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Post by karlpalaka on Apr 29, 2020 9:29:38 GMT 10
Out of the 155 million employed people, 16 million of them lost jobs during the first three weeks of April. We can imagine how many more lost jobs during March in addition to late February after the stock market began to recede. 3.3 million during the week ending with March 21. This is truly a nightmare.
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Post by Deleted on Apr 30, 2020 9:18:11 GMT 10
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Post by sman12 on May 1, 2020 0:42:04 GMT 10
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Post by John Titor on May 1, 2020 10:20:00 GMT 10
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Post by Telso on May 1, 2020 13:04:35 GMT 10
Uhm, can we talk about how this is twice as bad as the 2008 recession, which peaked at 10% unemployment in 2009 versus 18% now 
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Post by Deleted on May 1, 2020 20:30:33 GMT 10
Uhm, can we talk about how this is twice as bad as the 2008 recession, which peaked at 10% unemployment in 2009 versus 18% now For reference for those of you just tuning in, at its height, the Great Depression's peak unemployment in the U.S. was just shy of 25%. At its height. It's been a month and we're in spitting distance of that.
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Post by Cassie on May 1, 2020 23:45:14 GMT 10
Well that would suck. By then I would be 28-33 and have had most of my young adulthood spent in a crappy, depressing time where the economy has tanked and you have to save money to even get through this.
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Post by Deleted on May 2, 2020 10:51:29 GMT 10
Well that would suck. By then I would be 28-33 and have had most of my young adulthood spent in a crappy, depressing time where the economy has tanked and you have to save money to even get through this. Better start saving!
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Post by Deleted on May 2, 2020 15:31:23 GMT 10
Well that would suck. By then I would be 28-33 and have had most of my young adulthood spent in a crappy, depressing time where the economy has tanked and you have to save money to even get through this. Better start saving! Bond yields are pitiful though 😭
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Post by Deleted on May 3, 2020 0:24:47 GMT 10
So put it under your mattress.
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Post by sman12 on May 3, 2020 0:51:13 GMT 10
Well that would suck. By then I would be 28-33 and have had most of my young adulthood spent in a crappy, depressing time where the economy has tanked and you have to save money to even get through this. Ugh. Gen Z just can't get a break with these calamities in our lives. Most of us were born after 9/11 (or have little to no memory of the event), grew up in the War on Terror and the 2008-09 financial crisis, then there was ISIS and the climate debacle, and now a life-changing pandemic. No wonder why depression and suicide rates are high for young people. 
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Post by Deleted on May 3, 2020 8:01:06 GMT 10
Well that would suck. By then I would be 28-33 and have had most of my young adulthood spent in a crappy, depressing time where the economy has tanked and you have to save money to even get through this. Ugh. Gen Z just can't get a break with these calamities in our lives. Most of us were born after 9/11 (or have little to no memory of the event), grew up in the War on Terror and the 2008-09 financial crisis, then there was ISIS and the climate debacle, and now a life-changing pandemic. No wonder why depression and suicide rates are high for young people. Imagine being a Millennial and actually witnessing all of these events. Not to mention this will be the second major economic downturn in my young adult life. I was “lucky” enough to just be starting college for the last one; I wasn’t so lucky this time.
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Post by Telso on May 3, 2020 9:40:56 GMT 10
Well that would suck. By then I would be 28-33 and have had most of my young adulthood spent in a crappy, depressing time where the economy has tanked and you have to save money to even get through this. Ugh. Gen Z just can't get a break with these calamities in our lives. Most of us were born after 9/11 (or have little to no memory of the event), grew up in the War on Terror and the 2008-09 financial crisis, then there was ISIS and the climate debacle, and now a life-changing pandemic. No wonder why depression and suicide rates are high for young people. Generation X also grew up amidst the oil crisis of the 70s, the cold war, the AIDS pandemic, the 80s politics, the crack epidemic, the criminality peak, the Gulf war and saw the direct results of 9/11, and were still affected by the 2008 recession and this crisis. It's practically impossible to live crisis-free regardless of age and era. It's part of life.
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Post by Early2010sGuy on Jul 27, 2020 14:49:53 GMT 10
The nightmare is getting only more and more real. Sadly, these assholes in my school don't social distance, which applies to every city in my region, increasing and accelerating the Coronavirus cases for the whole province. 3 weeks ago, we were just at 17 active cases, now we are up to 200+, which really pisses me off, and it makes me more aggressive towards people when I'm not in a good mood. Because of these assholes, all we can pretty much do now is wait for the vaccine for another 2-3 years, Ive lost all hopes and optimism for the virus to end. 😐
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Post by Early2010sGuy on Jul 27, 2020 15:04:13 GMT 10
People are clearly not following the social distancing rules, nor self-quarantine. If they actually did, the coronavirus would be done by now, but nope. People who have the virus think they're 'cool' and go to parties to spread it to other people and shit. Coronavirus cases only accelerate, and now the upcoming school years are less likely to happen, and they're causing the huge upcoming recession. Like seriously? All they had to do is stay at home or stay 6 feet apart, its so simple yet so hard for them, and now we have to deal with companies shutting down because of these people, as well as unemployment and lack of sales.
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