US added 1.8 million jobs in July, unemployment down to 10.2%

[F-22Raptor]

1.8 million jobs added, unemployment down to 10.2%

https://www.bls.gov/news.release/empsit.nr0.htm

 

[Yongpeng Sun-Tastaufen]

1.8 million jobs added, unemployment down to 10.2%

https://www.bls.gov/news.release/empsit.nr0.htm

Still somewhat high. They never should have shut down economy in the first place.

 

[JustAnotherPerson]

Still somewhat high. They never should have shut down economy in the first place.

Was inevitable or the hospitals would have been overrun.

 

[Hamartia Antidote]

Still somewhat high. They never should have shut down economy in the first place.

A Trump fan eh? That would have made things worse.

 

[JustAnotherPerson]

They should have done one big shutdown and take the loses. By then their testing capabilities would have big enough to keep the virus in check.

 

[Hamartia Antidote]

Was inevitable or the hospitals would have been overrun.

According to PDF there's been 10's of thousands of people on ventilators in hospital ICU's since 2018...except nobody noticed because they thought they were all simple flu cases.

Those news conferences by Governor Cuomo talking about shortages was all a smokescreen as the hospitals were full at least a year ago.

 

[PakFactor]

1.2M new people filed of unemployment Insurance.

https://www.google.com/amp/s/www.nbcnews.com/news/amp/ncna1235990

 

[Hamartia Antidote]

 

[Bengal71]

A Trump fan eh? That would have made things worse.

I was in favor of the lockdown but now getting doubts. Probably should have gone for herd immunity.

 

[Iltutmish]

The Anglosphere will be just fine. The media and lockdown fanatics are all doom and gloom and don’t understand that a functioning economy is the most important asset in order to provide medical services. These leftists idiots are going to destroy the best economies in the world with this BS.

India and Pakistan for example are doing just fine. We have a young population and people are used to bad hygiene in their environment. The average age of a corona death is 80 years here in Germany! Folks come on!

And yes, corona is over, the death toll is not as bad as predicted in March and everything is about to recover.

Thank god Pakistan didn’t destroy its weak economy any further with senseless lockdowns.

The west wants the world to do the same as they do because they have an old population, this also the reason why everybody is talking about corona and not the other deadly things out there in this world.

 

[American Pakistani]

The govt should stop providing free lunches to these lazy fkrs. Give them return to work bonus, and incentives to those who are working out opening businesses.

It is a dumbest decision to give $600/week to those lazy who are just sitting and collecting. If you are giving them $2400 on top of their regular 2000$ unemployment check, plus giving them free food stamps and free housing by blanket moratorium, why the hell would they return to work.

Many ppl making more than 4k/month from unemployment, they don't pay rent due to dumb moratorium and they get free food stamp. Nobody is fool to work after this.

 

[F-22Raptor]

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Current GDP forcecasts for Q3 have the US growing 15-20%. Of course, this could change, but I expect a big rebound this quarter.

And hopefully unemployment will continue to drop.

 

[casual]

get ready for inflation once the economy does rebound