Unemployment Expected to Reach Highest Level Since Great Depression

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Unemployment rates in the world’s advanced economies won't return to their pre-pandemic levels until 2022 at the earliest, according to the OECD

Unemployment rates in the world’s advanced economies will end the year higher than at any time since the Great Depression and not return to their pre-pandemic levels until 2022 at the earliest, the Organization for Economic and Cooperation and Development said Tuesday.

The Paris-based research institute that serves the U.S. and 36 other countries warned against the premature withdrawal of emergency measures designed to support employment, and said governments should launch new programs to encourage businesses to hire workers,...

 

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TRANSFORM UNEMPLOYMENT DURING CRISIS AS OPPORTUNITIES FOR EMPLOYMENT THROUGH SKILL DEVELOPMENT. NEED TO SHIFT FOCUS ON ESSENTIALS, NECESSITIES, CONSUMER GOODS, SERVICES FROM LAVISH, LUXURY SERVICES, CONSUMER DURABLE. NEED MARKET BASED INSTEAD OF EFFICIENCY BASED SKILL DEVELOPMENT

That’s why we need

davidfrum tell Trump

davidfrum 12 years. You can quote me.

Because of state regulation, if you leave people alone they will work

If Biden get's elected, the Black unemployment rate will go back to 15% which is the best him and Obama ever got because all they did was give away free shit.

davidfrum IF YOU WANT SPORTS..BE A SPORT WEAR A MASK

The costs of lockdowns that lockdown proponents don’t discuss or frankly care about.

Trump said, America has best employment ever. Ever,ever.

That would be exceptionally fast. Good news in general.

Does Wall street care about unemployment ? The stock market was pumped at the historical highest with AAPL and AMZN. Congratulation to those AAPL and AMZN new buyers. Buffett just sold you their position with 100% profit.

Thats cute. Apparently the OECD forgets just how long it historically takes to get down to 4% unemployment in the U.S. And we are starting from a MUCH bigger number. Try 2026.

davidfrum TrumpVirus artwork by bornmiserable

Extend Pandemic Unemployment Insurance until the end of the crisis. pui PUA

davidfrum Key takeaway: At the earliest.

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