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Millions of Jobs Not Coming Back , Inflation Skyrocketing , The Economic House of Cards Ready to Collapse
Most of the americans have never experienced anything like this in their entire lifetimes. Fear of the pandemic, ongoing civil unrest in major U.S. cities, and a whole host of other factors have combined with plunging us into the worst economic downturn since the Great Depression of the 1930s.
If this is the recovery, what will things look like once the economic conditions start to deteriorate again? More than half of all households in some of our largest cities are facing serious financial problems, and Americans continue to file for unemployment benefits at a rate that the United States had never seen before prior to 2020. When 695,000 workers filed for unemployment benefits during a single week in 1982, it established a record that stood for nearly 38 years. But now we have been way above that old record for 25 weeks in a row. On Thursday, we learned that another 769,000 Americans filed new claims for unemployment benefits last week…
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