- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Unemployment at 14.7%
Posted on 5/8/20 at 7:54 am to HailToTheChiz
Posted on 5/8/20 at 7:54 am to HailToTheChiz
Is that through the end of April officially? I think there is a temporary one and a permanent one. Once things open back up I think it falls to 8% pretty quick. To get to sub 5% will take 100% capacity at restaurants, casinos and other entertainment events. I think that takes 6 months or more.I know several businesses that furloughed employees some with sizable numbers that are now back on payroll due to PPP so they’ll washout of it pretty quickly.
1
Posted on 5/8/20 at 8:00 am to tigereye58
18.1 million are considered temporary according to cnbc while 2M are permanent. That’s the more important number. PPP will pull millions out of that number by the end of May.
Posted on 5/8/20 at 8:01 am to fjlee90
quote:
For now. Will be less than 5% come November.
Not a chance in hell
Posted on 5/8/20 at 8:02 am to fjlee90
Not going to be 5% come November. Some industries are hit too hard to allow for mass hiring of low income wage earners.
It should be close to 10% by year end.
It should be close to 10% by year end.
Posted on 5/8/20 at 8:03 am to tigereye58
Most of those 18 million will not be asked back. Been around this world long enough to know how it works.
Posted on 5/8/20 at 8:05 am to uppermidwestbama
Exactly because employers are going to be very, very conservative about hiring in this environment.
Posted on 5/8/20 at 8:05 am to Northwestern tiger
Earlier this week the media predicted 20%.
Posted on 5/8/20 at 8:07 am to Northwestern tiger
This will happen if you deliberately shut down the work.
Posted on 5/8/20 at 8:08 am to Zach
quote:
Earlier this week the media predicted 20%.
Just reporting what some economists are saying.
Posted on 5/8/20 at 8:11 am to Dr Rosenrosen
quote:
Stay home!
Amazing how many states (especially blue states) continue that narrative. It doesn't work, all a overreaction!!
Posted on 5/8/20 at 8:13 am to Powerman
I'm sure you're right. I'm sure that a senile lickspittle to China in the White House will make no difference.
Posted on 5/8/20 at 8:13 am to Tiger in Texas
The whole stay home narrative is truly disgusting. It's not saving anything and it's further crashing our economy.
Posted on 5/8/20 at 8:26 am to Northwestern tiger
And the markets jumped
Posted on 5/8/20 at 8:43 am to Northwestern tiger
Link for those interested: CNBC
I haven’t done the research, but I’m curious to see how the C portion of GDP has been affected, and how consumer confidence is ranking. If CC is still tanking, no one’s going to buy anything and there will be no need to hire. This could then flow over into the I portion of GDP, which could hit jobs higher up the chain.
Until people start shopping, dining, etc., the employment numbers will be in the shitter.
I haven’t done the research, but I’m curious to see how the C portion of GDP has been affected, and how consumer confidence is ranking. If CC is still tanking, no one’s going to buy anything and there will be no need to hire. This could then flow over into the I portion of GDP, which could hit jobs higher up the chain.
Until people start shopping, dining, etc., the employment numbers will be in the shitter.
Posted on 5/8/20 at 8:45 am to Powerman
quote:
Makes little difference who the president is really
Can you stop
Posted on 5/8/20 at 2:30 pm to SDVTiger
This country is screwed, it will take YEARS to undo what has been done, just wait for the inflation dumb arse Trump did by printing 6 trillion cash, and you just wait for the bailouts which haven't even started.
Remember, banks and big businesses are too big to fail. I remember 2008-2010 real well thank you.
Remember, banks and big businesses are too big to fail. I remember 2008-2010 real well thank you.
Posted on 5/8/20 at 2:58 pm to Northwestern tiger
Why should they work when they get $1,000 a week in unemployment?
Posted on 5/8/20 at 3:40 pm to Powerman
quote:
Makes little difference who the president is really
In some past eras, I could agree with you, but in certain times, especially now, with the shadow govt flexing harder than ever in W and Barry's terms, the depth of corrupt politicians at hand, and this coup d'etat of last four years..
Bullsh!t to your comment!
Posted on 5/8/20 at 3:55 pm to TheRoarRestoredInBR
All politicians are corrupt, they aren't any more corrupt today than 5,000 years ago.
There was one really smart level headed group that founded this country and it has been down hill since.
There was one really smart level headed group that founded this country and it has been down hill since.
Posted on 5/8/20 at 3:59 pm to Powerman
quote:
Makes little difference who the president is really
I think there would be a huge difference between Biden and Trump getting the economy rolling again.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News