The Big Layoff Wave Has Begun

Today we're talking about the new layoff and jobless claim numbers that recently came out, and we're going to focus on the unemployment piece of this, which is the layoffs portion. Because this is confirmation to what I've been telling you guys for quite a few months now, how layoffs have already started and that they're going to get worse. By the time it shows up in the official data for The Fed, it'll be much worse in reality versus what they're able to see because their data is so backwards.