Jobless Claims Surge to Over 30 Million, Survey Estimates Nearly 50 Million Unemployed

Chris Menahan
InformationLiberation
May. 01, 2020

"You may live to see man-made horrors beyond your comprehension." - Nikola Tesla, 1898.

From CNBC, "US weekly jobless claims hit 3.84 million, topping 30 million over the last 6 weeks":

First-time filings for unemployment insurance hit 3.84 million last week as the wave of economic pain continues, though the worst appears to be in the past, according to Labor Department figures Thursday.

Economists surveyed by Dow Jones had been looking for 3.5 million.

Jobless claims for the week ended April 25 came in at the lowest level since March 21 but bring the rolling six-week total to 30.3 million as part of the worst employment crisis in U.S. history. Claims hit a record 6.87 million for the week of March 28 and have declined each week since then.

[...] The Economic Policy Institute earlier this week estimated that the current claims level probably undercounts by as much as 12 million those who are eligible for benefits but not getting them due to the inability to file or other roadblocks.

The EPI's survey, which was done online through Google Surveys, estimated that "just shy of 50 million American have lost their job since the start of March."

Trump decided not to close the border back in January or December (despite being warned of the virus surfacing in China in November) and then state after state backed by the federal government issued strict lockdown orders in March after the virus had already spread.

We're getting the worst of both worlds.

Trump closing the border would have been ideal but shutting everything down so aggressively after the virus spread is just maximizing the suffering.

Governor Newsom won't even let Californians enjoy their beaches and warm weather:

After photos of packed California beaches led to an outcry that social distancing guidelines were being flagrantly flouted, Gov. Gavin Newsom ordered beaches in Orange County, south of LA, closed https://t.co/JS1CVWHSx1 pic.twitter.com/xxm5Dw1nEW
— The New York Times (@nytimes) April 30, 2020

The beaches weren't actually even particularly crowded but we all must suffer because journos love manipulating public perceptions by using pictures taken with a telephoto lens.

By contrast, see the lead photo used by the @latimes for this story. In both photos, there are a lot of people on the beach, but the telephoto lens makes it seem like they are on top of each other when they are not. https://t.co/RXtqCBu4A8
— Nate Storring (@natestorring) April 30, 2020

Dems lied about Huntington Beach. This is a video from last Saturday at about 3pm. pic.twitter.com/sepDRMPCPG
— Diana C 🇺🇸 (@boxerbuddy4) April 30, 2020

Danish news site reminds people of being skeptical of how news photographers take pictures. Here is the same place, one picture taken with a zoom lense, and the other with a wide-angle lense: https://t.co/lPMJDHXOfD pic.twitter.com/mOSpiFEsDx
— Thomas Baekdal (@baekdal) April 26, 2020

If you want more proof... same piece of cardboard on the sidewalk pic.twitter.com/hom734TAqo
— Thomas Baekdal (@baekdal) April 27, 2020

Next comes the food shortages.

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