Unemployment rate drops to 11.1% in June as job growth blows past expectations with 4.8M added

[ducks]

https://www.foxbusiness.com/economy/june-jobs-report-2020-coronavirus

[Spurtacular]

Chumpettes not gonna like this.
Bad news for Zombie Rapist.

[boutons_deux]

job growth is already stalling, and

unemployment will increase again in The Trump Pandemic as red/Confederate states continue to spread the virus.

Returned employees will bring or get C19 into the businesses which will be forced to shutdown, layoff people.

I expect some C19 Rebels to travel to a low-infection city and start the spread again.

Quarantine the shithole Confederacy.

[boutons_deux]

Number of Texans filing for unemployment benefits increase by 7% over previous week

For the past two months, the number of people filing claims in Texas has trended downward.

But last week the number of people who filed for claims increased 7% over the previous week.

https://www.texastribune.org/2020/07/02/texas-unemployment-claims/?fbclid=IwAR2_CHQxExmhp-L-BsuMC8exYm_nOkJzR0fPfrT_bF8_LimKE993bG5GdHg (https://www.texastribune.org/2020/07/02/texas-unemployment-claims/?fbclid=IwAR2_CHQxExmhp-L-BsuMC8exYm_nOkJzR0fPfrT_bF8_LimKE993bG5GdHg)

[boutons_deux]

Austin's positivity rate is the highest in the country. So what does that mean?

White House officials showed in a Friday news conference that Austin's positivity rate was the highest in the US.

Texas cities were four of the top five on the list.

https://www.kvue.com/article/news/health/coronavirus/coronavirus-austin-positivity-rate-covid19-texas-explainer/269-99f46ba3-e44f-4d3b-acbf-63216330a3b4?fbclid=IwAR1eI9P_YSqAmYS_E2MxhDwkS-dkWyWgyFjyT3DeLwiUeUMdLOaUOtkPGXw (https://www.kvue.com/article/news/health/coronavirus/coronavirus-austin-positivity-rate-covid19-texas-explainer/269-99f46ba3-e44f-4d3b-acbf-63216330a3b4?fbclid=IwAR1eI9P_YSqAmYS_E2MxhDwkS-dkWyWgyFjyT3DeLwiUeUMdLOaUOtkPGXw)

[DMX7]

Lol, you’re celebrating an 11% unemployment rate? Look at the national debt... this is all a disaster.

[DMX7]

Austin's positivity rate is the highest in the country. So what does that mean?

White House officials showed in a Friday news conference that Austin's positivity rate was the highest in the US.

Texas cities were four of the top five on the list.

https://www.kvue.com/article/news/health/coronavirus/coronavirus-austin-positivity-rate-covid19-texas-explainer/269-99f46ba3-e44f-4d3b-acbf-63216330a3b4?fbclid=IwAR1eI9P_YSqAmYS_E2MxhDwkS-dkWyWgyFjyT3DeLwiUeUMdLOaUOtkPGXw (https://www.kvue.com/article/news/health/coronavirus/coronavirus-austin-positivity-rate-covid19-texas-explainer/269-99f46ba3-e44f-4d3b-acbf-63216330a3b4?fbclid=IwAR1eI9P_YSqAmYS_E2MxhDwkS-dkWyWgyFjyT3DeLwiUeUMdLOaUOtkPGXw)


Why? Has 6th street become a virus proliferator?




Why? Has 6th street become a virus proliferator?

[Spurtacular]

Lol, you’re celebrating an 11% unemployment rate? Look at the national debt... this is all a disaster.

You weren't crying when the trillions were passed for corporate care.

[ducks]

Lol, you’re celebrating an 11% unemployment rate? Look at the national debt... this is all a disaster.

Lol debt only matters when your candidate is not president

11 is to high but was better then expected
Do you always want be doom and gloom

[Trill Clinton]

1278704994351558660

[TimDunkem]

Lol debt only matters when your candidate is not president

11 is to high but was better then expected
Do you always want be doom and gloom
A percentage or two is off because of discrepancies between employed and furloughed. Even the Dept. of Labor will tell you that. Also, they survey this through the middle of the month. Jobs are being lost NOW as states roll back reopening and the virus spreads. Facts not feelings, remember? Fuck off with the crying about doom and gloom while trying to paint a rosey, yet wholly inaccurate picture.

[Medvedenko]

What do you think was going to happen when phase 1 and phase 2 happening all over US. These aren't added jobs, they are replacement jobs that were lost in prior months. Speaking about "records" is so stupid and asinine. Don't the Trump supporters know this? You close, jobs go away, re-open you bring jobs back. This isn't rocket science and has nothing to do with the administration. If Trump is taking a victory lap for this, then why not own the historic losses prior? Oh yeah, right...I forgot classic goal post politics. What a disgrace.

[DMX7]

You weren't crying when the trillions were passed for corporate care.

What?

