Thread regarding Chevron Corp. layoffs

Unemployment

Now, let's watch the unemployment numbers tomorrow (5:30 a.m. California time)...

More than 3 million Americans are expected to have filed for unemployment benefits last week as the coronavirus pandemic shut down much of the country, economic forecasters say.
That number would be well above the levels seen during the darkest days of the Great Recession, and the worst isn't over yet, they say.
The crisis has cut a giant swath through the energy, travel, transportation, hotel and restaurant sectors, with large and small companies suddenly forced to furlough employees.

https://www.npr.org/2020/03/26/821580191/unemployment-claims-expected-to-shatter-records

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Post ID: @OP+14aiC3hb

9 replies (most recent on top)

"I took the lump two years ago, I went up 40% in those two years" Good job! Like to know a few of your picks. if you don't mind. The Dow & S&P 500 were both Down about 6% in 2018 and Dow up 25% in 2019, S&P ~33%. I have a feeling that there's no more to tell though, since after all, these are anonymous posts, hit and run, say what you want, true or false, catch my drift? lol.

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Post ID: @1xvi+14aiC3hb

I had heard there were some people out of work lately, I wonder if that is related to the unemployment cla8ms.

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Post ID: @1cqv+14aiC3hb

I don't know about you, but I'm tired of working while half of the US pays no federal income tax! Good deal .

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Post ID: @1nsn+14aiC3hb

Tens of thousands, maybe over 100k, employees in the oil industry will be unemployed during the next several months. WTI will be in the teens very soon. Over production, lower demand, limited storage, refineries cutting back, excess gasoline and aviation fuel, reduced exploration/production budgets, and the coronavirus. The $2T economic bailout bill does nothing to assist the oil industry and its employees. Did I leave anything out?

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Post ID: @1nbk+14aiC3hb

This proves the market is rigged. The worst unemployment numbers come out the stocks surge. Crude oil and the bond market are telling a different story. Boeing, one of the DOW 30, surged, literally nearly doubled its market cap. What happened? The Fed bailed them out. Remember this said no limits. The Fed will own it all before all this is over.

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Post ID: @hud+14aiC3hb

COVID-19 may delay EOI but transformation will be expedited.

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Post ID: @lds+14aiC3hb

Is your point to cut and paste any news that can be easily found by anyone on the internet at any time or is there some reason you posted this? We'll wait.

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Post ID: @soy+14aiC3hb

1% of Americans lost their jobs in a week... Sheesh.

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Post ID: @kyc+14aiC3hb

Check out Drudge Report and look at all of the headlines. This is your future.

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Post ID: @wfk+14aiC3hb

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