March 2020 Estimated U.S. Unemployment Rate

March 2020 Estimated U.S. Unemployment Rate

Current (March 2020) estimated U.S. unemployment…

No doubt this is going to be bad. If the final tally is what economists suggest (+30%), we will triple the existing (estimated) unemployment as of the end of March 2020, and surpass levels seen since the Great Depression. We are currently tied with what we saw around 2009.

Historical recoveries: about 9 years to come back to pre-depression rate, and about 5 years to come back in the 80s and the peak in 2009.

Estimates based on existing unemployment + March recent new jobless claims of 3.3M + 6.6M.

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