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My job has been inundated with applications from people who are not even in tech in any way (think like barbers & home depot workers). I see now why so many companies use automation to filter out resumes.
Building on my analysis from last week: 1. This week's 6.6M new jobless claims represents ~4% of the estimated ~160-165M US Workforce. 2. This is incremental to the 3.3M new jobless claims filed week ending 3/21, totaling ~10M total jobless claims in the past 2 weeks. 3. The US unemployment rate was ~3.5% as of EOM February [1], so cumulatively that means we've hit ~10% unemployment as of EOW 3/28 (~10M incremental j…
Earlier quoted context omitted.
And they want us to believe that it will be ok because of a $1200 check and state unemployment benefits....
..and an additional $60,0000 national debt per household.
My job has been inundated with applications from people who are not even in tech in any way (think like barbers & home depot workers). I see now why so many companies use automation to filter out resumes.
To what type of positions ? So like a barber for a random secretary or mail room etc? Or just all up and down the chain
Building on my analysis from last week: 1. This week's 6.6M new jobless claims represents ~4% of the estimated ~160-165M US Workforce. 2. This is incremental to the 3.3M new jobless claims filed week ending 3/21, totaling ~10M total jobless claims in the past 2 weeks. 3. The US unemployment rate was ~3.5% as of EOM February [1], so cumulatively that means we've hit ~10% unemployment as of EOW 3/28 (~10M incremental j…
I'm also hearing this morning that we've hit the 10% mark. I also heard the same economist say "The economy is collapsing, and it's a global collapse". I don't even need coffee to be alert the rest of the day...
Future generations will look at us and wonder how we were this stupid.
Building on my analysis from last week: 1. This week's 6.6M new jobless claims represents ~4% of the estimated ~160-165M US Workforce. 2. This is incremental to the 3.3M new jobless claims filed week ending 3/21, totaling ~10M total jobless claims in the past 2 weeks. 3. The US unemployment rate was ~3.5% as of EOM February [1], so cumulatively that means we've hit ~10% unemployment as of EOW 3/28 (~10M incremental j…
I encourage you to take a look at your customer base and think very critically about where that money is actually coming from.
It's is highly likely that these high numbers continue for additional weeks because all the people who couldn't get through will manage to get through in upcoming weeks.
Building on my analysis from last week: 1. This week's 6.6M new jobless claims represents ~4% of the estimated ~160-165M US Workforce. 2. This is incremental to the 3.3M new jobless claims filed week ending 3/21, totaling ~10M total jobless claims in the past 2 weeks. 3. The US unemployment rate was ~3.5% as of EOM February [1], so cumulatively that means we've hit ~10% unemployment as of EOW 3/28 (~10M incremental j…
The forecasted unemployment rate is weird: economists are not forecasting a major increase for April 03s release. Do you happen to know why? https://tradingeconomics.com/united-states/unemployment-rate
Don’t ask me why they don’t just use the weekly numbers.
Expected 3M. This new figure is about 10x financial crisis high.
And they want us to believe that it will be ok because of a $1200 check and state unemployment benefits....
Not true. The unemployment benefits have also been augmented by up to $600/week above state unemployment benefits. This amount applies even if your state benefits have been exhausted.
The $1200 is an extra stimulus check for people whether or not they’re still employed. Not to be confused with the unemployment benefits.