'Nothing compares': Unemployment filings top 1 million for 20th
I'm glad to see people getting jobs. People need to eat and try to survive what has happened to our country.
With over a million Americans applying for unemployment benefits every week, unless Trump and his supporters can demonstrate that the American economy is adding 4 to 5 million jobs every month, national unemployment will continue to climb and claims to the contrary are patently false!
The thing is that the economy is mostly being held up by a crutch of borrowed trillions. Trumpism aside, we'd better hope in God's mercy that the economy will survive this mess we're in.
So you don't understand that the July 10.2% rate is lower than the June 11.1% rate? How hard is that to understand?
It survived Obama doubling the national debt (without having to deal with a Chinese initiated pandemic) so there is a reasonable chance it will survive this though not without consequences such as higher taxes (especially state and local) and inflation.
With over 1 million Americans filing for unemployment benefits every week in July, and only 1.8 million jobs being created, how does that translate into a decrease in unemployment?
You got a link for that....like a real BLS or other .gov link?.....cuz I just don't believe that number.
IIRC the numbers are already seasonally adjusted when reported.
A survey from Cornell University showed that 31% of workers who were recently rehired have lost their jobs for a second time during the pandemic. Another 26% have been told that they might get laid off again.
There are degrees of desperation, and all can be called surviving. I agree it's likely we will be hit from both sides in cost increases and taxes at least for a generation or two. Just how bad is the question. And who knows, maybe the mark of the beast and digital currency is right around the corner.
'Nothing compares': Unemployment filings top 1 million for 20th
