 

[OldLady]

Looks like millions are out of work because of the virus. What will it do to the unemployment rate?

If they still have a job nothing... they fall into the same category as sick and vacationing workers

Around here, at least for restaurant and store workers, employers are calling them "laid off" so they can collect unemployment until things reopen. Then they will be "rehired."

Which is why the "shower of checks" is a terrible idea.. EVERYTHING should be focused to the Unemployed right now.. Because largely the govt reaction is CREATING the unemployed...

Retirees don't NEED the supplemental income.. THey didn't have it a month ago...

Should be opening new unemployment centers and staffing them WITH the unemployed...

What if the retirees retirement income was market based? Or near retirees have 401k's?

Draws on most SEP/IRAs are quarterly at best... That's the mgt arrangement used.. Same with 401Ks. It's not like you're writing checks or paying bills out of those accounts.. And LIKELY -- if you've retired a LONG time, there's a cash reserve good for 4 to 8 months in there..

What's gonna hurt them is near zero interest rates if they have cash OUTSIDE those accounts... But the attitude since 2008 has been "screw them" -- the economy needs it...

If they did not NEED a stimulus check 4 months ago -- they don't need one now.. The unemployed should be the focus of the Swamp "rain makers"....

There are 16 million self-employed people who can't file for unemployment. There are people like me who are still "working" remotely but have had my hours significantly cut. People on unemployment are already going to get a check each week. What about us?

 

[rightwinger]

I'm thinking more like 20%.

In one month? Maybe in 4.

There are one million small businesses in the US. More than 1/2 are closed.

How can that many businesses stay closed indefinitely and still remain in business?

Hopefully businesses are adequately insured and there's enough bailout money to go around. If housing gets dragged in, this is going to be worse than 2008. Much worse.

Our governor sees those individual checks for $1200 as a way to pay rent or mortgage payments--so housing doesn't get dragged in.

I hope it is used wisely. I wish they gave people who are forced out of work $10,000 and nothing to those still working or retired.

 

[Polishprince]

Looks like millions are out of work because of the virus. What will it do to the unemployment rate?

Maybe higher than that. Millions of bartenders, beauticians, blackjack dealers, hoes and pimps are all out of work due to the Obama-Biden Plague. I think a lot of people don't realize about the Biden Family's involvement in China with his beloved son, or the Obama Family's either- B. Hussein O's brother is Red Chinese.

Fortunately, the government is starting to move at Trump-Speed, so people won't be out of work for long. President Trump has discovered that certain anti-malarial narcotics do a real number on the virus. The Trump FDA has already approved the drug, all that we are waiting on now is approval to change the label. Doctors can already prescribe it to their patients.

 

[rightwinger]

Looks like millions are out of work because of the virus. What will it do to the unemployment rate?

Maybe higher than that. Millions of bartenders, beauticians, blackjack dealers, hoes and pimps are all out of work due to the Obama-Biden Plague. I think a lot of people don't realize about the Biden Family's involvement in China with his beloved son, or the Obama Family's either- B. Hussein O's brother is Red Chinese.

Fortunately, the government is starting to move at Trump-Speed, so people won't be out of work for long. President Trump has discovered that certain anti-malarial narcotics do a real number on the virus. The Trump FDA has already approved the drug, all that we are waiting on now is approval to change the label. Doctors can already prescribe it to their patients.

You Goofy

 

[OldLady]

In one month? Maybe in 4.

There are one million small businesses in the US. More than 1/2 are closed.

How can that many businesses stay closed indefinitely and still remain in business?

Hopefully businesses are adequately insured and there's enough bailout money to go around. If housing gets dragged in, this is going to be worse than 2008. Much worse.

Our governor sees those individual checks for $1200 as a way to pay rent or mortgage payments--so housing doesn't get dragged in.

I hope it is used wisely. I wish they gave people who are forced out of work $10,000 and nothing to those still working or retired.

Gee, thanks a lot.

 

[Fang]

Democrats on this tread salivating at the thought of the virus getting worse and many Americans dying before the November election. So disgusting. We now know who the true American haters are.

 

[Polishprince]

Democrats on this tread salivating at the thought of the virus getting worse and many Americans dying before the November election. So disgusting. We now know who the true American haters are.

If this matter resolves and America come roaring back this year, the Libs will be upset as Trump will be re-anointed as President.

They would rather 25 million people die and the Stock Market plummets to under 6500 like when Obama was President, if it meant Sleepy Joe gains the throne.

Although they'd rather see a collapse even if Biden were to lose, as it would punish the American people for the audacity of electing Trump

 

[rightwinger]

There are one million small businesses in the US. More than 1/2 are closed.

How can that many businesses stay closed indefinitely and still remain in business?

Hopefully businesses are adequately insured and there's enough bailout money to go around. If housing gets dragged in, this is going to be worse than 2008. Much worse.

Our governor sees those individual checks for $1200 as a way to pay rent or mortgage payments--so housing doesn't get dragged in.

I hope it is used wisely. I wish they gave people who are forced out of work $10,000 and nothing to those still working or retired.

Gee, thanks a lot.

I am retired.
$1000 would be nice but I would rather see it go to those who are struggling right now.

 

[rightwinger]

Democrats on this tread salivating at the thought of the virus getting worse and many Americans dying before the November election. So disgusting. We now know who the true American haters are.

Which post on this thread had people salivating?

 

[Bruce_T_Laney]

Looks like millions are out of work because of the virus. What will it do to the unemployment rate?

Might break 50% when all is done...

Who knows...

 

[OldLady]

How can that many businesses stay closed indefinitely and still remain in business?

Hopefully businesses are adequately insured and there's enough bailout money to go around. If housing gets dragged in, this is going to be worse than 2008. Much worse.

