U.S. unemployment soars to 14.7%

Updated: May 10, 2020

As reported this week:

  • Jobless claims grew again to a total of 33.5M over the last 7 weeks

  • Unemployment hit 14.7%

  • And consumer sentiment fell to the lowest levels in 9 years

Meanwhile all the day-drinking going on is calming investor's nerves and keeping them from facing reality.

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