Quick calculation shows about 17 million in the last 3 weeks. Uncharted territory.
Equity Futures have been all over the place this morning, but seem to have rebounded slightly on the news. Not as bad as expected? Down a few tics from last week.
http://us.econoday.com/byshoweventfull.asp?fid=509807&cust=us&year=2020&lid=0&prev=/byweek.asp#top
my guess is that maybe as fast as they can process claims which is better than most believed was possible prior to this event.
Might be a factor. Powell is speaking at 10 and maybe they expect this will add to justification of Fed Stimulus?
I think this count is of claims filed. Getting them processed, approved, & in payment is a whole nother level, especially in places like Florida where the system is designed to fail. Surprising to me how peaceful it's been so far.
https://www.politico.com/states/florida/story/2020/04/03/its-a-sh-sandwich-republicans-rage-as-florida-becomes-a-nightmare-for-trump-1271172