America's jobs market is in crisis thanks to trump
Labor market data shows the economy mired in a weak recovery, with the unemployment rate still high, at 7.9% -- above or equal to the peak of eight of the past 11 recessions." In fact, the unemployment rate, which peaked at 14.7% in April may actually under-represent the fragility of America's pandemic labor market: Those discouraged by a lack of available jobs, worried about health precautions or needing to stay home to care for children or elderly relatives have dropped out of the labor force altogether.
And the unemployment rate doesn't factor them in.
If we add back all the people who have dropped out of the labor force since February -- many of whom are women -- and count them as unemployed, the jobless rate would have been 10.3% last month, the S&P report said.
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America's jobs market is in crisis thanks to trump
Labor market data shows the economy mired in a weak recovery, with the unemployment rate still high, at 7.9% -- above or equal to the peak of eight of the past 11 recessions." In fact, the unemployment rate, which peaked at 14.7% in April may actually under-represent the fragility of America's pandemic labor market: Those discouraged by a lack of available jobs, worried about health precautions or needing to stay home to care for children or elderly relatives have dropped out of the labor force altogether.
And the unemployment rate doesn't factor them in.
If we add back all the people who have dropped out of the labor force since February -- many of whom are women -- and count them as unemployed, the jobless rate would have been 10.3% last month, the S&P report said.
Washington -- Some small business owners say that the proposal by Senate Republicans for the key emergency loan program won't be enough to help them survive as the coronavirus pandemic drags on. While more money wouldn't hurt, reopening the Paycheck Protection Program is unlikely to solve their biggest struggle: bringing back customers. "What would be more helpful is if everybody would wear a mask so we can get the economy going again," said Laura Landsiedel Ford.
3
Washington -- Some small business owners say that the proposal by Senate Republicans for the key emergency loan program won't be enough to help them survive as the coronavirus pandemic drags on. While more money wouldn't hurt, reopening the Paycheck Protection Program is unlikely to solve their biggest struggle: bringing back customers. "What would be more helpful is if everybody would wear a mask so we can get the economy going again," said Laura Landsiedel Ford.
America's jobs market is in crisis thanks to trump
Labor market data shows the economy mired in a weak recovery, with the unemployment rate still high, at 7.9% -- above or equal to the peak of eight of the past 11 recessions." In fact, the unemployment rate, which peaked at 14.7% in April may actually under-represent the fragility of America's pandemic labor market: Those discouraged by a lack of available jobs, worried about health precautions or needing to stay home to care for children or elderly relatives have dropped out of the labor force altogether.
And the unemployment rate doesn't factor them in.
If we add back all the people who have dropped out of the labor force since February -- many of whom are women -- and count them as unemployed, the jobless rate would have been 10.3% last month, the S&P report said.
rumps rosy jobs unemployment numbers r misleading becuz they dont account for the rising number of americans who have abandoned looking for work
especially women now since it is reported they r nearly 8 times the usual number of dropouts due to having to stay home with a child who is getting school but at home
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
6
Quote Originally Posted by fubah2:
America's jobs market is in crisis thanks to trump
Labor market data shows the economy mired in a weak recovery, with the unemployment rate still high, at 7.9% -- above or equal to the peak of eight of the past 11 recessions." In fact, the unemployment rate, which peaked at 14.7% in April may actually under-represent the fragility of America's pandemic labor market: Those discouraged by a lack of available jobs, worried about health precautions or needing to stay home to care for children or elderly relatives have dropped out of the labor force altogether.
And the unemployment rate doesn't factor them in.
If we add back all the people who have dropped out of the labor force since February -- many of whom are women -- and count them as unemployed, the jobless rate would have been 10.3% last month, the S&P report said.
rumps rosy jobs unemployment numbers r misleading becuz they dont account for the rising number of americans who have abandoned looking for work
especially women now since it is reported they r nearly 8 times the usual number of dropouts due to having to stay home with a child who is getting school but at home
Stocks sell off sharply again as coronavirus cases soar
New York (CNN Business) Coronavirus infections are surging in the United States and much worse in Europe. Investors are suddenly spooked. The Dow plunged roughly 800 points, or 3%, Wednesday. That leaves the index down more than 1,600 points on the week.
