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Thread: Unemployment rate drops to 13.3% as economy gained 2.5M jobs in May

  1. #11
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    Tahuyaman's Avatar Senior Member
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    The irrational lock-downs cost millions of jobs. Starting to restore those jobs is great news, but how many of those small business jobs are lost forever?

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    bulletbob (06-06-2020)

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    Quote Originally Posted by Tahuyaman View Post
    The irrational lock-downs cost millions of jobs. Starting to restore those jobs is great news, but how many of those small business jobs are lost forever?
    At least 20%
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Trish's Avatar Senior Member
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    Quote Originally Posted by Docthehun View Post
    Stellar news...perhaps, a little too so. Hoping for the best, we shall see.
    Agree. Unfortunately local governments aren't bringing in the revenue and so they have to cut budgets which means cutting state jobs like teachers and police. Some economists are saying they don't anticipate getting below double digits until after labor day. And even then it will be dependent on certain conditions.

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    Docthehun (06-05-2020)

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    Black job increases were around 285,000. A normal month of total job gains under Obama.
    ΜOΛΩΝ ΛΑΒΕ


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    Quote Originally Posted by Trish View Post
    Agree. Unfortunately local governments aren't bringing in the revenue and so they have to cut budgets which means cutting state jobs like teachers and police. Some economists are saying they don't anticipate getting below double digits until after labor day. And even then it will be dependent on certain conditions.
    Trying to suppress it until the election, you should try to make it less obvious. What is wrong with you that you'd want Americans in this much economic pain.

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    The economy gained 2.5 million jobs in May, lowering the unemployment rate to 13.3%, the Labor Department said Friday in a employment report.
    Great news. Let's hope things get even better. There will be some permanent impact and things won't be right back to the great situation we had before the pandemic (I wish we had supported payroll more) but a big jump like this one of 2.5 million jobs is certainly encouraging!
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    Quote Originally Posted by Peter1469 View Post
    Black job increases were around 285,000. A normal month of total job gains under Obama.
    That is not good for the Democrats and Joe Biden.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Quote Originally Posted by Common View Post
    You just cant stop the Productiive America for long...
    Lest we forget, Common was one of the biggest supporters of the disastrous lockdowns that nearly destroyed the economy.
    Power always thinks it has a great soul, and vast views, beyond the comprehension of the weak. And that it is doing God service when it is violating all His laws.
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    Quote Originally Posted by Trish View Post
    Agree. Unfortunately local governments aren't bringing in the revenue and so they have to cut budgets which means cutting state jobs like teachers and police. Some economists are saying they don't anticipate getting below double digits until after labor day. And even then it will be dependent on certain conditions.
    Good. The biggest problem in America is way too much government.

    Democrats in particular should be made to suffer for their profligacy. Let them go bankrupt as more and more people flee their mismanaged cities.
    Power always thinks it has a great soul, and vast views, beyond the comprehension of the weak. And that it is doing God service when it is violating all His laws.
    --John Adams

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    What were the U-3 and the U-6 numbers? I figured I'd ask the questions conservatives asked every time the job numbers were released under Obama.
    “Conscientiously believing that the proper condition of the negro is slavery, or a complete subjection to the white man, and entertaining the belief that the day is not distant when the old Union will be restored with slavery nationally declared to be the proper condition of all of African descent, and in view of the future harmony and progress of all the States of America, I have been induced to issue this address, so that there may be no misunderstanding in the future”

    - Jefferson Davis

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