Replies to post #351377 on Tornado Alley (PROG)

[blackhawks]

It lacks context.

Editors' Pick|340 views|Aug 7, 2020, 03:15pm EDT

U.S. Added 1.8 Million Jobs In July, But Concern Over The Job Market Still Remains

https://www.forbes.com/sites/jackkelly/2020/08/07/us-added-18-million-jobs-in-july-but-concern-over-the-job-market-still-remains/#256ac908282f

Jack Kelly

Nearly 1.8 million jobs were added in July and the unemployment rate fell to 10.2%, according to Friday’s U.S. Bureau of Labor Statistics jobs report. Unemployment still uncomfortably remains at a historical high, ranking above the Great Recession levels back in 2009. The increase in jobs was due, in part, to the reopening of businesses and accompanying resumption of economic activity—albeit at a lower rate than pre-Covid-19 levels.

How are the reopenings coming along?

Although it was the third month in a row showing job-growth improvement, the data is disappointing, relative to June’s job report that boasted 4.8 million new jobs. Thursday’s Department of Labor report stated about 1.2 million Americans filed for unemployment benefits for the week ending August 1.

What is 1.8M minus 1.2M?

With concerns of the resurgence of Covid-19 within the United States and other countries, there’s reason to believe people will shy away from shopping and other activities that would entail close person-to-person contact. As consumers remain at home and keep their wallets and pocketbooks closed, it will be hard for businesses to keep their doors open and retain workers. Potential mandated shutdowns will worsen the economic situation, stifle job growth and prompt another round of layoffs.

We are still far from climbing out of our economic and job-loss morass. According to a Cornell University study, “Of workers who were placed back on payrolls after being initially laid off/furloughed as a result of the Covid-19 pandemic crisis, 31% report that they have been laid off a second time, and another 26% of those placed back on payrolls report being told by their employer that they may be laid off again. These results were surprisingly higher for workers in states that have not been experiencing recent Covid-19 surges, relative to those in surging states.”

[fuagf]

Recovered after recently lost would be more accurate than added.

[sortagreen]

Last week the weekly jobs losses dipped below 1 million for the first time in months.

You're either an amoral lying sack of sh*t or a moron... although I guess we can't rule out it being both.

You will do anything to support this white supremacist garbage fire in the White House, and then you'll have the nerve to wear your fake religion on your sleeve... as if the gentle Nazarene himself were a Nazi like you and the rest your cult.