The unemployment claims keep piling up. Another 6.6 million people filed for unemployment this past week. If there’s any curve we need to look at flattening it is the unemployment chart. There is simply no historical precedence for this.
CNBC:
Jobless rolls continued to swell due to the coronavirus shutdown, with 6.6 million Americans filing first-time unemployment claims last week, the Labor Department reported Thursday.
That brings the total claims over the past three weeks to more than 16 million. If you compare those claims to the 151 million people on payrolls in the last monthly employment report, that means the U.S. has lost 10% of the workforce in three weeks.
Large numbers of people are going to die because they no longer have the ability to make money and buy food to eat. These deaths are undoubtedly going to be exponentially higher than the inflated death totals we are seeing from the virus. Yet despite that, we are told that this lunatic lockdown has to continue.
I don’t believe that we’ve even seen the full extent of the economic damage that’s been done. There were all sorts of reports over the past few weeks from people who were unable to file claims because the government websites that process these claims have been unable to handle the volume.
There were previous projections from the Federal Reserve stating that we could potentially see 30 percent unemployment, but I believe we could be facing a situation where the numbers will be worse than that.
The Daily Stormer published an article today describing how hotels are 80 percent empty. This shows that the hospitality and tourism industries have been devastated.
Needless to say, this is a really bad situation. If you lost your job and livelihood over this, you should be really angry at what the government has done.