[Spurtacular]

What?

Stick to biting ankles if you got to what that. :lol

[Spurtacular]

What do you think was going to happen when phase 1 and phase 2 happening all over US. These aren't added jobs, they are replacement jobs that were lost in prior months. Speaking about "records" is so stupid and asinine. Don't the Trump supporters know this? You close, jobs go away, re-open you bring jobs back. This isn't rocket science and has nothing to do with the administration. If Trump is taking a victory lap for this, then why not own the historic losses prior? Oh yeah, right...I forgot classic goal post politics. What a disgrace.

Where were the replacement jobs in The Great Depression?

Don't be mad that orange man gets results, bruh.

Meanwhile, Zombie Rapist is promising to be the next FDR. :lmao

[Reck]

What do you think was going to happen when phase 1 and phase 2 happening all over US. These aren't added jobs, they are replacement jobs that were lost in prior months. Speaking about "records" is so stupid and asinine. Don't the Trump supporters know this? You close, jobs go away, re-open you bring jobs back. This isn't rocket science and has nothing to do with the administration. If Trump is taking a victory lap for this, then why not own the historic losses prior? Oh yeah, right...I forgot classic goal post politics. What a disgrace.

These are the same people who correlate the stock market with Trump. When it’s high, it’s his doing because yeah that’s how it works of course.

When it crashes, “Crickets*

[baseline bum]

Where were the replacement jobs in The Great Depression?

Don't be mad that orange man gets results, bruh.

Meanwhile, Zombie Rapist is promising to be the next FDR. :lmao

:rollin

[clambake]

Put this thread in the trump Tulsa overflow crowd.

[Splits]

:wow CUCKNER WAS RIGHT, WE ARE ROCKING IN JULY :wow

Speaking of rockin':

1278471001546919936

[spurraider21]

:wow CUCKNER WAS RIGHT, WE ARE ROCKING IN JULY :wow

Speaking of rockin':

1278471001546919936

https://www.youtube.com/watch?v=6TLo4Z_LWu4

[boutons_deux]

:wow CUCKNER WAS RIGHT, WE ARE ROCKING IN JULY :wow

Speaking of rockin':

1278471001546919936


https://www.youtube.com/watch?v=1BTJ_n9Oqs0

[Spurminator]

https://www.youtube.com/watch?v=GFLGRidfFo4

[boutons_deux]

The U.S. job market is still in very bad shape. Just wait until the fiscal time bomb goes off.

In June the U.S. economy added (https://www.bls.gov/news.release/empsit.nr0.htm) 4.8 million payroll jobs, which is of course great news for those newly hired. Unfortunately, it means diddly squat for those still out of work.

And many, many millions more Americans remain in that unhappy situation.


https://www.washingtonpost.com/wp-stat/graphics/ai2html/jobs-july2/YUVVAMWIXBFOJOD77P3HMCWNN4/jobs-july2-medium.jpg?v=7
https://chartable-images.edapps.nile.works/chartable/5efd08d549721c000fc8df6f/latest.svg?v=1593641173.080059


https://chartable-images.edapps.nile.works/chartable/5efcffb8077195000f9a3af1/latest.svg?v=1593638840.49912



https://chartable-images.edapps.nile.works/chartable/5efd0c38077195000f9a3af6/latest.svg?v=1593642040.999658
Federal Reserve officials have expressed concern that

economic conditions could get much worse with a renewed spike in infections, :lol Thanks, Confederacy

The path of the pandemic aside, other major economic risks loom on the horizon.

In particular, a major fiscal time bomb is about to detonate.

Enhanced unemployment benefits are scheduled to expire at the end of July, and

Republicans have said that no way, no how (https://www.businessinsider.com/lindsey-graham-congress-coronavirus-unemployment-benefit-over-our-dead-bodies-2020-4) will the program be renewed,

even if unemployment remains in double digits.

Additionally, states and localities are going broke.

Thanks to covid-19, their tax revenue has plummeted and their expenses have gone up.

the pandemic will reduce state revenue alone by $200 billion over fiscal 2020 and 2021.

Governors (and mayors and other local officials) have (https://www.washingtonpost.com/opinions/the-state-budget-crisis-is-not-just-a-blue-state-crisis-its-an-every-state-crisis/2020/05/21/89cfe904-9b95-11ea-ac72-3841fcc9b35f_story.html?itid=lk_inline_manual_37) pleaded (https://www.nga.org/news/press-releases/state-and-local-coalition-comes-together-to-appeal-for-federal-aid-as-fiscal-year-ends/) for federal help.

https://www.washingtonpost.com/opinions/2020/07/02/us-job-market-is-still-very-bad-shape-just-wait-until-fiscal-time-bomb-goes-off/?utm_campaign=wp_post_most&utm_medium=email&utm_source=newsletter&wpisrc=nl_most (https://www.washingtonpost.com/opinions/2020/07/02/us-job-market-is-still-very-bad-shape-just-wait-until-fiscal-time-bomb-goes-off/?utm_campaign=wp_post_most&utm_medium=email&utm_source=newsletter&wpisrc=nl_most)

Dems' HEROES act helped a lot of the above, but McConnell said "G F Y"

[weebo]

This is fake news. Another republican hoax. What's reported doesn't match what is really happening on the ground.

