Fmr. CBO Director and President of the American Action Forum Douglas Holtz-Eakin discusses the recent jobs report. Aired on 6/5/2020.
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Fmr. CBO Director: 'Good Jobs Report' Doesn't Change 'Racial Issues' At Hand | MTP Daily | MSNBC
So, only another 30ish million jobs to get to the “normal”
538 did a GREAT article on the economy and the jobs report.
https://fivethirtyeight.com/features/mays-jobs-report-brought-good-news-but-not-for-everyone/
The summary paragraph:
“And while there are signs of a recovery in the data, there is also plenty of evidence that the rebound did not reach all corners of the economy, particularly the most vulnerable ones. For now, the best grade anyone can give the job market is an incomplete — with even more emphasis placed on the next jobs report, which will speak volumes about how to interpret this one.”
Remember when having 10% unemployment during the Great Recession was a catastrophe?
Memento Mori Spoken like a true Realist! ❤️😷
@Karen Byrd What do you expect from 3 months of stay at home orders? No one was allowed to work, how is that Trumps fault?
“Good Jobs Report?” 2.5 M jobs, 42.6 M Americans file for unemployment. 2.5/42.6=0.058685, 5.8% of unemployed went back to work. Spread across America, is this really something to crow about?
It’s a good sign, and moving in the right direction, unless of course you’re a democrat. This means Creepy Joe Biden is going to be demolished this November.
My post was sarcasm. And you ruined it with efin politics, TU.
@ckaz007 Joe Biden stuttered his entire life,when he repeats a phrase or pauses and sometimes looks away he is recovering his basic speech rhythm…tell me what is bunker boys excuse for being so stupid….
538 did a GREAT article on the economy and the jobs report.
https://fivethirtyeight.com/features/mays-jobs-report-brought-good-news-but-not-for-everyone/
The summary paragraph:
“And while there are signs of a recovery in the data, there is also plenty of evidence that the rebound did not reach all corners of the economy, particularly the most vulnerable ones. For now, the best grade anyone can give the job market is an incomplete — with even more emphasis placed on the next jobs report, which will speak volumes about how to interpret this one.”
Idk ask my stock portfolio
Trump = obfuscation.
Do these new jobs numbers include all the new jobs left behind by the 110,000 Americans we’ve lost since t’rump failed on the federal response? 🤔
F
George Floyd’s murderer is only seen as a murderer because a video exists of his crime. How many other “George Floyds” are there who were never videoed?
a bunch
Lots
👄Too many!!
Good jobs report?!?! Folks aren’t working?!?! They’re protesting!!!
Mnuchn cooked the books for trump – the jobs data is BOGUS
Nah…however, 1) the data is finalized 2 months later, 2) the estimate maybe faulty because of so many economic elements in play. Besides, even if true, it’s not that great of a news, as we are still 13+% unemployment.
https://www.nytimes.com/2020/06/05/business/jobs-report-stock-market-coronavirus.html
timber_beast You are correct sir!
2.5 million new jobs. No! 2.5 million ppl going back to work.
exactly
Right
Hey lets be youtube buddies vD4E
How are there all these new jobs yet so many claiming unemployment. Makes no sence to me? Keep it together
Its not new jobs, its people returning to their old jobs. Trump wants the country to open up, so people get back to work. Democrats want everyone to stay home.
Who trusts numbers touted by this administration? It’s all further attempts for reelection efforts.
Hahaha denial much ?
i would love to know where all these new jobs are ???? i don’t see a ton of job listings and i’ve been looking since before the pandemic ….. all these people out of work and the job rate is up ???? i call bs
If Covid19 gets worse with a 2nd wave, get ready for another lockdown.
Bunker Boy wants his economy back so he can get re elected.
That is obviously all that Donald Clump cares about! What a selfish, fool.
Why can’t we go back to work, and vote tRump out at the same time!
@Me Sim you complain about the unemployment rate but dont want the economy to come back. Make up your mind.
@Shawna Weesner can do both for sure. I was ref Biff prattling on about economy bundled up w his comments on Geroge Floyd etc.
How can you dominate a situation or anything from a Bunker & if you are a Bunker Baby like Donald tRump. There are Bunker Busting Bombs that can flush you out!
Thank you! I said the same thing this morning! Money money money money. What about internally healing so people are happy to get on with other things!
Tim Kimble Mental health becomes a luxury when food and shelter and jobs are gone. I can tell you are blessed, because only someone who has never experienced a lack of necessities can be worried about our happiness during a time like this.
Bunker boy has to be removed
A Whole Lotta Book Cooking going on with that Jobs report!
What “good jobs report..?” We have lost ten times as many jobs as we’ve gained.
Tessmage Tessera We haven’t gained any jobs either; people went back to the same jobs that had to close during lockdown.
Look, it is easy to figure out some of these new hires. More IT professionals. What have we used more of than ever before during the pandemic: the internet. IT professionals never seem to get included as essential workers.