independent and unofficial
Prince fan community
Forum jump
Forums > Politics & Religion > unemployment now the highest it has ever been since the great depression
« Previous topic  Next topic »
Reply   New topic   Printable     (Log in to 'subscribe' to this topic)
Author

Tweet     Share

Message
Thread started 05/08/20 3:11pm

cborgman

avatar

unemployment now the highest it has ever been since the great depression

Unemployment surged to 14.7% in April, highest since Great Depression, as coronavirus triggered 20.5 million job losses

By Megan Henney FOXBusiness


U.S. employers cut 20.5 million jobs in April, a record-shattering number that pushed unemployment to 14.7 percent, the highest level since the Great Depression, as the coronavirus pandemic triggered an unprecedented economic catastrophe.


The grim Labor Department report provides one of the most comprehensive looks at the economic damage inflicted by the virus outbreak and subsequent stay-at-home measures mandated by states to curb the spread of COVID-19.


More than a decade of job gains were erased in a single month; the stunning job losses are more than double what the U.S. saw during the 2008 financial crisis.


Economists surveyed by Refinitiv expected the report to show that unemployment rose to 16 percent in April and that employers shed 21.8 million jobs, essentially erasing all job gains in the past decade.


[...]

-----

disbelief

bye felicia!
 Reply w/quote - E-mail - orgNote - Report post to moderator
Reply #1 posted 05/08/20 3:59pm

13cjk13

avatar

cborgman said:

Unemployment surged to 14.7% in April, highest since Great Depression, as coronavirus triggered 20.5 million job losses

By Megan Henney FOXBusiness


U.S. employers cut 20.5 million jobs in April, a record-shattering number that pushed unemployment to 14.7 percent, the highest level since the Great Depression, as the coronavirus pandemic triggered an unprecedented economic catastrophe.


The grim Labor Department report provides one of the most comprehensive looks at the economic damage inflicted by the virus outbreak and subsequent stay-at-home measures mandated by states to curb the spread of COVID-19.


More than a decade of job gains were erased in a single month; the stunning job losses are more than double what the U.S. saw during the 2008 financial crisis.


Economists surveyed by Refinitiv expected the report to show that unemployment rose to 16 percent in April and that employers shed 21.8 million jobs, essentially erasing all job gains in the past decade.


[...]

-----

disbelief

Trump said it was at 50% or so before he got elected. He really did.

"hey if you found out someone gave you a fake $20 would you be mad?"
 Reply w/quote - E-mail - orgNote - Report post to moderator
Reply #2 posted 05/08/20 4:05pm

cborgman

avatar

13cjk13 said:

cborgman said:

Unemployment surged to 14.7% in April, highest since Great Depression, as coronavirus triggered 20.5 million job losses

By Megan Henney FOXBusiness


U.S. employers cut 20.5 million jobs in April, a record-shattering number that pushed unemployment to 14.7 percent, the highest level since the Great Depression, as the coronavirus pandemic triggered an unprecedented economic catastrophe.


The grim Labor Department report provides one of the most comprehensive looks at the economic damage inflicted by the virus outbreak and subsequent stay-at-home measures mandated by states to curb the spread of COVID-19.


More than a decade of job gains were erased in a single month; the stunning job losses are more than double what the U.S. saw during the 2008 financial crisis.


Economists surveyed by Refinitiv expected the report to show that unemployment rose to 16 percent in April and that employers shed 21.8 million jobs, essentially erasing all job gains in the past decade.


[...]

-----

disbelief

Trump said it was at 50% or so before he got elected. He really did.

did he really?

bye felicia!
 Reply w/quote - E-mail - orgNote - Report post to moderator
Reply #3 posted 05/09/20 1:47pm

2elijah

avatar

I feel like people are going to get more desperate, angry, and rebellious as these numbers climb. Safety will be an issue.
popcorn
 Reply w/quote - E-mail - orgNote - Report post to moderator
Reply #4 posted 05/09/20 1:57pm

13cjk13

avatar

cborgman said:

13cjk13 said:

Trump said it was at 50% or so before he got elected. He really did.

did he really?

