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The upcoming job losses will be unlike anything the US has ever seen

From cnbc.com

When the damage the coronavirus inflicts on the U.S. jobs market becomes clearer, it could be unlike anything the country has ever seen. Judging by a host of forecasts from economists, the avalanche of furloughs will easily break the record for most in a single month. Upcoming weekly jobless claims will shatter the standards set even during the worst points of the financial crisis and the early-1980s recession. Those numbers are expected to be bad, in fact, that the Trump administration, according to several media reports, has asked state officials to delay releasing precise counts. While the headline unemployment ... (full story)

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  • Category: Fundamental Analysis