This morning, United States weekly jobless claims came in at 4.4 million.
Just over 26 million Americans have now applied for unemployment… In the last 5 weeks.
That means the U.S. economy has wiped out all the job gains since the Great Recession.
Unemployment sits at 23% and it doesn't look like we're close to re-opening the economy any time soon.
Despite that, investors shrugged off the news, bidding up the S&P 500 about 1.7% to start the day.
But stocks turned over mid-day and closed about flat.