CQ Day 77: Over 40,000,000 Without Jobs

CQ Day 77: Over 40,000,000 Without Jobs

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The number of jobless claims in the U.S. has now risen to over 40.8 million, so much worse than even the New York Times’ front page graph showed earlier this month.

The “Great Recession” of 2008 is almost invisible on this graph. These are numbers economists have never seen, never expected, and don’t know what to do with.