The US faces a tsunami of jobless claims as states from Ohio to Pennsylvania see a surge in the number of people who have been laid off in recent days, overwhelming state labour agencies as cities shut down to halt the spread of the coronavirus. https://www.ft.com/content/dc4b8186-6989-11ea-800d-da70cff6e4d3
Unemployment should rise above 5% at next report and probably above 7% on the next as millions of people apply
Equity indexes look like they want to push up but if the claims are worse than expected, it may keep the market supressed.
in*un*date: verb past tense: inundated; past participle: inundated 1. overwhelm (someone) with things or people to be dealt with. now that i know what that means, i agree lol.