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The new report, which covers the week ending May 23, pushes the 10-week total of losses since states directed residents to stay at home and forced nonessential businesses to close to 40 million, a rate of unemployment unseen since the Great Depression
Trump asked for all the credit since 2016 on the upside, he should also assume the blame on the downside. Same rules every President before and after Trump have to live with if they decide to live and die by the stock market as Trump chose to do.
It was Trump that suggested he should be measured by the Stock Market and economy, no one made him do it. He gambled and remains to be seen what happens.
What the left has not released yet, and will be freaking out over when they do, is that now things are opening up and will result in the quickest job gain in the history of the country as we run into the election. Not all the jobs will come back soon, but because so many lost jobs were only temporary losses until things opened back up, there will be at least 15 million jobs added before the election, which will be the biggest job gain in short order in our history.
No matter how you cut it, the dems lose again. Get the crying towels ready, just like 2016.
Not saying the numbers are fake but I wonder how much the numbers are lagged from typical. We have people here just getting their claims now who filed in March but the system did all sorts of bad things including losing claims. I cannot imagine how it is in states like FL where the system is designed to not let people file.
Location: Somewhere gray and damp, close to the West Coast
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Quote:
Originally Posted by Bruiser Brody
What the left has not released yet, and will be freaking out over when they do, is that now things are opening up and will result in the quickest job gain in the history of the country as we run into the election. Not all the jobs will come back soon, but because so many lost jobs were only temporary losses until things opened back up, there will be at least 15 million jobs added before the election, which will be the biggest job gain in short order in our history.
No matter how you cut it, the dems lose again. Get the crying towels ready, just like 2016.
Russian Trump apologists are busy shifting blame, but the situating is easing week by week. Soon the rehiring will start, and 50% of those 40 million will be hired back fairly soon (within months) and the rest will come back at a slower pace.
Quote:
Originally Posted by Bruiser Brody
things are opening up and will result in the quickest job gain in the history of the country as we run into the election. Not all the jobs will come back soon, but because so many lost jobs were only temporary losses until things opened back up, there will be at least 15 million jobs added before the election, which will be the biggest job gain in short order in our history.
It is common sense that such abrupt & massive job loss will result in massive re-hiring, but even if 20 million are re-hired (which is massive), we will still be -20 million. Fortunately they too will come back month by month. After the initial re-hiring of 20 million, we will see a streak of 500K per month additions for quite some time.
I think most people are fully aware that this is a temporary problem.
My personal prediction has shifted from "V" curve, to a "U", both of which would indicate rapid recovery, which is what everyone is hoping / waiting for. The idea that "the left" somehow caused it and wants it to continue is a childish conspiracy theory hatched in a paranoid minds.
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