To be consistent, there were 282,000 jobless claims last week and 3 million this week. So we will undoubtedly see 30MM
next week, followed by 300 million two weeks from now, right? It’s simple math.
But if you asked someone whether they expected to see the same growth curve for jobless claims, they would obviously say no because numerous factors make it unlikely to continue. They need to apply the same logic to other situations even though the circumstances are certainly going to be distinct.