Magox Posted July 2, 2020 Author Posted July 2, 2020 Huge Employment Report! Quote Nonfarm payrolls jumped by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%. The report was released a day earlier than usual due to the July Fourth U.S. holiday. The recovery is certainly over performing expectations on just about every metric. The only one where it continue to slightly under perform are weekly jobless claims, which goes back to the cross currents that I have mentioned a few times. Now that we have some rollbacks and pauses, I wouldn't expect the gains to increase from this huge blow out 4.8 million number. My guess is that the gains from here moving forward will be much more tempered. With that said, the hole that we have to dig ourselves out of are MUCH MUCH less shallow than where we believed we'd be in the beginning of July. There were economists who didn't believe we'd reach 11% unemployment until the end of the year. I had predicted that we could be at around 10% by the end of the year, I would say based off of what we are seeing, We could possibly be at around 7-8% by then. With that said, I do think it's going to get a lot tougher pretty soon. 3
B-Man Posted July 2, 2020 Posted July 2, 2020 RECOVERY SUMMER! Record jobs gain of 4.8 million in June smashes expectations; unemployment rate falls to 11.1%. Democrats, media hardest hit. 1
Orlando Buffalo Posted July 3, 2020 Posted July 3, 2020 On 6/30/2020 at 10:42 AM, plenzmd1 said: Hmm, certainly not seeing that in Richmond Va or the District as of yet, at least in terms of supply and pricing in the cities. One person in our building in DC just sold above asking in less than 4 days..all done virtually. We are about 1 mile from White House. In Richmond, we were hoping to make the switch from burbs to the Fan district, which contains Monument Ave..where the protests are all going on..nothing for sale. Conversely, nothing is selling in our burb neighborhood right now...and pricing dropping. Anecdotal for sure, and not Manhattan or Brooklyn if that is where your son lives...but sure wish it would happen here!!!!! My prediction is that only the very high population areas will have a negative impact(NYC, SF, SEA maybe a few others) with most other places staying neutral. I initially hoped it would cause values to drop along coast in FL but there is no indication of that happening according to a real estate agent I spoke with this week. I will admit I had a very different prediction in March.
B-Man Posted July 3, 2020 Posted July 3, 2020 Keep telling me that it's about safety. The State of California has banned singing in any indoor religious services, even with masks on, under new guidelines issued by the Department of Public Health to control the spread of the coronavirus. The new guidelines state Even with adherence to physical distancing, convening in a congregational setting of multiple different households to practice a personal faith carries a relatively higher risk for widespread transmission of the COVID-19 virus, and may result in increased rates of infection, hospitalization, and death, especially among more vulnerable populations. In particular, activities such as singing and chanting negate the risk- reduction achieved through six feet of physical distancing. *Places of worship must therefore discontinue singing and chanting activities and limit indoor attendance to 25% of building capacity or a maximum of 100 attendees, whichever is lower. Local Health Officers are advised to consider appropriate limitations on outdoor attendance capacities, factoring their jurisdiction’s key COVID- 19 health indicators. At a minimum, outdoor attendance should be limited naturally through implementation of strict physical distancing measures of a minimum of six feet between attendees from different households, in addition to other relevant protocols within this document. California had begun re-opening places of worship a few weeks ago, as the state had succeeded in slowing the spread of the disease. But a surge of cases since early June — coinciding with the eruption of the Black Lives Matter protests — has caused the state to reinstate many restrictions.
B-Man Posted July 3, 2020 Posted July 3, 2020 THE GREAT REOPENING: Judge Nukes Ill. Lockdown: Pritzker ‘Had No Authority’ to Restrict Movement and Close Businesses. 1 1
B-Man Posted July 3, 2020 Posted July 3, 2020 It’s Time to Unplug From the Media’s Pandemic Porn Posted by Leslie Eastman ▪ July 3, 2020 at 12:00pm The good news related to the coronavirus the press just won’t share. 1
GG Posted July 3, 2020 Posted July 3, 2020 CNN had a segment on today (again without any hint of irony) discussing the troubled state of the healthcare system and concerns about people's health, because all resources were thrown at Wuhan virus. 1
bilzfancy Posted July 5, 2020 Posted July 5, 2020 2 minutes ago, B-Man said: this may sound racist, but I don't care..... a black man, killed by police gets 3 funerals with thousands of people attending, no big deal, a war hero passes and even his family can't be there for the funeral..friggin sickening 4 1 1
1B4IDye Posted July 6, 2020 Posted July 6, 2020 Photo op's are the highest tier priority for hypocrites: 1 1
RocCityRoller Posted July 6, 2020 Posted July 6, 2020 (edited) 1 hour ago, Hedge said: Photo op's are the highest tier priority for hypocrites: Obviously those bubbles are made from hand sanitizer /s Why else would a Congressperson blow her breath and saliva particles (which carry COVID) into the face of a toddler? Do as I say, not as I do. Imagine if that was an conservative, or Republican? We would have stories of 'Death Bubbles' blown into face of innocent toddler..... Edited July 6, 2020 by RocCityRoller 1
Buffalo_Gal Posted July 6, 2020 Posted July 6, 2020 ICE tells students on visas they must leave US if schools go online-only Immigration and Customs Enforcement (ICE) announced Monday that international students in the U.S. whose schools switch to online classes for the fall semester will have to leave the country or risk violating their visa status. Under the new rule, foreign nationals enrolled in U.S. educational institutions will have to leave the country unless part of their course load this fall is taken in-person. </snip> 2
Koko78 Posted July 6, 2020 Posted July 6, 2020 6 minutes ago, Buffalo_Gal said: ICE tells students on visas they must leave US if schools go online-only Immigration and Customs Enforcement (ICE) announced Monday that international students in the U.S. whose schools switch to online classes for the fall semester will have to leave the country or risk violating their visa status. Under the new rule, foreign nationals enrolled in U.S. educational institutions will have to leave the country unless part of their course load this fall is taken in-person. </snip> Makes sense. No reason for them to be in the US if they can take classes online from whatever country they're from.
BillStime Posted July 6, 2020 Posted July 6, 2020 3 hours ago, Hedge said: Photo op's are the highest tier priority for hypocrites: Yea we know:
OldTimeAFLGuy Posted July 6, 2020 Posted July 6, 2020 ...will be interesting to see how quickly Pelosi and her gang craft legislation to extend this to Dec. 31................... Extra $600 a week in unemployment insurance no longer needed: labor secretary Federally enhanced unemployment benefits to expire July 31 By Evie FordhamFOXBusiness Labor Secretary Eugene Scalia said he does not think that $600-a-week enhanced unemployment benefits are needed "going forward" when asked if he supported trading continued enhanced benefits for the payroll tax cut that President Trump has floated. "It was a really important thing to do as we were shutting our economy down. Americans across the country were basically being told, and we needed to take measures, but they were basically being told, you can't go to work right now. ... I don't think we need that $600 benefit going forward," Scalia told "Fox News Sunday." The federally enhanced unemployment benefits will expire on July 31. https://www.foxbusiness.com/money/unemployment-benefits-600-extension-eugene-scalia
B-Man Posted July 7, 2020 Posted July 7, 2020 ‘It is NOT safe to keep schools closed’: Receipt-filled thread on kids going back to school FULL TIME a must read and share
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