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re: Some positive news: 2.5 Million jobs added in May - destroying predictions
Posted on 6/5/20 at 8:51 am to LSU316
Posted on 6/5/20 at 8:51 am to LSU316
This economic downturn was imposed by our government via mandatory shut down, so I'm okay with extending the increased benfits....just not an extra $600/week. Cut that in half and step it down to encourage people to return to work.
Put the difference into helping out the airlines, restaurants, and other impacted businesses.
Put the difference into helping out the airlines, restaurants, and other impacted businesses.
1
Posted on 6/5/20 at 8:51 am to member12
I’d expect this to continue through the summer as stuff opens up. Some jobs won’t come back but most will
Posted on 6/5/20 at 8:53 am to tylercsbn9
quote:
I’d expect this to continue through the summer as stuff opens up. Some jobs won’t come back but most will
Unfortunately, most projections i've seen anticipate unemployment to stabilize at 10+%.
Posted on 6/5/20 at 8:54 am to SlidellCajun
quote:
I think the projection was a few million lost jobs
It's probably next to impossible to properly predict unemployment. The economic impact has been very lopsided so far, with service jobs being hit the hardest.
The ripples haven't really hit the higher skilled parts of the economy until very recently.
Posted on 6/5/20 at 8:54 am to PearlyBaker
quote:
I’m down with giving it to the folks on unemployment so they spend it and it ends up in the local economy.
We need these people to get their arse back to work instead of spending government handouts.
Posted on 6/5/20 at 8:58 am to LSU316
There is talk of a "return to work bonus" and a payroll tax holiday.
Unfortunately, some in Washington thinks that it helps their political chances if unemployment remains high. So there will be resistance to anything that will grow the economy.
Unfortunately, some in Washington thinks that it helps their political chances if unemployment remains high. So there will be resistance to anything that will grow the economy.
Posted on 6/5/20 at 8:59 am to tylercsbn9
quote:
Some jobs won’t come back but most will
Airlines in particular will have a very long year ahead of them IMO.
Posted on 6/5/20 at 9:14 am to upgrayedd
He can’t keep getting away with it!
Posted on 6/5/20 at 9:15 am to member12
Trump can’t keep getting away with this
Posted on 6/5/20 at 9:16 am to member12
trump not kicking millions off unemployment before election yr.. no way in hell dude
Posted on 6/5/20 at 9:19 am to member12
Posted on 6/5/20 at 9:24 am to upgrayedd
Wonder where she/he/it is currently rioting?
Posted on 6/5/20 at 9:54 am to member12
Stop taking credit, this is Obama’s economy.
ETA: obviously you people don’t get sarcasm.
ETA: obviously you people don’t get sarcasm.
This post was edited on 6/5/20 at 12:11 pm
Posted on 6/5/20 at 10:22 am to member12
That's a massive improvement over the projections.
Perhaps the rebound from the mandatory Covid-19 shut downs is more of a V shaped bounce rather than a prolonged U shaped recovery. I'm sure there will be a lot of very educated, well informed opinions on this over the next few days.
We aren't out of the woods. A lot of companies have recently announced at least modest layoffs, including mine.
Perhaps the rebound from the mandatory Covid-19 shut downs is more of a V shaped bounce rather than a prolonged U shaped recovery. I'm sure there will be a lot of very educated, well informed opinions on this over the next few days.
We aren't out of the woods. A lot of companies have recently announced at least modest layoffs, including mine.
Posted on 6/5/20 at 10:32 am to PearlyBaker
quote:
GOP is just going to spend that money on some other bullshite like MRAPs for police departments so I’m down with giving it to the folks on unemployment so they spend it and it ends up in the local economy.
That's cute and all, but it's the Democrats in congress that are actually pushing for bail outs of municipalities, transit systems, and entire states. And when they get extra cash, they usually waste it on bullshite they don't need.
Either way, these numbers are a great sign that the rebound is at least kicking off very quickly - likely impacting retail, restaurants, and entertainment first. Businesses and employees in those markets have had a terrible few months.
This post was edited on 6/5/20 at 10:35 am
Posted on 6/5/20 at 11:42 am to member12
If the GOP is gonna cave on extending the UI money like most of us expect them to, I like the idea of stepping down the extra UI money over that period of time.
This post was edited on 6/5/20 at 11:43 am
Posted on 6/5/20 at 11:55 am to Errerrerrwere
quote:
Damn. Trump can add jobs during a pandemic and rioting!
This election year is going to be 84ish
Posted on 6/5/20 at 12:12 pm to SlidellCajun
quote:
Wow! I think the projection was a few million lost jobs
Projections were that we would LOSE 9.5 million jobs. Safe to say that didn’t work out.
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