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Topic Title: June job report
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Created On: 07/02/2020 05:58 AM
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 07/02/2020 05:58 AM
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crankit

Posts: 17491
Joined Forum: 07/30/2003

4.8 million jobs--Way to go Trump policies! (in spite of the libtard resistance)

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Romans 8;18-32 John 3;16-18
 07/02/2020 06:05 AM
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tpapablo

Posts: 44007
Joined Forum: 07/25/2003

Not bad. Better still, this will depress the progs. Progs hate good news for America.

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I :heart; Q
 07/02/2020 06:14 AM
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RustyTruck

Posts: 33375
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Where's that put us, about 11% unemployment with the re-opening mostly stalling?

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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 07/02/2020 06:31 AM
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Greensleeves

Posts: 20478
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spankit and tspank like a scene outta deliverance!

twitler is involved with managing the Government how? He can barely dress himself.

the jury is in with the verdict: Commie luvin $hit for brains.
 07/02/2020 06:38 AM
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tpapablo

Posts: 44007
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Originally posted by: RustyTruck Where's that put us, about 11% unemployment with the re-opening mostly stalling?
Down by 2%, which is damn good. Re-opening isn't stalling. If progs could summon the courage to leave their abodes, they would know this.

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I :heart; Q
 07/02/2020 06:41 AM
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RustyTruck

Posts: 33375
Joined Forum: 08/02/2004



-------------------------
Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 07/02/2020 06:44 AM
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RustyTruck

Posts: 33375
Joined Forum: 08/02/2004



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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 07/02/2020 07:22 AM
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wtf

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Only 15 million more to go. Meanwhile the Fed continues to prop things up, not like dotards understand things like that though.

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QOP = Terrorists
FK = Gay
 07/02/2020 07:25 AM
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tpapablo

Posts: 44007
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At 5 million new jobs a month, we will be back where we were by October. Just in time for the election. The corona scare will be just one more of the failed prog attempts to sink Trump.

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I :heart; Q
 07/02/2020 07:43 AM
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fishkller

Posts: 20729
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Tpapski inventing his own reality as usual.

Same ol' Tall Tales Tpap


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When America was "great"
 07/02/2020 08:07 AM
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HAPDigital

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Queue reality.....

 07/02/2020 08:26 AM
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tpapablo

Posts: 44007
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Sharpest drop in unemployment in history. That compares favorably to the sharpest rise in history if Biden get's elected. Already promising the largest tax hike in the history of mankind. Add to that doing away with oil, insurance, minority, women and military workers. Of course, lawyers will do well. Lawyers make bank under dems. If he wins, I might delay my retirement to cash in. That'll be a tough call though.

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I :heart; Q
 07/02/2020 11:26 AM
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Greensleeves

Posts: 20478
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jeez tspank is a freaking idiot. The market has already been pricing in the Biden Presidency that is why it is recovering.

Edited: 07/02/2020 at 11:28 AM by Greensleeves
 07/02/2020 11:38 AM
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dingpatch

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Ummmmmmmm, , , , , , but, what will the "July" numbers look like once all of the recent lay-offs are accounted for?

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Dora Hates You
 07/02/2020 12:19 PM
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Fish Killer

Posts: 71439
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Originally posted by: Greensleeves

jeez tspank is a freaking idiot. The market has already been pricing in the Biden Presidency that is why it is recovering.


Wow are you full of shit!

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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.
 07/03/2020 03:30 PM
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Cole

Posts: 68387
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Originally posted by: tpapablo

Sharpest drop in unemployment in history. That compares favorably to the sharpest rise in history if Biden get's elected. Already promising the largest tax hike in the history of mankind. Add to that doing away with oil, insurance, minority, women and military workers. Of course, lawyers will do well. Lawyers make bank under dems. If he wins, I might delay my retirement to cash in. That'll be a tough call though.


Still more people out of work than in the Great Depression.

..and we are getting ready to go in reverse.



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I was right.
 07/03/2020 03:56 PM
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HAPDigital

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It's about to get really really really really bad once fall rolls around.
 07/03/2020 05:02 PM
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Cole

Posts: 68387
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Originally posted by: HAPDigital

It's about to get really really really really bad once fall rolls around.



Especially in Republican led states. Florida will do absolutely nothing. Not a single fucking thing.


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I was right.
 07/05/2020 06:10 AM
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dingpatch

Posts: 19064
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OK, so I was able to find more pertinent facts about this charade, , , , , the "June Jobs Report" was based on jobs survey data that concluded on LUNE 12th, not the actual end of June as most people assume, , , ,!!!

