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Not a surprise, but still an astonishing number. Bear in mind that not everyone is eligible for UI, so true job losses bigger than 3 million — in one week 1/ cnbc.com/2020/03/26/wee…
Bear in mind that at the absolute worst of the Great Recession we were losing 800,000 jobs *per month*. So this is at least an order of magnitude worse 2/
Will the stimulus bill help? Not much — because it really isn't stimulus, nor should it be. This isn't a conventional recession, it's more like a medically induced coma; we want workers to stay home, and give them disaster relief, which is what the bill mostly does 3/
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