"Coronavirus is coming back with a vengeance. And that's leading to a sell-first, ask-questions-later mentality," said Ryan Detrick, chief market strategist at LPL Financial.
The big fear is how much worse the pandemic will get to derail the fragile economic recovery. Those concerns are magnified by the risk of post-election chaos and Washington's failure to reach a deal on a stimulus package. That means the economy is entering this precarious period without a safety net.
"Nothing is to be gained by pretending that the pandemic and the economic pain it has caused are coming to a swift end," David Kelly, chief global strategist at JPMorgan Funds, wrote in a report to clients.
4
Stocks sell off sharply again as coronavirus cases soar
New York (CNN Business) Coronavirus infections are surging in the United States and much worse in Europe. Investors are suddenly spooked. The Dow plunged roughly 800 points, or 3%, Wednesday. That leaves the index down more than 1,600 points on the week.
"Coronavirus is coming back with a vengeance. And that's leading to a sell-first, ask-questions-later mentality," said Ryan Detrick, chief market strategist at LPL Financial.
The big fear is how much worse the pandemic will get to derail the fragile economic recovery. Those concerns are magnified by the risk of post-election chaos and Washington's failure to reach a deal on a stimulus package. That means the economy is entering this precarious period without a safety net.
"Nothing is to be gained by pretending that the pandemic and the economic pain it has caused are coming to a swift end," David Kelly, chief global strategist at JPMorgan Funds, wrote in a report to clients.
Stocks sell off sharply again as coronavirus cases soar
New York (CNN Business) Coronavirus infections are surging in the United States and much worse in Europe. Investors are suddenly spooked. The Dow plunged roughly 800 points, or 3%, Wednesday. That leaves the index down more than 1,600 points on the week.
"Coronavirus is coming back with a vengeance. And that's leading to a sell-first, ask-questions-later mentality," said Ryan Detrick, chief market strategist at LPL Financial.
The big fear is how much worse the pandemic will get to derail the fragile economic recovery. Those concerns are magnified by the risk of post-election chaos and Washington's failure to reach a deal on a stimulus package. That means the economy is entering this precarious period without a safety net.
"Nothing is to be gained by pretending that the pandemic and the economic pain it has caused are coming to a swift end," David Kelly, chief global strategist at JPMorgan Funds, wrote in a report to clients.
and now all becuz of rump and his rump licking enablers his prized stock market is tanking too
too funny
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
6
Quote Originally Posted by fubah2:
Stocks sell off sharply again as coronavirus cases soar
New York (CNN Business) Coronavirus infections are surging in the United States and much worse in Europe. Investors are suddenly spooked. The Dow plunged roughly 800 points, or 3%, Wednesday. That leaves the index down more than 1,600 points on the week.
"Coronavirus is coming back with a vengeance. And that's leading to a sell-first, ask-questions-later mentality," said Ryan Detrick, chief market strategist at LPL Financial.
The big fear is how much worse the pandemic will get to derail the fragile economic recovery. Those concerns are magnified by the risk of post-election chaos and Washington's failure to reach a deal on a stimulus package. That means the economy is entering this precarious period without a safety net.
"Nothing is to be gained by pretending that the pandemic and the economic pain it has caused are coming to a swift end," David Kelly, chief global strategist at JPMorgan Funds, wrote in a report to clients.
and now all becuz of rump and his rump licking enablers his prized stock market is tanking too
Washington -- Some small business owners say that the proposal by Senate Republicans for the key emergency loan program won't be enough to help them survive as the coronavirus pandemic drags on.
