https://upfina.com/labor-market-reverses-recovery-its-now-getting-worse/
We have been starting to see a stabilization in initial jobless claims which is a problem because they are still high. The economy needs a fiscal stimulus and COVID-19 solutions to take the next step in the recovery. The decline in continued claims is a mirage as people are moving off traditional benefits to pandemic and extended benefits. The increase in PEUCs was actually larger than the decline in continued claims in this report.
These bad results signal the October jobs report will be weak. Headline job creation will probably be helped by an improvement in government jobs added, but private sector jobs added will probably fall sharply. Because that report will come out so close to the election, it’s not going to encourage more stimulus. Either a stimulus passes in October or we might need to wait until the end of the year during the lame duck period.
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You think its bad now people just Wait till the Commies take over, these will seem like GOOD DAYS..And remember you wanted it, you cheered for it, you clapped for it, YOU GOT IT.
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