“Labor Department will likely report [next week] that roughly 3 million Americans have filed first-time claims for unemployment assistance, more than four times the record high set in the depths of the 1982 [Republican] recession”
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washingtonpost.com/business/2020/…
“That’s just the start of a surge that could send the jobless rate spiking to 20 percent from today’s 3.5 percent, a JPMorgan Chase economist told clients on a conference call Friday.”
In 1932 during the Great Republican Depression (1929-39) it was 23%.
washingtonpost.com/business/2020/…
In 1932 during the Great Republican Depression (1929-39) it was 23%.
washingtonpost.com/business/2020/…
‘Get out, get out while you can before they shutter the whole darn U.S.' Financial Economist Rupkey wrote to clients. ‘Fastest recession in history. With no one spending a dime, it will stay that way a long, long time.’
1929-39 Depression lasted 10 years
washingtonpost.com/business/2020/…
1929-39 Depression lasted 10 years
washingtonpost.com/business/2020/…