While more money wouldn't hurt, reopening the Paycheck Protection Program is unlikely to solve their biggest struggle: bringing back customers.
"What would be more helpful is if everybody would wear a mask so we can get the economy going again," said Laura Landsiedel Ford.
Ford is a smart woman
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
4
Quote Originally Posted by fubah2:
Washington -- Some small business owners say that the proposal by Senate Republicans for the key emergency loan program won't be enough to help them survive as the coronavirus pandemic drags on.
While more money wouldn't hurt, reopening the Paycheck Protection Program is unlikely to solve their biggest struggle: bringing back customers.
"What would be more helpful is if everybody would wear a mask so we can get the economy going again," said Laura Landsiedel Ford.
"Nothing is to be gained by pretending that the pandemic and the economic pain it has caused are coming to a swift end," David Kelly, chief global strategist at JPMorgan Funds, wrote in a report to clients.
wall street seems to know too
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
4
Quote Originally Posted by fubah2:
Stocks sell off sharply again
"Nothing is to be gained by pretending that the pandemic and the economic pain it has caused are coming to a swift end," David Kelly, chief global strategist at JPMorgan Funds, wrote in a report to clients.
Trump repeatedly makes misleading economic boasts. At rallies, he touts 33% GDP annualized growth in third quarter reported by Bureau of economic analysis. But he doesn't mention the record decline that precedes the gain. US economy is still smaller than before the pandemic. People and businesses are still hurting. Also economic growth has stalled in the fourth quarter as coronavirus cases surge without more federal financial relief.
Trump claims to be setting job creation records with 11+ million jobs added in last 5 months. But he doesn't mention that it is preceded by bigger record loss of 22+ million jobs over previous 2 months. He says 700,000 manufacturing jobs have been created. Actually, a net loss of 164,000 manufacturing jobs since he took office according to Bureau of labor statistics. In percentage change since inauguration, Trump has the worst job losses, GDP decline, debt to GDP ratio and fall in consumer spending of any president in decades.
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Trump repeatedly makes misleading economic boasts. At rallies, he touts 33% GDP annualized growth in third quarter reported by Bureau of economic analysis. But he doesn't mention the record decline that precedes the gain. US economy is still smaller than before the pandemic. People and businesses are still hurting. Also economic growth has stalled in the fourth quarter as coronavirus cases surge without more federal financial relief.
Trump claims to be setting job creation records with 11+ million jobs added in last 5 months. But he doesn't mention that it is preceded by bigger record loss of 22+ million jobs over previous 2 months. He says 700,000 manufacturing jobs have been created. Actually, a net loss of 164,000 manufacturing jobs since he took office according to Bureau of labor statistics. In percentage change since inauguration, Trump has the worst job losses, GDP decline, debt to GDP ratio and fall in consumer spending of any president in decades.
Trump repeatedly makes misleading economic boasts. At rallies, he touts 33% GDP annualized growth in third quarter reported by Bureau of economic analysis. But he doesn't mention the record decline that precedes the gain. US economy is still smaller than before the pandemic. People and businesses are still hurting. Also economic growth has stalled in the fourth quarter as coronavirus cases surge without more federal financial relief.
Intelligent people understand this....
....then there are the adolf-lovers.....
6
Quote Originally Posted by thirdperson:
Trump repeatedly makes misleading economic boasts. At rallies, he touts 33% GDP annualized growth in third quarter reported by Bureau of economic analysis. But he doesn't mention the record decline that precedes the gain. US economy is still smaller than before the pandemic. People and businesses are still hurting. Also economic growth has stalled in the fourth quarter as coronavirus cases surge without more federal financial relief.
Quote Originally Posted by THEMUGG: Intelligent people understand that the economy was flourishing until the pandemic hit.........others are libs. Intelligent handicappers, on a handicapping website, fully understand that the fact you might have been leading at some point earlier in the game is COMPLETELY IRRELEVENT. What matters is the scoreboard NOW Those who don't understand this are known as LOSERS.
