The monthly employment report, to be released Thursday, is surrounded by more uncertainty than normal, after economists forecast the loss of 8 million jobs in May and the economy gained 2.5 million payrolls instead.
The strength or weakness of the employment report will also be important to the debate in Congress later this month about expanded benefits for unemployed workers. Those special benefits expire at the end of the month, and they have been providing the unemployed with an additional $600 a week and covering workers not normally included in state benefits.
Another 1.38 million workers are expected to have filed initial claims for state unemployment benefits last week, down from 1.48 million the week earlier. Economists emphasize the June jobs report will be backward looking, as it reflects data through mid-June and not the latter part of the month when the resurgence of the virus led to some shutdowns of activity and delayed reopenings in several states.
We no longer need to tax individuals ...we can tax stock trading consumer sales wealth centers to pay for govt large peojects income for redundant workers
How long will this next wave last? 😏 18 months? No travel to Europe indefinitely? 😢🤯 The V shaped recovery is fake news.
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Source: BusinessInsider - 🏆 729. / 51 Read more »
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NHL Says 26 Players Have Tested Positive For COVID-19 Since June 8The NHL is releasing its COVID-19 numbers ... with the league reporting 26 out of roughly 250 players have tested positive for the virus since June 8. I didn’t even know there were more than a dozen NHL players, period Perfect. No hockey players are American. How many have tested positive for co*aine?
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China says its factory activity expanded in JuneChina on Tuesday said manufacturing activity expanded in June with the official Purchasing Manager's Index coming in at 50.9. Lies.. Sure Yeah right
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