But layoff's continue ..... New claims for state unemployment insurance fell last week, but layoffs continue to come at an extraordinarily high level by historical standards. Initial claims for state benefits totaled 790,000 before adjusting for seasonal factors, the Labor … [Read more...] about Jobless claims drop 76,000 from last week….
economy
Democrats will move to create jobs and increase wages before any tax hikes for the rich…..
No surprise on this.... Bernie Sanders and Elizabeth Warren going after the rich and corporations will have to wait until the economy gets better, if it happens at all... Congress writes the tax code and the politics of the 2022 midterms will kick in early to mid 2022, when … [Read more...] about Democrats will move to create jobs and increase wages before any tax hikes for the rich…..
Jobless benefits claims remain high…
Less than a Million fro the last week of August 2020.... But 857,000+ is about double what it should be.... 30 million ARE receiving benefits in a country of 330 million.... Blame the virus?.... More than four months after Americans began emerging from the … [Read more...] about Jobless benefits claims remain high…
US added 1.4 million jobs…Jobless rate drops to 8.4…The Good and Bad….
The numbers look good.... But they mask the fact that a LOT of other things are going on that ain't so rosey..... Employers continued to bring back furloughed workers last month, but at a far slower pace than in the spring, and millions of Americans remain out of work. The … [Read more...] about US added 1.4 million jobs…Jobless rate drops to 8.4…The Good and Bad….
Wall Street had a bad day 9/3/2020…
Everybody has watched as the stock market has rallied and Rallied,,and RALLIED while the rest of America was looking over its shoulders with masked faces... Jobless numbers at record levels.... US Government speaking money it doesn't have.... A re-election vote coming in … [Read more...] about Wall Street had a bad day 9/3/2020…
US weekly jobless claims at 881,000….
That is lower than the previous weeks claim numbers that have been over a million per week... But the claim's are hundreds of thousands above the highest that occurred during the worst Recession.... Hundreds of thousands of Americans filed for unemployment insurance last … [Read more...] about US weekly jobless claims at 881,000….
NYC Mayor says he’ll hold off laying off 22,000 workers…
Mayor De Blasio says their saving races will be more Federal money for the city's shortfall in tax revenue due to the virus shutdowns and business limitations....Or the ability to borrow more money.... New York City Mayor Bill de Blasio will delay sending pink slips to 22,000 … [Read more...] about NYC Mayor says he’ll hold off laying off 22,000 workers…
Donald Trump and the Republicans want America to be afraid of Joe Biden….
Donald Trump continues to lie to try to get people to see things 'his' way.... We have become almost immune to how much.... As he wants.... He is trying to change reality right in front your eyes.... And the only brake on him is the media.... He owns the nations … [Read more...] about Donald Trump and the Republicans want America to be afraid of Joe Biden….