Miguel Faria-e-Castro Archives - Rethinking the Dollar

Unemployment Data: First Estimates Worse Than The Great Depression

Mar 30, 2020 | Economic Collapse

Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal Reserve estimate. Economists at the Fed’s St. Louis district project total employment reductions of 47 million, which...

A Record 3.3 Million Americans Just Filed For Unemployment Benefits

Mar 26, 2020 | Economic Collapse

The pace at which Americans are losing their jobs is absolutely breathtaking. According to the Wall Street Journal, the largest number of new claims for unemployment benefits ever recorded in a single week prior to this year was 695,000 during the week...