U.S. weekly jobless claims surge to record 3.28 million

Discussion in 'Current Events' started by Same Issues, Mar 26, 2020.

  1. rahl

    rahl Banned

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    neither are true. Every economic metric has remained on the exact same unchanging trend line since 2010. Nothing has changed under trump, other than another recession is taking place. And no, I'm not blaming him for that.
     
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  2. nopartisanbull

    nopartisanbull Well-Known Member

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    March 2020 official unemployment rate may confuse many, main reason;

    Excluding claimants and recipients, 3 million lookers, considered unemployed, will join the "Not in labor force". Therefore, March unemployed will largely equate to claimants + recipients.

    February unemployed;

    a. 280,000 claimants
    +

    b. 2.47 million recipients
    +
    c. 3 million lookers
     
  3. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    We have to pass it so we can fund out what's in it!!!
     
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  4. Robert E Allen

    Robert E Allen Banned

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    Feels good to be essential.. at least for now.

    Thoughts and prayers for those out of work for this crap.
     
  5. Zorro

    Zorro Well-Known Member

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    A clever play on words, my hat is off to you sir!
     
  6. Jiminy

    Jiminy Well-Known Member

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    There goes Corrupt Donnie's 1% "contribution" to the unemployment rate.
    U.S. Unemployment Claims Soar To Record 3.3 Million As Layoffs Jump

    Looks like we gonna need another Democratic president and senate to clean-up another Republican recession.
     
  7. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

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    That's to be expected right now...

    We had a guy quit at the end of January to go back to college. We just got a letter saying he's filing for unemployment from us. I wonder how many idiots like him are out there.
     
  8. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

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    Tell me what you think will happen if democrats win in November and start taxing the hell out of us then.
     
  9. Egoboy

    Egoboy Well-Known Member Donor

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    Totally true, and that's why I called it decent news, not good news..

    However, I believe things are generally better for all Americans when the market is going up, not crashing down...

    I'm in my mid 50's and I can still remember when my mom sat me down when I was 22 and working my first job and she told me to open a brokerage account and purchase some very safe stocks (Home Depot was my very first purchase on her recommendation). She said people will always need to buy stuff for their houses, and I've always had HD in my portfolio...

    I know it's hard for many to get into the market, but it's still one of the best ways to try and increase your net worth. I personally got 2 people in the market just the last couple of years of my last job... 2 women in their mid 30's, each making 6 figures a year and didn't have 1 penny invested...

    They're probably yelling at me now...
     
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  10. GrayMan

    GrayMan Well-Known Member

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    Even people who make enough to save. Corporations as well. It's the way we roll.
    Gosh I hate it
     
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  11. GrayMan

    GrayMan Well-Known Member

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    Lots of stimulus! Next one will be 20 trillion
     
    Last edited: Mar 26, 2020
  12. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Sounds good.

    Just give ME a Billion Dollars, and I won't complain ever again.
     
  13. GrayMan

    GrayMan Well-Known Member

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    Wow, you must have read "The Art of the Deal"! You almost got me!
     
  14. Bluesguy

    Bluesguy Well-Known Member Donor

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    I know several bartenders and restaurant workers. One of the bartenders also does yards and I'm hiring him next week to help him out.
     
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  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    Yea you ever read any of them?
     
  16. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

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    That same recession that started when democrats took control of Congress and shot down everything Bush tried to do to keep us afloat? Same tactic they're trying now. Looks like America learned its lesson from that.
     
  17. Bluesguy

    Bluesguy Well-Known Member Donor

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    We certainly hope so don't you? And certainly prepared it may not be.
     
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  18. Bluesguy

    Bluesguy Well-Known Member Donor

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    It does for their retirement accounts which should be part of that paycheck to paycheck and perhaps they should review where they are spending their money.
     
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  19. Bluesguy

    Bluesguy Well-Known Member Donor

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    It is pointless to try and have a discussion with you as you will merely claim you have already refuted anything posted, as you demonstrated here, and refuse to answer direct questions to you as you recently did again. Your history of obfuscation well documented.

    And of course your claims of white flags, no white flag offered. So don't fallaciously claim one as that seems to be your only goal on this board.
     
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  20. Bluesguy

    Bluesguy Well-Known Member Donor

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    We may get out of bear terrority and stay there if Pelosi doesn't blow with her obstrution and blackmailing.
     
  21. nopartisanbull

    nopartisanbull Well-Known Member

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    During an economic downturn, the number of unemployed are predominantly claimants + recipients, whereas in good economic times, predominantly LOOKERS.

    MARCH 2020 unemployment rate, establishment survey, ballpark figures;

    Employed; Current 158.7 million - 5 million = 153.7 million
    Unemployed; 2.5 million recipients + 5 million claimants + 1 looking
    Civilian Labor Force; 153.7 million + 2.5 million + 5 million +1= 161.2 million
    7.5 million/161.2 million X 100 = 4.65%

    APRIL

    12.5 million/156.2 million X 100 = 8%

    Note: Oct 2009, 15.5 million were unemployed

    MAY

    15.5 million/153.2 million X 100 = 10.1%

    NOTE: During bad economic times, the unemployment rate is highly relevant due to the fact, the unemployed are predominantly claimants and recipients.
     
  22. struth

    struth Well-Known Member

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    I would think we would all hope so. Those of us that care about America, and working people
     
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  23. nopartisanbull

    nopartisanbull Well-Known Member

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    struth, in this forum, both Repubs and Dems will soon flatten the partisan curve....during a period when both camps are biting their nails, such as; 9/11.
     
    Last edited: Mar 26, 2020
  24. nopartisanbull

    nopartisanbull Well-Known Member

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    I have yet read my last 3 statements, however, if my low risk asset allocation ends up earning a 1% annual return over five years, I'm happy, main reason; 100% match, thus, free money.
     
  25. bx4

    bx4 Well-Known Member

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    Total BS.
     

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