From NPR in 2017. I had it wrong at 50%. He said 42%. He is a lunatic.

--------------------------------------------------------------------------------

Trump repeatedly claimed during the campaign that the federal government was understating the real unemployment rate.

"Don't believe these phony numbers," Trump told supporters early last year. "The number is probably 28, 29, as high as 35 [percent]. In fact, I even heard recently 42 percent."

"hey if you found out someone gave you a fake $20 would you be mad?"
 Reply w/quote - E-mail - orgNote - Report post to moderator
Reply #5 posted 05/09/20 1:59pm

cborgman

avatar

13cjk13 said:

cborgman said:

did he really?

From NPR in 2017. I had it wrong at 50%. He said 42%. He is a lunatic.

--------------------------------------------------------------------------------

Trump repeatedly claimed during the campaign that the federal government was understating the real unemployment rate.

"Don't believe these phony numbers," Trump told supporters early last year. "The number is probably 28, 29, as high as 35 [percent]. In fact, I even heard recently 42 percent."

even 42 is insane

bye felicia!
 Reply w/quote - E-mail - orgNote - Report post to moderator
Reply #6 posted 05/09/20 2:09pm

13cjk13

avatar

cborgman said:

13cjk13 said:

From NPR in 2017. I had it wrong at 50%. He said 42%. He is a lunatic.

--------------------------------------------------------------------------------

Trump repeatedly claimed during the campaign that the federal government was understating the real unemployment rate.

"Don't believe these phony numbers," Trump told supporters early last year. "The number is probably 28, 29, as high as 35 [percent]. In fact, I even heard recently 42 percent."

even 42 is insane

And the cult members believe it, I'm sure lol The orange menace went from inheriting a 42% unemployment rate and brought it down to 4% in 3 years. He's incredible. lol lol

"hey if you found out someone gave you a fake $20 would you be mad?"
 Reply w/quote - E-mail - orgNote - Report post to moderator
Reply #7 posted 05/10/20 3:08pm

DiminutiveRock
er

avatar

2elijah said:

I feel like people are going to get more desperate, angry, and rebellious as these numbers climb. Safety will be an issue.


Ugh, this is entirely possible - I hope things stay stable. But who knows? Desperate people and the irriesponsible leaders who incite them may jump back in with two feet and cause a great spike in this pandemic. neutral

Misinformation Kills
 Reply w/quote - E-mail - orgNote - Report post to moderator
Reply #8 posted 05/10/20 3:46pm

2elijah

avatar

DiminutiveRocker said:



2elijah said:


I feel like people are going to get more desperate, angry, and rebellious as these numbers climb. Safety will be an issue.


Ugh, this is entirely possible - I hope things stay stable. But who knows? Desperate people and the irriesponsible leaders who incite them may jump back in with two feet and cause a great spike in this pandemic. neutral


Agree.
popcorn
 Reply w/quote - E-mail - orgNote - Report post to moderator
Reply #9 posted 05/18/20 7:32am

DiminutiveRock
er

avatar

Ugh...

House has passed another, but Senate Republicans — and the White House — have balked at a fifth major package. "We have not yet felt the urgency of acting immediately," Senate Majority Leader Mitch McConnell, R-Ky., said last week.
Misinformation Kills
 Reply w/quote - E-mail - orgNote - Report post to moderator
Reply #10 posted 05/19/20 5:22am

poppys

2elijah said:

DiminutiveRocker said:

Ugh, this is entirely possible - I hope things stay stable. But who knows? Desperate people and the irriesponsible leaders who incite them may jump back in with two feet and cause a great spike in this pandemic. neutral


Agree.


It could die down this summer, then come back with a double whammy in the fall. All these people saying it is like the flu should watch out, because as many here have posted, the Spanish Flu killed beaucoup people.

"if you can't clap on the one, then don't clap at all"
 Reply w/quote - E-mail - orgNote - Report post to moderator
Reply   New topic   Printable     (Log in to 'subscribe' to this topic)
« Previous topic  Next topic »
Forums > Politics & Religion > unemployment now the highest it has ever been since the great depression