So, Price Action only from now on?In the 2015 movie “The Big Short” about the Great Recession, Brad Pitt’s character Ben Rickert says
“Every 1 percent unemployment goes up, 40,000 people die. Did you know that?”
The actual figure in academic research is a 37,000 increase for each percentage-point rise in the unemployment rate. It comes from a book called “Corporate Flight: The Causes and Consequences of Economic Dislocation” by Barry Bluestone, Bennett Harrison and Lawrence Baker.
If Trump opens up the economy, there could be a spike in cases of coronavirus and a rise in deaths unless there is some medical breakthrough. Already, 41,000 people are reported to have died from t…nypost.com
us unemployment rate 2019
us unemployment rate 2020
3.3 * 37,000 = 122,100
Why is the unemployment rate not national news every day alongside coronavirus deaths?
Because its not divisive ... everyone agrees (or doesnt care). News outlets are just Jeremy Kyle on steroids 24 / 7.
Switch off the news!