ST Alpha - "3.2 million more Americans applied for unemployment last week, pushing total jobless claims for the last seven weeks to more than 33 million -- (link)" (Reading a Post)

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3.2 million more Americans applied for unemployment last week, pushing total jobless claims for the last seven weeks to more than 33 million -- (link)

Posted by ty97 May 7 '20, 05:35

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https://twitter.com/New_Narrative/status/1258374681914159104 (twitter.com)

Responses:

so...24% unemployment rate? -- (edited) - znufrii, silly old man May 7, 05:53 1
- also, I expect tomorrow's job numbers to take us back to 2011 in terms of total non-farms job. Baking in all the job losses so far takes us back to 1996 -- nm* - znufrii, silly old man May 7, 06:10
Hey that's almost a Canada. -- nm* - Shaun May 7, 05:49
And very few people are getting anything from UI so we've got a lot of people that are going to start getting desperate and angry. - Krusty May 7, 05:43
This is a big part of why I don't understand why the market is where it is right now -- nm - ty97 May 7, 05:35 5
- I mean, it's been flat for ~a month at a 15% drop. -- nm - Reagen May 7, 06:48
- Because of Trump duh -- nm - JackDawson May 7, 06:46
- I'm by no means a financial person, but right now companies are reporting Q1 earnings - JaxSean May 7, 06:09
- Priced in - oblique May 7, 05:43 1
  - Wouldn't capital inelasticity (if that's even the right word for it) be the exact opposite of the economic impact being "priced in"? -- nm* - znufrii, silly old man May 7, 06:15

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