COVID Chronicles: Unemployment Update

Apr 2, 2020

As reported by Johns Hopkins University, citing data from the U.S. Dept. of Labor and the New York times, unemployment rates have doubled in just ONE WEEK.

Unemployment claims skyrocketed from 3.3 million to 6.6 million in just seven days due to the economic lockdowns executed by Governors and local mayors. These numbers are now worse than the unemployment rates during the 2008 economic crash and the following Great Recession.

Question: Where are the models showing the impact on human lives of the skyrocketing rates of unemployment? Has anyone in government seriously considered how many ruined lives are at the end of these numbers? The standard answer is: “This is necessary. We are saving lives.” That may be the talking point but is it true or a cover for a failed set of policies driven by a panic launched by C-19 models?