Our governor sees those individual checks for $1200 as a way to pay rent or mortgage payments--so housing doesn't get dragged in.

I hope it is used wisely. I wish they gave people who are forced out of work $10,000 and nothing to those still working or retired.

Gee, thanks a lot.

I am retired.
$1000 would be nice but I would rather see it go to those who are struggling right now.

I'm not retired and my hours have been cut way back.

 

[jknowgood]

Looks like millions are out of work because of the virus. What will it do to the unemployment rate?

 

[OldLady]

In one month? Maybe in 4.

There are one million small businesses in the US. More than 1/2 are closed.

How can that many businesses stay closed indefinitely and still remain in business?

Hopefully businesses are adequately insured and there's enough bailout money to go around. If housing gets dragged in, this is going to be worse than 2008. Much worse.

Our governor sees those individual checks for $1200 as a way to pay rent or mortgage payments--so housing doesn't get dragged in.

I hope it is used wisely. I wish they gave people who are forced out of work $10,000 and nothing to those still working or retired.

I'm not the only one who has had my hours cut. Every gas station/convenience store in town has shortened its hours so they're paying less shifts; not many people are on the road, so every place that is still open is slow. I've talked to workers who have had their hours cut in half because of it, but they still have a job and they're not going to leave it because...there's nowhere else to go right now. It's not just in our little town. There are a lot of people who are not eligible for unemployment

 

[MindWars]

We'v'e told you dumb ass this economy will never return they have plans for you idiots who love the feds so much YOUR GONNA BE THEIR SLAVES lmfao dumbasses. You never saw it coming and you will never see it coming.

All those ppl you laughed at all you dumb mother fkrs are going to find out how funnnny those tin foil hats are -- better start remembering what those GREAT GRAND PARENTS TOLD YOU ASSES AND HOW THE HILLS OF WEST VA. PPL STARVED TO DEATH and lived in fkn dirt huts MORONS!!

YOU HATE AMERICA YOU DUMB FKRS PARTLY WON we are down on our kneed you pigs

reality will hit when this is all over and you realize. just how much you clueless pigs sold out your country perm you just fkd ur kids MORONS better hope we can turn this aorund.

THIS IS NOT TRUMPS DOING EITHER IDIOTS!!

MARTIAL LAW HAS BEEN IN PLACE SINCE BUSH MORONS THAT' SHOW GAWD DAM CLUELESS U IDIOTS ARE.
now that it's all happening u losers are craping bricks and all u can do is blame Trump lmfao.

Trust us YOU ARE NOT READY FOR WHAT'S COMING!! lol

 

[rightwinger]

Economically, we are in free fall

Stock market has dropped 33 percent
Unemployment will go over 20 percent
GDP will go into deep negative range.

We should recover but it will not be like turning a switch. Many businesses will not recover

 

[flacaltenn]

Looks like millions are out of work because of the virus. What will it do to the unemployment rate?

If they still have a job nothing... they fall into the same category as sick and vacationing workers

Around here, at least for restaurant and store workers, employers are calling them "laid off" so they can collect unemployment until things reopen. Then they will be "rehired."

Which is why the "shower of checks" is a terrible idea.. EVERYTHING should be focused to the Unemployed right now.. Because largely the govt reaction is CREATING the unemployed...

Retirees don't NEED the supplemental income.. THey didn't have it a month ago...

Should be opening new unemployment centers and staffing them WITH the unemployed...

Spreading money into the economy does not help. Businesses are closed because of virus, not because they need money

And when I hear that EVERY SECTOR is at the trough RIGHT this minute while Congress is mucking stuff up and that the "tourism industry" needs a bail-out and NOT the tourism industry EMPLOYEES --- It's time to for a couple million Americans to LOBBY their asses right back to their hotels and casinos...

CALL --- Tell them to FOCUS on the laid off or fired....

 

[flacaltenn]

Economically, we are in free fall

Stock market has dropped 33 percent
Unemployment will go over 20 percent
GDP will go into deep negative range.

We should recover but it will not be like turning a switch. Many businesses will not recover

This is uncharted ground.. THere is no "on/off" frankenstein like switch for an economy this size.. NO parallels to learn from.. I IMAGINE, like any complex system it's gonna oscillate and swing wildly when recovery starts...

Need to keep the economic witch doctors SEDATED for many months so they don't **** it up....

 

[C_Clayton_Jones]

Looks like millions are out of work because of the virus. What will it do to the unemployment rate?

‘As the coronavirus pandemic shuts down business across the county, a surge in newly laid off workers is crashing states' unemployment websites.

In Ohio, more than 48,000 people applied for jobless benefits during the first two days of this week — 26 times the amount from the week before.

In neighboring Pennsylvania, about 70,000 people sought unemployment aid in a single day — six times the total for the entire previous week.

In Kentucky, the state's unemployment assistance site and phone lines went down amid a fourfold surge in applications.

Oregon's unemployment website went down on Monday, just as the state's governor was announcing a closure of bars and restaurants.

New York State on Tuesday received 21,000 calls from people asking about unemployment benefits — a tenfold increase from the week before. Website visits tripled, periodically crashing the system.”

The number of workers filing for unemployment could exceed the 660,000 a week reached during the Great Recession and even the 695,000 hit during the recession of 1982, said Joe Brusuelas, chief economist at RSM, a global accounting consultancy.

"Given the three shocks—supply, demand, and financial—that are cascading in the real economy as we speak, we are likely to exceed the all-time high sometime in next two months," Brusuelas said.’

So many people are filing for unemployment, it's crashing government websites

The Great Recession started in December of 2007; by August of 2008 the unemployment rate was at 6.1 percent.