READ ON for clarification, , , ,:

https://www.yahoo.com/finance/...ory-lap-193427010.html

This week in Trumponomics: A premature victory lap
Rick Newman Senior Columnist
Yahoo FinanceJuly 2, 2020, 3:34 PM EDT


The latest batch of monthly job numbers is a mirage showing what a robust economic recovery might look like in a nation winning the war against the coronavirus. Alas, that is not the United States.

Employers added 4.8 million jobs in June, on top of 2.7 million in May. Those 7.5 million new jobs might sound phenomenal, but they're not. In February, there were 152.5 million workers earning a paycheck. There are now 137.8 million. We've still lost nearly 15 million jobs due to the pandemic and widespread business closures, and have repaired only about one-third of the damage to workers.

President Trump is unconcerned. "Our economy is roaring back," Trump said in a short address on July 2. "These are historic numbers in a time that a lot of people would have wilted. They would have wilted. But we didn't wilt, and our country didn't wilt."

The wilting is underway, however. The Labor Department's jobs report is based on a monthly survey, which in this case concluded on June 12. At the time, there had been a steady decline in the number of coronavirus cases detected daily in the United States. A week later, the infection count began to climb, and it has now hit the highest levels yet, with nearly 53,000 new cases reported on July 1, the highest daily tally so far. That has forced states that had let businesses reopen early, like Texas and Florida, to close businesses all over again.

If the coronavirus case count continued to go down, we might see more blowout job creation like we did in June. We're now more likely to se the opposite, however, with job losses, rather than gains, possible in July, as reopening trends go in the wrong direction. The economy tracks the virus, and the resurgence of the virus probably foretells a retrenching in the economy. For these reasons, this week's Trump-o-meter reads WEAK, the third lowest score.

There will be three more monthly job reports before the election on Nov. 3, and Trump obviously hopes he can keep celebrating "Historic Jobs Numbers!" But it's more likely job growth will go sideways or even backwards. Many of the new jobs in May were people going back to work after being temporarily furloughed, rather than companies creating new positions. Those are the easiest jobs to "create," statistically speaking. It's harder to get companies to commit to new hires and the costs those jobs entail, especially in such an uncertain environment.

Overshadowed by the jobs report: Another 1.4 million people filed for unemployment during the week, an extremely elevated level just a tick lower than the week before. So while some people are going back to work, others are newly unemployed. That also suggests trouble ahead. "With the spread of the virus accelerating again, we expect the recovery from here will be a lot bumpier and job gains far slower," forecasting firm Capital Economics wrote to clients on July 2. "With the high-frequency data suggesting that activity is beginning to stall and in some cases go into reverse, the pace of job gains will be much weaker over the coming months."

Trump continues to insist the only reason coronavirus infections are increasing is that testing is more widespread. That's part of it, but hospitalizations are also rising, which means the virus is a worsening problem and a rising threat to public health. While some people ignore the risk and try to go about life as normal, it's clear millions of others are locking themselves down and spending less. Trump wants people to go out and spend regardless of the virus, but many won't do as long as they consider it risky.

Trump suggested this week that maybe wearing a mask isn't so bad after all, because it makes him look like the Lone Ranger. But he still hasn't worn a mask in public, fueling the resistance of other virus deniers. A vigorous federal campaign to expand testing and flood hotspots with contact tracers and other resources is still the best thing Trump could do to boost the economy and help his reelection odds. But no. He told Fox Business this week that he still thinks the virus is "going to sort of just disappear." That's what he thought in February. It didn't.

Trump's rival in the presidential election, former vice president Joe Biden, now leads Trump by double-digits in national polling, which is a direct reflection of Trump's passivity on the virus and the resulting struggles in the economy. Biden, so far, is running a low-wattage campaign focused on everything Trump does, normally a winning strategy when an opponent is stumbling. "There's no victory to be celebrated," Biden said during an online rebuttal to Trump's chest-thumping on the jobs report. "Trump wants to declare the health crisis over and unemployment solved. He's deadly wrong." For now, Biden's right, and many voters see it all around them. If Trump keeps declaring premature victory, it will mean defeat in November.

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Dora Hates You
 07/05/2020 09:32 AM
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fishkller

Posts: 20729
Joined Forum: 11/13/2016



and you're suprised that Trump is touting fudged numbers?

Give it a few weeks, it will get revised and look terrible.

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When America was "great"
FORUMS : National Enquirer (FORMERLY NSR) : June job report

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