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by qnt
2263 days ago
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The civilians labor force is about 165 million people, so we’ve added about ~5% to the unemployment rate in the last two weeks (say 9m increase in claims). Unemployment peaked at around 25% in the 1930s depression. Rough calcs suggest that could be surpassed: https://www.stlouisfed.org/on-the-economy/2020/march/back-en... |
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