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Traders Cafe
(Total Views: 189)
Posted On: 06/05/2020 9:30:30 AM
Post# of 27320
Posted By: dw
Don't believe the numbers for May: Example Michigan unemployment claims continue to mount even as state reopens!

While the state's labor department said it distributed benefits to 92% of state residents who have filed for unemployment benefits and were deemed eligible as of May 13, many residents have struggled to get benefits, spending hours, or even days, calling labor department representatives, trying to talk to someone on the phone. Some have still not received benefits they've been waiting for since the beginning of the pandemic in March.
https://www.freep.com/story/news/local/michig...142663001/

Stimulus driven Honeymoon before states lay off thousands as states run out of funds.
Bankrupcies coming fast and furious.
Business closings will become real numbers by July!


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