06-05-2020, 09:05 PM
** 05-Jun-2020 World View: Jobs report
I'm not sure what your point is, since nobody claims that there
are 2.5 million new jobs. The whole point of the "paycheck protection
program" was to keep people solvent so that furloughed people can
come right back to work, and apparently it worked very well, much
to the surprise of many people.
As for the economy generally, the world is in a global deflationary
spiral, headed for a major financial crisis, the worst in history.
At the same time, the world is headed for WW III, and the US is headed
for war with China.
The talk about a new American civil war is nonsense.
Guest Wrote:> According to Yahoo Finance reporter , the May jobs report: US
> economy unexpectedly adds 2.5 million payrolls, unemployment rate
> falls to 13.3%. I guess we will be back to 3% employment soon
> using government math.
> 11 million apply for unemployment in May, yet we ADD 2.5 million
> jobs? Excuse me while I develop a hernia laughing. 2.5 million
> jobs are not new jobs. They are furloughed and laid off employees
> brought back as new hires.
> What do you think of the state of the US economy, John? Most of
> the people around me are hurting...
I'm not sure what your point is, since nobody claims that there
are 2.5 million new jobs. The whole point of the "paycheck protection
program" was to keep people solvent so that furloughed people can
come right back to work, and apparently it worked very well, much
to the surprise of many people.
As for the economy generally, the world is in a global deflationary
spiral, headed for a major financial crisis, the worst in history.
At the same time, the world is headed for WW III, and the US is headed
for war with China.
The talk about a new American civil war is nonsense.
