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April Job Report

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nebish
(@nebish)
Posts: 4841
Illustrious Member
Topic starter
 

https://www.bls.gov/news.release/empsit.nr0.htm

20.5 million jobs lost in April after losing 870,000 jobs in March. Unemployment jumps to 14.7%.

18.1 million of those jobs are reported to be "temporary layoff", just makes you wonder how many of those are going to become permanent.

Labor participation rate fell to it's lowest level since 1973, 60.2%.

Unemployment with those having less than a high school diploma rose to 21.2%. The rate for those with a bachelors degree or higher was 8.4%.


 
Posted : May 8, 2020 11:04 am
OriginalGoober
(@originalgoober)
Posts: 1861
Noble Member
 

The only glimmer of hope is that things were going well before the virus so once the shutdown restrictions ease up the job numbers can start to reverse.


 
Posted : May 8, 2020 1:09 pm
gina
 gina
(@gina)
Posts: 4801
Member
 

Pops, the economy was doing good before the virus wasn't it? Then nefarious individuals or bad luck brought everything else. I know you think he's a blow hard but that only means if he got sick he wouldn't need a ventilator and yes the tweets will continue. He has an important job to do and he is doing it. FOUR MORE YEARS...


 
Posted : May 8, 2020 2:17 pm
nebish
(@nebish)
Posts: 4841
Illustrious Member
Topic starter
 

I guarantee I can find a post from Pops42 3 years ago that said the exact same thing. I'm pretty sure I can find multiple posts from multiple timeframes.

Trump was always cause a depression, he just knew it, right?

Trump downplaying the risk of a world-wide pandemic is why we'll have a depression. Let's just see how many other countries with leaders not named Trump rebound economically.

The National Security Counsel Pandemic Team would've averted economic ruin, right? Insert any POTUS other than Trump and we would've averted economic ruin, right? All these countries around the globe are going to avoid recession/depression because they have leaders not named Trump, right?


 
Posted : May 8, 2020 7:26 pm
tcatanesi
(@tcatanesi)
Posts: 218
Estimable Member
 

He has an important job to do and he is doing it. FOUR MORE YEARS...

He has an important job to do and he is NOT doing it. NO MORE YEARS...


 
Posted : May 9, 2020 6:49 am
MartinD28
(@martind28)
Posts: 2853
Famed Member
 

He has an important job to do and he is doing it. FOUR MORE YEARS...

He has an important job to do and he is NOT doing it. NO MORE YEARS...

His job is to enrich himself & his family at taxpayer expense. On that we'll give him a 10 on a 10 scale. Bravo. Long live the monarchy.

Can't think of a better inner circle that consists of his daughter & son in law playing "let's lead America". Experience & skills not required.


 
Posted : May 9, 2020 7:21 am
MartinD28
(@martind28)
Posts: 2853
Famed Member
 

I guarantee I can find a post from Pops42 3 years ago that said the exact same thing. I'm pretty sure I can find multiple posts from multiple timeframes.

Trump was always cause a depression, he just knew it, right?

Trump downplaying the risk of a world-wide pandemic is why we'll have a depression. Let's just see how many other countries with leaders not named Trump rebound economically.

The National Security Counsel Pandemic Team would've averted economic ruin, right? Insert any POTUS other than Trump and we would've averted economic ruin, right? All these countries around the globe are going to avoid recession/depression because they have leaders not named Trump, right?

Your half-a$$ed attempt to slam me wasnt well thought out. Yeah, I knew trump would leave this country a mess by the time he left office [thats what he's good at] and pointing fingers. If the safeguards were left in place to protect the U.S. from a pandemic, the damage would have been significantly less, this is a fact you cant dispute. if trump acted sooner, instead of claiming the warnings of covid 19 were an overreaction, the damage would have been much less costly in lives and capital. trump doesnt give a sh!t about people dying, and human suffering, as long as he holds on to power.

I agree.

First mistake - Trump's eliminating the NSC Pandemic Unit. Do we need to remind people of the function of that unit.

Second mistake - Not acting on information provided earlier instead of downplaying troubles ahead wishing it away.

If Trump would have gotten ahead of things instead of brushing them under the carpet, there's pretty much a cause and effect of his lack of management & leadership position. His delayed response came with a tremendous price - both in sickness, death, and the economy. He is to blame but accepts no responsibility for everything that is supposed to go along with his job. He always blames others or shirks his authority.

To make matters worse, he has shown little empathy during this pandemic. Follow his words and the minutes or seconds he spends in speeches or pressers dealing with the empathy side of sickness and death. He pivots to his go to - the economy. At times like this we need someone with humanitarian traits, a people person, and not someone who cares more about the SP-500 than he does the people.


 
Posted : May 9, 2020 10:38 am
BIGV
 BIGV
(@bigv)
Posts: 4139
Famed Member
 

Pops, the economy was doing good before the virus wasn't it? Then nefarious individuals or bad luck brought everything else. I know you think he's a blow hard but that only means if he got sick he wouldn't need a ventilator and yes the tweets will continue. He has an important job to do and he is doing it. FOUR MORE YEARS...

Back on the trump train for you 😛 you will NEVER learn.

