Coronavirus Job Destruction Could Take 5 Years to Fix

April’s unemployment data showed that 110 months’ worth of jobs were destroyed. In the past, on average, recovering all those jobs took far longer than the destruction.

This is logical. Homes are destroyed by natural disasters in a moment. Rebuilding takes months.

Officially, 20.5 million jobs were destroyed in April. This number is based on a survey taken between April 12 and April 18. Since then, 11.5 million new claims for unemployment were filed.

While the losses are certainly higher than the official numbers show, we can use reported numbers to understand how long it might take to recover from the losses.

The chart here shows the general trend during recessions. It shows the number of people with jobs in the economy. There are always job losses in recessions.

READ MORE: Recession: When Employment Craters

$3 EV Play No One's Talking About

This company is a sneaky EV play that no one’s talking about. They’re producing an odd variation on the traditional EV that has consumers raving.

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$30 Stock Freaking Out Billionaires

This stock is an industry leader in a robotics technology that is freaking out billionaires (trading for just $30).

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The Best TaaS Stock Right Now

This company is set to corner the market in a self-driving technology that  could fundamentally change our entire society – much like the internet did.

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Up to 20,000 IPOs All in One Day

A radical $2.1 quadrillion shift is coming to the financial markets.

Some are calling it G.T.E. and Mark Cuban, Elon Musk, Richard Branson, and even banks like J.P. Morgan are invested in the tech behind it.

Just $25 could get you in alongside these billionaires. 

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$2 Biotech Stock

Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only $2.

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