Thursday, September 17, 2020

Twenty Six Weeks Like No Other

Aaron Sojourner notes that with the latest weekly new claims for unemployment coming in at 860,000, it makes twenty-six weeks of unemployment at levels never seen since the Bureau of Labor Statistics has been tracking the number since 1967.

As I have been pointing out, this is not a normal business cycle downturn. It is the result of lockdown madness. A lot of destruction has occurred.


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