Tornado Alley (PROG)

[blackhawks]

Hey nitwit, we were supposed to be open by LAST Easter according to the asshole who gave us this latest GOPER f'ing recession.

ONLY an economic illiterate would think that recovery is not underway or that full economic capacity would be reached by now.

Every single GOPER ass-hat congress person opposed the stimulus that will drive the recovery. So, as usual from the right, thanks for nothing.

https://www.brookings.edu/blog/up-front/2021/03/22/how-many-jobs-is-the-u-s-likely-to-add-this-year/

Most economic forecasters expect very strong GDP growth in 2021 as the $1.9-trillion American Rescue Plan works its way through the economy and more people are vaccinated. The consensus is that real GDP will increase about 6% between the fourth quarter of 2020 and the fourth quarter of 2021. If this growth materializes, output by the end of 2021 will be about back to the level it would have been had the pandemic not occurred (using the Congressional Budget Office’s pre-pandemic 2020 economic projection to gauge that level).

This will not be another jobless recovery. If the GDP forecasts prove accurate, we estimate that monthly payroll employment gains over the next 10 months will average between 700,000 and 1 million per month, a lot faster than many forecasters anticipate.

The pandemic recession was unlike any previous recession. The U.S. lost almost 9½ million jobs between February 2020 and February 2021, many more than one would have anticipated based on past episodes of declining GDP.

The lost jobs were disproportionately low-wage, low-productivity jobs. The post-COVID recovery will be different as well. Jobs are likely to return at a faster pace than ever seen before on a sustained basis.