Following new unemployment claims of 3.28 million last week, the jobless claims number this week came in at 6.6 million.
Specifically, in the week ending March 28, the initial claims were 6,648,000, an increase of
3,341,000 from the previous week's revised level. This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series. Driven, of course, by the government ordered such downs of most of the US economy.
Before recent weeks, the worst week for unemployment filings was 695,000 in 1982.
-RW
I'm sick of hearing that this is caused by the bug. It's caused by the state's ridiculous reaction to the bug. But you'll never hear it stated that way.
ReplyDeleteIts part of the scripted playbook action for the financial reset in Murica!
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