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The release reveals healthy hiring activity taking place amid ongoing economic-reopening efforts. However, the report's data doesn't cover recent weeks in which coronavirus case counts soared across several states. The virus's resurgence has some experts fearing a second bout of economic pain. "High-frequency data suggests that the labor market strength had started to wane later in the month, perhaps as households and businesses grew increasingly cautious about the rise in infection rates," said Seema Shah, chief strategist at Principal Global Investors.
She added:"Indeed, now, with the closings having been reversed or paused across 40% of the US, July's job report may paint a much weaker story."
Isn't the correct term - some of the 30+ mln who lost their jobs have now been re-hired as places open up? They are not new jobs....and how many of the 30+ mln won't be re-hired should be the bigger worry
Foia
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A predicted surge in US job growth for June might not lastU.S. employers likely rehired several million more workers in June, thereby reducing a Depression-level unemployment rate, but the most up-to-date data suggests that a resurgent coronavirus will limit further gains. You think ? Also, the damn wiener president. And I bet you’re all thrilled.
Source: AP - 🏆 728. / 51 Read more »
A predicted surge in US job growth for June might not lastFrom AP Morning Wire: • US Sunbelt cases surge, other states back off on reopening. • Closing bars to stop virus is backed by science. • Confederate general’s statue removed in VA. • Trump, officials defend response to Russia bounty threat. SIGN UP: You missed one: Fake News media still 'all in' spreading lies to divide the country further. I guess those protest weren’t a good idea 🙄 you all trying to blame businesses who have gone out of There way to make it safe for people to visit and we are told to ignore the hundred of thousands who protested shoulder to shoulder over half with no masks. You forgot one: • Big fella rides bicycle
Source: AP - 🏆 728. / 51 Read more »
A predicted surge in US job growth for June might not lastU.S. employers likely rehired several million more workers in June, thereby reducing a Depression-level unemployment rate, but the most up-to-date data suggests that a resurgent coronavirus will limit further job gains. Why are you capitalizing B in black? That’s an optimistic headline. You could’ve gone with: “Latest Jobs Report shows slight employment gains coincided with re-openings. However 15 million still without jobs since coronavirus began. Numbers also lag behind major coronavirus resurgence that shut states down again.” Right on cue, it would seem.
Source: AP - 🏆 728. / 51 Read more »
U.S. consumer confidence for June jumps to 98.1, vs 91 expectedNot if u ask me. I call bs People are upbeat about the economy. Confidence in federalreserve ?
Source: CNBC - 🏆 12. / 72 Read more »
US consumer confidence rises to 98.1 in JuneWASHINGTON (AP) — U.S. consumer confidence rose in June, reflecting the partial re-opening of the country but the concern is that rising coronavirus cases in many states could jeopardize future... But but but But ... BUT... the liberal media tries to spin everything negative whenever they can. Covid is a scam
Source: AP - 🏆 728. / 51 Read more »
U.S. coronavirus cases double in June in at least 10 statesArizona recorded the biggest jump in cases for the month at 294%, followed by South Carolina and Arkansas. Cases also more than doubled in Alabama, Nevada, North Carolina, Oklahoma and Utah. In the six months since the World Health Organization (WHO) first reported a cluster of mysterious pneumonia It’s not funny! Dive into the stats and data on all things relative to COVID-19, including how the outbreak has spread throughout the US and metrics from asthma risk factors to national spending on healthcare services: Yahoo Wait until the kids go back to school
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