{"id":55017,"date":"2020-09-13T10:34:28","date_gmt":"2020-09-13T15:34:28","guid":{"rendered":"https:\/\/olduvai.ca\/?p=55017"},"modified":"2020-09-13T10:34:28","modified_gmt":"2020-09-13T15:34:28","slug":"if-you-feel-like-something-really-really-bad-is-about-to-happen-you-are-definitely-not-alone","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=55017","title":{"rendered":"If You Feel Like Something Really, Really Bad Is About To Happen, You Are Definitely Not Alone"},"content":{"rendered":"
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If You Feel Like Something Really, Really Bad Is About To Happen, You Are Definitely Not Alone<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>If this is \u201cthe recovery\u201d, what are things going to look like once economic conditions start to deteriorate again?\u00a0 As you will see below, more than half of all households in some of our largest cities \u201care facing serious financial problems\u201d, and Americans continue to file for unemployment benefits at a rate that the United States had never seen before prior to 2020.\u00a0 When 695,000 workers filed for unemployment benefits during a single week in 1982, it established a record which stood for nearly 38 years.\u00a0 But now we have been way above that old record for 25 weeks in a row.\u00a0 On Thursday, we learned that\u00a0another 884,000 Americans<\/a>\u00a0filed new claims for unemployment benefits last week\u2026<\/p>\n

Weekly jobless claims were worse than expected last week amid a plodding climb for the U.S. labor market from the damage inflicted by the coronavirus pandemic.<\/p>\n

The Labor Department on Thursday reported 884,000 first-time filings for unemployment insurance, compared with 850,000 expected by economists surveyed by Dow Jones. The total was unchanged from the previous week.<\/p><\/blockquote>\n

Of course it is always important to look at the non-adjusted numbers, and according to those numbers\u00a0we actually saw an increase over the previous week<\/a>\u2026<\/p>\n

The Labor Department changed its methodology in how it seasonally adjusts the numbers, so the past two weeks\u2019 totals are not directly comparable to the reports from earlier in the pandemic. Claims not adjusted for seasonal factors totaled 857,148, an increase of 20,140 from the previous week.<\/p><\/blockquote>\n

This is the second week in a row that the\u00a0non-seasonally adjusted initial claims have risen.<\/p>\n

That definitely wasn\u2019t supposed to happen.<\/p>\n

We are supposedly in a \u201crecovery\u201d right now, and things are supposed to be getting better.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

If You Feel Like Something Really, Really Bad Is About To Happen, You Are Definitely Not Alone If this is \u201cthe recovery\u201d, what are things going to look like once economic conditions start to deteriorate again?\u00a0 As you will see below, more than half of all households in some of our largest cities \u201care facing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[13240,30300,4901,7452,824,30301],"class_list":["post-55017","post","type-post","status-publish","format-standard","hentry","category-economics","tag-13240","tag-initial-unemployment-claims","tag-michael-snyder","tag-the-economic-collapse-blog","tag-unemployment","tag-unemployment-claims"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55017"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55017\/revisions"}],"predecessor-version":[{"id":55018,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55017\/revisions\/55018"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}