Twenty Years of Employment Gains Have Vanished

by Mike ‘Mish’ Shedlock
The Street

On Friday the BLS will issue the jobs report for April. It will be miserable, but how miserable?

Let’s explore a couple of Tweets with possible answers.

Unwind 20 Years of Job Creation

Bloomberg estimates an unemployment rate of 20%.

Based on 30 million recent claims, I estimated an unemployment rate of 21%.

Initial Unemployment Claims

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