[spurraider21]

isnt almost all of the job growth just existing businesses opening back up? :lol

[TimDunkem]

isnt almost all of the job growth just existing businesses opening back up? :lol
Many of which are currently closing or rolling back reopening again. :lol

[daslicer]

How far the US has fallen with cooking up these numbers. This is something a third world country like India would do. At the rate they are cooking the books I'm expecting 5 percent unemployment by September.

[DMX7]

Stick to biting ankles if you got to what that. :lol

Huh?

[RandomGuy]

Chumpettes not gonna like this.
Bad news for Zombie Rapist.

The Unemployment Rate Is Falling, But More People Are Losing Their Jobs Permanently
https://fivethirtyeight.com/features/the-unemployment-rate-is-falling-but-more-people-are-losing-their-jobs-permanently/

[leemajors]

How far the US has fallen with cooking up these numbers. This is something a third world country like India would do. At the rate they are cooking the books I'm expecting 5 percent unemployment by September.

If you believe this just started you're fairly naive

[boutons_deux]

https://www.rawstory.com/wp-content/uploads/2020/07/Screen-Shot-2020-07-02-at-11.09.14-AM.png





1.4M applied for unmployment last week

[Splits]

1278814736516296713

Damn

[pgardn]

Rice, Rice Baby.

-Ducks

[daslicer]

If you believe this just started you're fairly naive

I have known for years that all administrations tend to fudge the unemployment numbers to their advantage. The difference with this administration it is blatantly obvious that they are fudging the numbers hence why I made that third world reference.

[DMX7]

1278814736516296713

Damn

He’s part of the establishment now. :lol

[ducks]

https://twitter.com/realDonaldTrump/status/1278830490812899329?s=20

Lol Rachel

[TimDunkem]

https://twitter.com/realDonaldTrump/status/1278830490812899329?s=20

Lol Rachel

You didn't read any of the replies after your last post in this thread, huh?

[Spurtacular]

The Unemployment Rate Is Falling, But More People Are Losing Their Jobs Permanently
https://fivethirtyeight.com/features/the-unemployment-rate-is-falling-but-more-people-are-losing-their-jobs-permanently/

That's why you don't shut down economies, numb nuts.

[midnightpulp]

isnt almost all of the job growth just existing businesses opening back up? :lol

Yep. And I don't know why people are preemptively celebrating this anyway. Half of June was rather tame with regard to Coronavirus spread, so businesses reopened and those jobs were re-added. But guess what's happened over the past two weeks? Coronavirus brought us back to reality and we're once again seeing statewide closures of bars, restaurants, and curfews. And this recent poll showed that 76% of Americans are worried about catching it, up from 69% in mid-June. https://www.ipsos.com/en-us/news-polls/abc-news-coronavirus-poll

This will likely translate into lower consumer confidence and such.

[RandomGuy]

That's why you don't shut down economies, numb nuts.

Large loss of life and disruption from illness from a pandemic costs more to an economy than shutting down. I would give you the link to the economic study on that if you weren't too lazy to read it.

[RandomGuy]

https://twitter.com/realDonaldTrump/status/1278830490812899329?s=20

Lol Rachel

:lol "the unemployment rate fell to only three times what it was a few months ago"

Polish that turd.

[DMC]

1278814736516296713

Damn

Seriously? Fuck. I had 1st row.

[leemajors]

Seriously? Fuck. I had 1st row.

I haven't seen anything about Color Me Badd canceling for the 4th

[baseline bum]

I haven't seen anything about Color Me Badd canceling for the 4th

They say it's postponed

https://colormebaddmusic.com/

[Spurtacular]

Large loss of life and disruption from illness from a pandemic costs more to an economy than shutting down. I would give you the link to the economic study on that if you weren't too lazy to read it.

This doesn't kill healthy people, numb nuts. Too many weak men in this world.

TheGreatYacht

[DMX7]

https://www.rawstory.com/wp-content/uploads/2020/07/Screen-Shot-2020-07-02-at-11.09.14-AM.png





1.4M applied for unmployment last week

The fact that Trump and Pence are celebrating this as "talent" and a remarkable achievement just shows you how ignorant they are as to how the economy and recession/recovery actually work.

It's actually scary how dumb some of what they say is.

[Spurtacular]

Large loss of life and disruption from illness from a pandemic costs more to an economy than shutting down. I would give you the link to the economic study on that if you weren't too lazy to read it.

No large loss of life yet. Let's not cut off our nose despite our face, weak man.