As expected, unemployment filings are continuing to flood into the system. Another 3.1 million unemployment claims were filed this past week bringing the total to 33.5 million since these deranged lockdowns were implemented.
CNBC:
Unemployment rolls continued to swell in the U.S. last week, though jobless claims hit their lowest level since the economy went into lockdown made to battle the coronavirus pandemic.
First-time filings for unemployment insurance hit 3.17 million last week, bringing the total to 33.5 million over the past seven weeks, the Labor Department reported Thursday. The total was slightly higher than the 3.05 million expected by economists surveyed by Dow Jones and below the previous week’s 3.846 million, which was revised up by 7,000.
Though the numbers remain stark, it was the lowest total since the second week of March, shortly after the World Health Organization declared the coronavirus strain a pandemic.
3.2 million more people filed for unemployment this week. That makes over 33 million people losing their jobs in the past several weeks. We have voluntarily created the Great Depression. This is truly unprecedented in world economic history. It’s past time to go back to work.
— Clay Travis (@ClayTravis) May 7, 2020
I agree with Clay. Everything needs to immediately reopen. The original reason for the lockdowns was to ensure that the hospital system wasn’t going to get overwhelmed. We knew the system wasn’t being overwhelmed around mid to late March. The lockdowns should have been immediately lifted at that time. Especially after people were sharing video of empty hospitals everywhere.
But instead, they’ve moved the goalposts claiming we need to keep the lockdown to stop the spread of the virus which was not the original purpose of the lockdowns nor the goal. So now you have a situation where these stupid lockdowns have been redirected into a deliberate attempt to financially destroy and ruin America’s middle class under the guise of “public health.”
Well, I can say with great certainty that “public health” won’t be good if you have half the country unemployed.
