Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about unemployment fears being higher than the Great Recession.

So, we got a message and it's definitely worth going over because it showcases how the economy works and why we're in trouble in plain language.

Miss Bell, I'm sure you've seen the University of Michigan numbers about unemployment worries.

I'm curious why you think they're so high. I would guess you think they'll go up too.

But as of right now, they aren't, and inflation is down, and the PPI numbers haven't translated

into price increases.

I just don't understand the record high unemployment fears.

Yes, I watched the Michigan numbers.

And what they just told us is that more people are worried

about unemployment than at any point since the Great Recession. But that's also economists reading it,

not an exact number. Here's what you need to know. Generally, overall, going back for years and years and years, the baseline number for people

expecting unemployment to get worse over the next year is a bit over 20%.

It's currently 62%.

That's really, really high, but not actually a record.

In fact, it's been worse since Trump took office. The problem for economists is that when Trump took office, the number shot up to 50 or so

percent and haven't been below since. About 50 percent is in line with the spike that occurred over COVID. Yes, Trump is as damaging as a global

pandemic. The thing is, the COVID era 50% was a single month reading that high. We're now at

five or six months over 50%. So he's actually more damaging than a global pandemic.

The last time the numbers were this high for this long was the Great Recession. That's a drain.

If people are worried about unemployment, they tend to spend less. In fact, a different report also

from the University of Michigan shows that

...