Jobless claims continue to be high. 881,000 people filed for unemployment this past week.
U.S. weekly jobless claims total 881,000, vs 950,000 expected https://t.co/wsIDjddTNJ
— CNBC Now (@CNBCnow) September 3, 2020
This is the lowest number of jobless claims since this virus hoax insanity began. But the number is still unbelievably horrific.
Back during the 2008 crash, the highest number of jobless claims in a week was just under 700,000. If that doesn’t illustrate the economic destruction we are living through, than nothing will. We’ve had five straight months of these types of numbers. My guess is that roughly half the country is unemployed right now.
The economy is totally broken. What are all these unemployed people going to do when they’ve maxed out their credit cards and the government stimulus runs out?
This is such a bad situation. What future is there for this country? I hope all of you are getting prepared like I am. You should not expect things to get better, you should expect things to get much worse.