Updating my America’s Scariest Charts for the latest data on weekly unemployment claims:
Liquidity moves markets!Follow the money. Find the profits!
New unemployment claims continue to rise (see table below), with data for the week ending May 9th coming in this week printing 2.6 million new claims.
While non-farm payrolls are reported on a monthly basis, we can now integrate the numbers of new unemployment claims (subject to future revisions) for the first week of may, showing the expected impact on the payrolls:
Table below summarizes past recessions experience and current COVID19 ‘Pandecession’:
As shown above, total numbers of jobs losses so far in the pandemic exceed combined jobs losses experienced in all past recessions from 1945 through 2019, based on unemployment claims data.
Finally, here is a chart plotting employment index from the start of the new recession through the end of the recovery cycle:
Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.