@fubah2
I get it .......you're a lib.
I get it. You're one of those who USED TO BE ahead on the scoreboard....
9
Quote Originally Posted by THEMUGG:
Quote Originally Posted by fubah2:
Quote Originally Posted by THEMUGG: Intelligent people understand that the economy was flourishing until the pandemic hit.........others are libs. Intelligent handicappers, on a handicapping website, fully understand that the fact you might have been leading at some point earlier in the game is COMPLETELY IRRELEVENT. What matters is the scoreboard NOW Those who don't understand this are known as LOSERS.
@fubah2
I get it .......you're a lib.
I get it. You're one of those who USED TO BE ahead on the scoreboard....
Note: Hillary was +2.5 pts within 3 days of 2016 election, and finished +2.1 pts, gaining nearly 3 million more votes than trump. With three days to go, Joe Biden is up +7.5 pts...
With 3rd party candidates (ie, the actual 2020 outlook):
+7.4 @270 to win +7.6 @RealClearPolitics
0
Halloween update:
Note: Hillary was +2.5 pts within 3 days of 2016 election, and finished +2.1 pts, gaining nearly 3 million more votes than trump. With three days to go, Joe Biden is up +7.5 pts...
With 3rd party candidates (ie, the actual 2020 outlook):
'It's certainly going to get worse': Businesses plan more layoffs, hiring freezes in 2020 as COVID-19 escalates
USA TODAY
The economic devastation wrought by the (trump-virus) is far from over.
Nearly 1 in 10 U.S. businesses planned to lay off workers during the final three months of the year as a result of the outbreak, according to a survey of human resource executives at 330 companies conducted by The Conference Board last month. And businesses that had evaded job cuts can no longer hold out. The hotel industry already has lost nearly a quarter of its 8.3 million pre-pandemic jobs and could relinquish another 1.7 million without relief.
0
'It's certainly going to get worse': Businesses plan more layoffs, hiring freezes in 2020 as COVID-19 escalates
USA TODAY
The economic devastation wrought by the (trump-virus) is far from over.
Nearly 1 in 10 U.S. businesses planned to lay off workers during the final three months of the year as a result of the outbreak, according to a survey of human resource executives at 330 companies conducted by The Conference Board last month. And businesses that had evaded job cuts can no longer hold out. The hotel industry already has lost nearly a quarter of its 8.3 million pre-pandemic jobs and could relinquish another 1.7 million without relief.
thanks to the virus trump allowed to spread widely through US
New York (CNN Business)The Covid-19 pandemic has caused the worst financial crisis in the history of the airline industry. But when the health crisis is over, airlines' financial problems will probably continue for years.
History has shown clearly that it takes a tremendous amount of time for passenger traffic to recover after a recession. Most recently, it took a whopping five years after Great Recession ended in 2009 for passenger traffic to recover. Even after the relatively mild 2000 recession caused by the bursting of the dot-com bubble, it took until 2004 for US air passenger traffic to again reach its pre-recession peak.
Historically it takes even longer for a return of business travel, which is the most lucrative sector for airlines -- one most of them depend upon.
0
Airlines will struggle for several years
thanks to the virus trump allowed to spread widely through US
New York (CNN Business)The Covid-19 pandemic has caused the worst financial crisis in the history of the airline industry. But when the health crisis is over, airlines' financial problems will probably continue for years.
History has shown clearly that it takes a tremendous amount of time for passenger traffic to recover after a recession. Most recently, it took a whopping five years after Great Recession ended in 2009 for passenger traffic to recover. Even after the relatively mild 2000 recession caused by the bursting of the dot-com bubble, it took until 2004 for US air passenger traffic to again reach its pre-recession peak.
Historically it takes even longer for a return of business travel, which is the most lucrative sector for airlines -- one most of them depend upon.
