What will the new number going to show us this summer. Will it take a huge jump? It should, unless the government want to lie about unemployment numbers. Which will not surprise me at all at this point.
They might not count those who will graduate this summer. If our government take the right and correct way to calculate the real unemployment numbers. It should have a big spike. 80% to 95% of the student out of school and joining the labor force this summer will find nothing is out there for them to take. At least 50% of Retirees should find them can not afford it after the tankage in the stock market.
Many small business owner find their income are as little as 10% of what they made last year. And small business still is a big part of the economy. The line of credit disappeared or disappearing. It means no money to hire or even keep the people they have. I already found the price of the food are going higher and higher. The shops are raising price to compensate the revenue loss. How long can this last? I don't know. But it will be good at the end.