The unemployment claims for the last 7 weeks, around 33 million, is higher than the summation of the past 7 recessions.
| Recession | Unemployment Claims in millions | 7 weeks period |
|---|---|---|
| Coronavirus | 33.217 | Mar-Apr 2020 |
| The Great Recession | 4.597 | Feb-Mar 2009 |
| Dot-com | 3.333 | Sep-Oct 2001 |
| Gulf War | 3.466 | Feb-Mar 1991 |
| Energy Crisis | 4.645 | Sep-Oct 1982 |
| 1980 Recession | 4.252 | Apr-Jun 1980 |
| Oil Embargo | 3.814 | Feb-Mar 1975 |
| Tech Crash | 2.242 | Oct-Nov 1970 |
submitted by /u/diyinvestment
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source https://www.reddit.com/r/StockMarket/comments/ggu3pq/the_unemployment_claims/
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