by Michael Snyder
The Economic Collapse Blog
Do you feel like another major crisis could erupt at any moment? If so, you are certainly not alone. Here in 2020, it has just been one thing after another, and we have come to expect the unexpected. Right now, so many people that I am hearing from are anticipating that more big trouble is just around the corner, but as we wait for “the other shoe to drop”, economic conditions all over the United States continue to rapidly deteriorate. For example, on Thursday we learned that the number of initial claims for unemployment benefits last week was the highest in four months…
The US job market continues to suffer, and Thursday brought more bad news. Another 885,000 people filed for first-time unemployment benefits last week — an increase from the week prior and higher than the 800,000 claims that economists were expecting.