Trump train

Biden off the rails


 
Posted : May 9, 2020 10:55 am
nebish
(@nebish)
Posts: 4841
Illustrious Member
Topic starter
 

I guarantee I can find a post from Pops42 3 years ago that said the exact same thing. I'm pretty sure I can find multiple posts from multiple timeframes.

Trump was always cause a depression, he just knew it, right?

Trump downplaying the risk of a world-wide pandemic is why we'll have a depression. Let's just see how many other countries with leaders not named Trump rebound economically.

The National Security Counsel Pandemic Team would've averted economic ruin, right? Insert any POTUS other than Trump and we would've averted economic ruin, right? All these countries around the globe are going to avoid recession/depression because they have leaders not named Trump, right?

Your half-a$$ed attempt to slam me wasnt well thought out. Yeah, I knew trump would leave this country a mess by the time he left office [thats what he's good at] and pointing fingers. If the safeguards were left in place to protect the U.S. from a pandemic, the damage would have been significantly less, this is a fact you cant dispute. if trump acted sooner, instead of claiming the warnings of covid 19 were an overreaction, the damage would have been much less costly in lives and capital. trump doesnt give a sh!t about people dying, and human suffering, as long as he holds on to power.

I'm sorry to disappoint you. Perhaps I can do better this time.

We all know you have thought from day 1 that a depression was just around the corner, waiting to happen any minute from Trump's recklessness and incompetence right - it only took 3 years and I guess you must've known a global health pandemic was coming to put your frequent prediction into play.

What evidence do you have to suggest that Trump would leave, specifically, this economy in a "mess" when he left office? Because from the data I look at - which is what the major news outlets all report - he inherited an economy on the uptick and he made it better, dare I say even, up until this coronavirus pandemic it was the best economy of our lifetimes. Now, it's fine if you think Presidents get too much credit and too much blame for performance of an economy on their watch, actually I'd agree with you. At any rate this is always how Presidents are perceived, and we know what they say about perception.

Barring a global health pandemic, I believe that growth was slowing, growth was going to be a challenge this year. But certainly there was not a recession or a depression just waiting to pounce, yet you knew it all along didn't you. I'll have to take you to Vegas next time I place some future wagers since you have that crystal ball that knew an unforeseen event was going to derail the economy that you could try to pin on Trump.

Regarding this coronavirus and Trump with you saying "the damage would have been significantly less"...how can you qualify that statement? Can you say that 1 less person would've died, 1000 less people, 10,000 less people? Would we have half the infections we have now? Can you say that only 1 million jobs would've been lost, or 10 million jobs as opposed to what we have now? How do you know the damage would be significantly less and to what extent? You don't. Nor do I, I just don't make statements claiming I do.

Here is what I know.

The United States has a .396% infection rate. That is 1,307,676 cases divided by 330,000,000 population. That is less than Spain (.47%) and Singapore (.40%) and about average with Italy (.36%) and the UK (.323%) with France (.26%), Netherlands (.25%) and Sweden in range (.26%). And there are lots of other countries some in this same .3-.2 ballpark and some lower, but the ones that are lower, there is some interesting testing data that I will get to shortly.

Tell me, because what I hear from you and goldtop and crazyjoe is that Trump is the reason for all of this, tell me why are other nations experiencing similar infection rates. Do they have a Donald Trump too?

There are some countries that have fewer infections as a percentage of their population. But I think you will find this next statistic interesting which I gathered here: https://ourworldindata.org/coronavirus-testing#world-map-total-tests-performed-relative-to-the-size-of-population

The United States has conducted 24.49 tests per 1000 as of May 7th. Not too bad considering South Korea is supposed to be the gold standard and they have conducted just 12.77 tests per 1000. UK 16.79. Sweden 14.7. France 12.73. Some countries are on par with us and some have done slightly better and then others have absolutely abysmal testing rates, talking like Japan 1.5 per 1000, Taiwan 2.79 per 1000. You know, it is interesting, when the media here reports on the states opening up all we here about is there is not enough testing, when the media reports on foreign countries opening up their economies, not a peep about their testing. Because it isn't significantly better than ours and in fact some nations are worse. Never mind that.

How about employment, because only Donald Trump could drive this economy into the "worst" depression in history right? Well, it's the virus pops, not Trump. How do I know this, because economies around the world are experiencing similar contractions and job loss.

According to CNBC Germany is experiencing "unprecidented" drop in employment with figures dropping to "historic lows". And 15.3% of Australia is unemployed.

Pops, you are entitled to any opinion you like to have, and of course you can post all of that right here. But when another member takes exception, we will comment - just as you and everyone can reply to me when disagreement occurs.

You know, the people that hate Trump really are not all that different from the people that love Trump. Both allow their emotions to block out any and all subjectivity. Trump is either the savior of everything or the blame for everything when neither is true in every sense. But go on thinking as you like.


 
Posted : May 9, 2020 7:30 pm
alanwoods
(@alanwoods)
Posts: 1053
Noble Member
 

It only takes half an ass to predict that the next semi-literate prognostication will be that organized labor will somehow avert the impending economic armageddon.

😛 😛 😛 😛 😛 😛 😛 😛 😛 😛 😛


 
Posted : May 10, 2020 3:50 am
Jerry
(@jerry)
Posts: 1842
Noble Member
 

Karma is a bitch.

So was my last high school girlfriend, but her name wasn't Karma.


 
Posted : May 11, 2020 12:23 pm
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