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onetexan

(13,056 posts)

47. What was the unemployment rate prior to covid19?

Reply to Omaha Steve (Original post)

Fri Jun 5, 2020, 03:04 PM

Jun 2020

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Wall Street's rally accelerates after stunning jobs report [View all] Omaha Steve Jun 2020 OP

For the country, this is good. jimfields33 Jun 2020 #1

Yeah, we need the economy to recover. I'm not sure it's going to actually happen in a way that KPN Jun 2020 #12

The recovery has only been for the wealthy Dopers_Greed Jun 2020 #15

Thanks to the stimulus package we pushed through. Kingofalldems Jun 2020 #40

Oops. Kingofalldems Jun 2020 #44

Dammit my lack of courage cost me plenty at140 Jun 2020 #2

Maybe not Dream Girl Jun 2020 #3

Time does tell - eventally empedocles Jun 2020 #6

You are right. Steelrolled Jun 2020 #28

+1 KPN Jun 2020 #17

Everyone was expecting another Great Depression then Dopers_Greed Jun 2020 #16

Don't feel bad. Steelrolled Jun 2020 #20

If you are already highly invested, at140 Jun 2020 #35

Read this article. moreland01 Jun 2020 #34

Economic conditions are different now than in 1929 at140 Jun 2020 #36

Anti-protester fence futures soaring soothsayer Jun 2020 #4

MIghty convenient. Peregrine Took Jun 2020 #5

I am not a short, or even itermediate term market predictor, however, empedocles Jun 2020 #8

Not just convenient. How can the job estimates be off by 11 million? I don't get it. KPN Jun 2020 #18

Just one more... Smickey Jun 2020 #24

The Fed threw what at it? bucolic_frolic Jun 2020 #7

Trust but verify ouija Jun 2020 #9

Almost Ditto. The numbers are 11 million off of estimates (total unemployment that is). KPN Jun 2020 #23

The 'recovery hopes', and the burning of 'the shorts' have helped drive up empedocles Jun 2020 #10

but now "recovery" means no more stimulus so gold and silver go down bucolic_frolic Jun 2020 #19

Yep, 2008. And since October 2016 when Comey announced re-opening Hillary's email KPN Jun 2020 #25

Good move. I sold everything after the first big bounce following the bottom, but we KPN Jun 2020 #21

Lucky you! I can not sell before end of June. at140 Jun 2020 #37

Wow! Sounds like you need to find another fund/ KPN Jun 2020 #42

It is Fidelity and they will tag me for frequent trader at140 Jun 2020 #48

I think this is common with 401K accounts Steelrolled Jun 2020 #53

You are correct..nt at140 Jun 2020 #54

Two words.... Cooking Books ashredux Jun 2020 #11

Exactly. Plus, Covid-19 is spiking. This could put us back where we were in March. Auggie Jun 2020 #13

Yes....don't buy today...this is shorts being squeezed and false optimism.. ashredux Jun 2020 #22

Insider trading shows that exactly -- there's more insider selling than buying KPN Jun 2020 #43

Dr Fauci said this morning on CNBC interview that... at140 Jun 2020 #38

That can change in a heartbeat, though maybe not quite as fast as it did in March ... Auggie Jun 2020 #41

My own personal experience as a 79 Y.O. convinces me at140 Jun 2020 #49

Hands to the face -- I so agree! Auggie Jun 2020 #50

Why would you suspect that? The unemployment estimates were only off by 11 Million! KPN Jun 2020 #27

Wait until the public sector jobs are cut starting next month. OrlandoDem2 Jun 2020 #14

I would expect more short-term "furloughing" than job cuts if union contracts allow it. Steelrolled Jun 2020 #26

It's different so far. So is the Wall Street recovery different from what we are used to. There's KPN Jun 2020 #29

Something's fishy. How can the job/unemployment estimates be off by almost 11 million? KPN Jun 2020 #30

To your last question; No I don't. This is a short term prop-up for the rich. Half of U.S. has zero Evolve Dammit Jun 2020 #45

Unemployment is still higher than Great Recession, yet Dopers_Greed Jun 2020 #31

Biden will inherit a RECESSION Pantagruel Jun 2020 #32

Yeah and REAL unemployment numbers which could be 15-18% in Feb 2021 Bengus81 Jun 2020 #55

For those clutching their pearls and calling for the fainting couch Aviation Pro Jun 2020 #33

Only The Wall Street Crowd Would Be Cheering modrepub Jun 2020 #39

I'm gonna take some $$$ out of my mutual funds... Maxheader Jun 2020 #46

What was the unemployment rate prior to covid19? onetexan Jun 2020 #47

Like 4% - it was more-or-less an all-time low Steelrolled Jun 2020 #52

I've made so much money since Monday Polybius Jun 2020 #51

21.2 is the real unemployment number. Three card Monte in full effect. sarcasmo Jun 2020 #56