1.4 Million Unemployment Claims Filed Last Week

discobot · July 23, 2020, 12:34pm

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This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1321992

steviedee111 · July 23, 2020, 12:42pm

The Labor Department puts out fake numbers. Everybody knows that. Everyone agrees.

mec · July 23, 2020, 12:45pm

Except when they don’t. Fortunately, it’s easy to tell the difference.

demosthenes59 · July 23, 2020, 12:49pm

“Only 1.4 million more unemployed? Who cares? I’m making a fortune in the stock market.”

Thought balloon for Trump

hagarwood · July 23, 2020, 12:49pm

And MoscowMitch laughs about passing the new pandemic aid soon AND wants to cut the additional unemployment from $600 to $100 per week!

Cruelty and Callousness is a feature!

Find something new to do MoscowMitch!

grandpajoe · July 23, 2020, 1:19pm

I love how all the media sources are presenting this increase like it’s a major turnaround and that the previous months had in some way been a return to normal. 1.3 million filed last week. At the height of the ‘Great Recession’ 665,000 people filed.

jwbuho · July 23, 2020, 1:21pm

Good heavens. This is a perfect storm of bad news.

Trump and the Republicans are already getting raked over the coals for their (mis)handling of the pandemic and enabling Trump. It’s beyond my slow-of-study mind to understand how they think they’ll avoid more of the same through inaction or reducing benefits or protecting people from lawsuits who really don’t need protecting. You’d think that sheer, cynical, political calculation, if nothing else, would cause them to do what’s right.

becca656 · July 23, 2020, 1:27pm

My daughter has already told me the loss of the 600 will negatively impact the farm, since son in law was laid off in May. They may come to me for more financial support than I’m already doing, but I stand to lose my contract at the end of August with nothing new in sight, so I’m not quite sure how this will all work.

becca656 · July 23, 2020, 1:29pm

Yeah, but at the same time the overall population of the country was lower. We’re at 330 million now; in 1929, the US population came in at around 120 million, so let’s look at these numbers as a percentage of the whole at the time.

steviedee111 · July 23, 2020, 1:33pm

We’re flattening the curve. On the V.

tiowally · July 23, 2020, 1:39pm

I’ll bet if they could attach another tax cut for the 1%-er “job creators” they might possibly double that $100 “bailout” for the great unwashed hoi polloi.

grandpajoe · July 23, 2020, 1:44pm

I said Great Recession. That was 2009.

becca656 · July 23, 2020, 1:51pm

Oh, whooops…

darcy · July 23, 2020, 2:07pm

$100 “bailout” for the great unwashed hoi polloi.

Better yet, let’s all become Deplorables and burn the whole fucking house down. Just a thought.

paulw · July 23, 2020, 2:07pm

If I understand correctly, these aren’t totals, they’re new claims, right? So it’s actually a derivative. Things are getting worse faster.

bankerpup · July 23, 2020, 2:08pm

OT–
Texans don’t believe it’s safe to reopen schools. Those with the means to do so are looking for other options for their kids. Those without the means become another statistic in the educational gap between rich and unrich.

jouzu · July 23, 2020, 2:28pm

Terrible. Just awful. I hope you and your family will get through.

rascal_crone · July 23, 2020, 2:50pm

“The rise in weekly jobless claims to 1.4 million underscores the outsize role the unemployment insurance system is playing among the nation’s safety net programs”

Oh (AP) - A journalist without conservative bias
would have used the word ‘important’ to describe that role.

becca656 · July 23, 2020, 3:16pm

They are working their tails off with new product launches and stuff. He’s giving himself until November to see how well they can sustain themselves before he ‘tries something new’ and gets back into the marketplace.

I just lost out on a new gig this morning myself (which I pretty much suspected once the interview was finished on Friday). So the slog goes on.

rickeu · July 23, 2020, 3:41pm

It’s not really derivative or the net change either as there are some people that were unemployed earlier and just found a job. After all, the total number of unemployed had been going down since May despite there had been almost all the time considerably higher amounts of inital claims than the current 1.4 million.

but just based on the news, it’s fairly obvious things aren’t getting better right now, even if it will take little time before it shows in all statistics.