This is one of the reasons I don't normally like giving out free shit

https://youtu.be/5pIMD1enwd4

virus

We might be heading towards a recession ngl

https://nypost.com/2020/04/04/global-economy-screeches-to-a-halt-as-coronavirus-job-losses-take-toll/

might?

lol

We need to see how the next few months pan out.

I think we're likely in the midst of a depression though.

i mean we are looking at something like potentially 1/3 or more of the work force losing their jobs

or at least being drastically affected as far as their pay goes

road to 30% unemployment

and you know that this will just permanently encourage more automation in the service industry

more hygienic, more economical

https://www.marketwatch.com/story/the-soaring-us-unemployment-rate-could-approach-great-depression-era-levels-2020-04-03

It won't be 30%

It's probably 15%+ now tho

no good reason why it wouldn't be if this continues

like all non essential businesses are already closed where I live

and many of the essential businesses are operating with skeleton crews

Nah that's too high.

not really

https://www.cnbc.com/2020/04/05/bullard-economy-not-in-free-fall-despite-32percent-unemployment-estimate.html

Yeah these are estimates, I think it's the highest bound

pretty much guaranteed if things don't improve

and infact it could be much worse

https://www.reddit.com/r/Wellthatsucks/comments/fvyi5h/us_weekly_initial_jobless_claims/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

GG @Godzilla3301, you just advanced to level 4!

This is my dick in the morning

We are projected to get to 32% unemployment by June I believe.

Can someone explain to me why are people losing jobs in such huge numbers?

I'm not informed on that matter

Its because many jobs can't be performed online, and when states or countries go on lockdown those people don't have a job basically.

I'm confused though, are people getting fired or it's just temporary?

It depends but I think it's mostly temporary.

That's still at least a few months of what's essentially unemployment though, which isn't sustainable for many people.

Are people who got laid off getting financial support?

That also depends, so i can't really give a concrete answer there.

A lot are filing for unemployment though as well.

Which would give some money to them

!mute @Chad