New York -- The pandemic is intensifying, statewide curfews are back and Washington is asleep at the wheel. This toxic backdrop is derailing the US economic recovery just as Joe Biden prepares to take charge — and JPMorgan is warning the economy is in fact about to shrink. On Friday, JPMorgan became the first Wall Street bank to warn that GDP will turn negative by early next year as Americans wait for vaccines to get distributed. "This winter will be grim," JPMorgan economists wrote in a client note, "and we believe the economy will contract again" in the first quarter.
2
The US economy is about to shrink, JPMorgan warns
New York -- The pandemic is intensifying, statewide curfews are back and Washington is asleep at the wheel. This toxic backdrop is derailing the US economic recovery just as Joe Biden prepares to take charge — and JPMorgan is warning the economy is in fact about to shrink. On Friday, JPMorgan became the first Wall Street bank to warn that GDP will turn negative by early next year as Americans wait for vaccines to get distributed. "This winter will be grim," JPMorgan economists wrote in a client note, "and we believe the economy will contract again" in the first quarter.
Airlines say more travelers opting not to fly, canceling trips as COVID-19 cases surge
DALLAS — United Airlines warned Thursday that bookings have slowed and cancellations have increased as the number of coronavirus infections spikes across the country.
Southwest Airlines has also seen more cancellations, and the carrier's CEO said that travel demand will remain weak in the first quarter.
The number of people flying in the United States is down about 65% from a year ago, and airlines were hoping that the upcoming holidays would mean an increase in leisure travel.
United said that it continues to see the coronavirus pandemic hurting travel.
1
Airlines say more travelers opting not to fly, canceling trips as COVID-19 cases surge
DALLAS — United Airlines warned Thursday that bookings have slowed and cancellations have increased as the number of coronavirus infections spikes across the country.
Southwest Airlines has also seen more cancellations, and the carrier's CEO said that travel demand will remain weak in the first quarter.
The number of people flying in the United States is down about 65% from a year ago, and airlines were hoping that the upcoming holidays would mean an increase in leisure travel.
United said that it continues to see the coronavirus pandemic hurting travel.
New York -- The pandemic is intensifying, statewide curfews are back and Washington is asleep at the wheel. This toxic backdrop is derailing the US economic recovery just as Joe Biden prepares to take charge — and JPMorgan is warning the economy is in fact about to shrink. On Friday, JPMorgan became the first Wall Street bank to warn that GDP will turn negative by early next year as Americans wait for vaccines to get distributed. "This winter will be grim," JPMorgan economists wrote in a client note, "and we believe the economy will contract again" in the first quarter.
rump could well become the first president to have 2 recessions in his first term
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
2
Quote Originally Posted by fubah2:
The US economy is about to shrink, JPMorgan warns
New York -- The pandemic is intensifying, statewide curfews are back and Washington is asleep at the wheel. This toxic backdrop is derailing the US economic recovery just as Joe Biden prepares to take charge — and JPMorgan is warning the economy is in fact about to shrink. On Friday, JPMorgan became the first Wall Street bank to warn that GDP will turn negative by early next year as Americans wait for vaccines to get distributed. "This winter will be grim," JPMorgan economists wrote in a client note, "and we believe the economy will contract again" in the first quarter.
rump could well become the first president to have 2 recessions in his first term
US chamber of commerce condemns Trump's treasury secretary Mnuchin closing of emergency lending to help struggling businesses and state governments still in recession crisis. This sabotage of congress aid would undermine Biden administration in leading US to economic recovery. Apparently, Trump already abandons fight against pandemic and now he is recklessly trying to drag US economy down too.
3
US chamber of commerce condemns Trump's treasury secretary Mnuchin closing of emergency lending to help struggling businesses and state governments still in recession crisis. This sabotage of congress aid would undermine Biden administration in leading US to economic recovery. Apparently, Trump already abandons fight against pandemic and now he is recklessly trying to drag US economy down too.
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