Significance of today's jobs report. Front page New York Times.(incredible chart) & easy to read

[Stuart G]

Yes, this will show chart & front page. No pay wall to see front page.

https://www.nytimes.com/

[Doodley]

1. I believe this is going to be a global depression. We have some dark times ahead.

[Stuart G]

2. Yes, very sad..you may be correct.."global depression". But, I hope not.

[Roland99]

3. Image

[Stuart G]

4. Please look at pose 3. Unbelievable..Worst ever,Thank You.. Roland 99.. for showing this.

[MoonlitKnight]

5. 20% unemployment is one factor in declaring a depression

The Great Depression had a peak unemployment rate of 25%.

I would not be surprised at 30% unemployment by May.

GDP could drop substantially. Should be well over 10% negative. I wouldn’t be shocked by any number unless it is less than a 10% drop. Just the travel, tourism and restaurants should cover that.

On the bright side, recovery could be quick. Although I doubt people will be willing to risk traveling or large purchases until we have a treatment and a vaccine and even some time afterward.

[gibraltar72]

6. We have all the best of 1918 and 1928 rolled into one.

[Stuart G]

7. You are correct, and most people haven't got a clue as to what "The Great Depression" was..

...So, another is coming & could be worse. ???

[gibraltar72]

8. Talking with grandson other day.

He's a little down. College student, musician very social plus works at casino. Not coping well. I said buddy we're all in the dark. No one who's alive has ever been through this. I said it is 1918 and 1928 all rolled into one. I was surprised he knew exactly what I was telling him.