607 - This is Officially an Economic Crisis

Last week when jobless claims numbers came out, the secretary of US treasury Steve Mnuchin said that the numbers were not relevant because it was a stimulus package that was about to be released. If you follow me, you know I said not only were the numbers relevant, but this was a ridiculous statement. Last week's numbers were seven times the previous record.

Since last week I've been waiting for the jobless claims number to come out this morning. When it did I was dizzy.

The new jobless claims number is 6,648,000 people in a single week. This beats the previous record from 1980 to 695,000 by almost 10 times. As entrepreneurs, we need to understand that this is a long-term issue and a challenge we will be digging out of for years.

Resources Mentioned:

ClarityDuringCrisis.com