Today in annals of inane BS, JP Morgan forecasts US unemployment rising to nearly 8.5%.

The US unemployment rate was 3.5%, or 5.8 million people, in February 2020. 9.8 million people applied for unemployment the last two weeks. .035 / 5.8 = x / (5.8 + 9.8), x = 9.4%

This is amid reports of state unemployment systems failing over while applicants place hundreds of calls, spending days trying to get through and apply