Posted on 08/05/2020 6:09:47 AM PDT by ChicagoConservative27
Businesses in the United States expanded their payrolls by just 167,000 in July, according to a report from payroll processor ADP.
Economists had forecast around 1.9 million, with a range between 750,000 and 3.3 million, according to Econoday. In a sign of the extreme levels of uncertainty around jobs numbers in the pandemic era, economists surveyed by Dow Jones forecast a 1 million jobs gain.
(Excerpt) Read more at breitbart.com ...
When you can get unemployment with a 600 dollar kick back from uncle sugar since april, why go back to work?
Businesses began getting shut down again last month. Thank your local Democrats.
Second shutdowns. Who’s going to hire?
If you got called back to your job, you accept or lose unemployment.
Can a waiter working 1/4 the hours for 10% of their normal pay afford their bills?
Whose fault is this, government or the people?
The fallout from the shutdown is far from over.
It’s due to the constant stream of media lies, deception, and fear-mongering, in support of Demonrat state/city lockdowns. They’ll attempt to keep this going until the election. The Demonrats WANT a 2nd Great Depression. If they keep this up, they’ll have one.
Simple solution, just give everyone getting a check from the government and say they are employed by the government or democrap party whichever because that is what is happening. When you pay someone not to work, surprise, what do you get?
Think it would stand to reason that economists who blow these predictions during perfect times would struggle during these times.
Correct. They need to open their states back up. This is BS.
This line needs to be used in a debate with Biden: It's not the economy, stupid. It tyrannical Democrats.
The problem can be solved with very little effort. Any earned income you make from now until the end of the year is taxed at a rate of 5%. Unemployment income is taxed at a rate of 25%. Employers with US employees that are greater than the number of US employees they had last year will have taxes reduced by 35% over last year for the upcoming fiscal year.
Reduce taxes on what you want more of, raise taxes on what you want less of. It’s really not that complicated.
I question whether this number is accurate
Everyone else sided in this article has predicted much higher numbers and the president has done as well
Meanwhile the market just opened up 150 points I think it would be down substantially if this number was anything close to being accurate
I was going to retire in January of this year. I’ve decided to hang on as long as necessary. the reason is simple: I’m working from home indefinitely and no longer have to do that daily 3 hour commute.
I’m saving, in after tax dollars, over $700 a month. And that is living in an area where that is more than a monthly mortgage payment. i.e. it’s huge.
“Businesses began getting shut down again last month. Thank your local Democrats.”
Don’t forget never Trumper RINOs like DeWine. This is what happens when you give self interested maggots that much power.
People really have no concept of how bad this can get. I mean, how bad it is GOING TO get. 2008 was just a practice run. Give it a year. This will be one for the history books.
Don’t spend anything you don’t absolutely have to. Pay off your secured debt. Sell the extra car. This will be worse than the last Great Depression. It will probably result in war or its equivalent.
I don’t think “second shutdowns” are nearly as big a factor as PERMANENT SHUTDOWNS.
Next month how much will they quietly revise the number upward? I guess Wall Street isn’t paying much attention as the Dow has gone back over 27K.
If SlowJoe gets in, the economic recovery will never happen.
Just because the DOW is up doesn’t mean squat. This economy based on debt levels alone is hanging by a thread.
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