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4.7 million jobs added in June. A new record

Discussion in 'Current Events' started by tharock220, Jul 2, 2020.

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  1. tharock220

    tharock220 Well-Known Member

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    https://www.cnbc.com/2020/07/01/stock-market-futures-open-to-close-news.html

    We're seeing an economy that wants to come back to life. Things were good before we destroyed it when COVID hit, and there was no reason to anticipate that it would change.

    democrats realize a strong economy hurts their chances against Republicans in November and will do whatever they can to ensure it stays bottled up.
     
    tharock220, Jul 2, 2020
    #1
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  2. MrTLegal

    MrTLegal Well-Known Member

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    I got 3:1 that says the brand new all time single day records being set for confirmed case counts is going to keep the economy bottled up all by itself.

    If you want Trump to win his re-election, encourage him to actually crush the virus.
     
    MrTLegal, Jul 2, 2020
    #2
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  3. 61falcon

    61falcon Well-Known Member

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    How many of those jobs have already been lost again as businesses have had to reclose their doors, due to ever rising Covid cases???
     
    61falcon, Jul 2, 2020
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  4. gamewell45

    gamewell45 Well-Known Member Past Donor

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    Let's see how the numbers look in July.
     
    gamewell45, Jul 2, 2020
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  5. 61falcon

    61falcon Well-Known Member

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    The positive Corona tests are outpacing the job growth at this point. The administration needs to do a lot more than claim Covid is going to disappear some day!!!!
     
    61falcon, Jul 2, 2020
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  6. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    The bulk of them are in the 18 to 40 year old range and are in areas where there were thousands of mask less protesters.
     
    Professor Peabody, Jul 2, 2020
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  7. Libby

    Libby Well-Known Member

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    These have been tough times ---- first being blindsided by COVID, and then the subsequent COVID rollercoaster ---- but if anyone can rebuild our economy, Trump can.
     
    Libby, Jul 2, 2020
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  8. Pants

    Pants Well-Known Member

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    Are these newly created jobs? Ones that did not exist in March/April? Or are they people going back to their jobs? HUGE difference.
     
    Pants, Jul 2, 2020
    #8
  9. Cubed

    Cubed Well-Known Member Past Donor

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    The stock market is a terrible indicator as to the health of the economy and it's people.
     
    Cubed, Jul 2, 2020
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  10. tharock220

    tharock220 Well-Known Member

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    4.7 million jobs in June son. The US has had fewer than 3 million cases in six months.

    Do you want bad news? Does your life suck to such an extent that good economic news for millions is a reason for you to despair?
     
    tharock220, Jul 2, 2020
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  11. tharock220

    tharock220 Well-Known Member

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    That's why I referenced a jobs report. The stock market is only an indicator for the health of portfolios. So much of it is speculation.

    I purchased a company called Inovio at $6.06 a share. After the company received a $70 million grant the price per share went up over $30 despite the company producing nothing. I set a stop lose order and made about a 5X return on my investment. As Jordan Bellfort said, the only problem I had was I didn't buy more.
     
    tharock220, Jul 2, 2020
    #11
  12. 61falcon

    61falcon Well-Known Member

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    I know when I take a ride around the area I live in, there are a lot more cars still parked in driveways during the workday than there ever used to be. Some may be working from home but most are just plain and simply no longer employed. Business bankruptcies are skyrocketing and have been most of the year.
     
    61falcon, Jul 2, 2020
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  13. gamewell45

    gamewell45 Well-Known Member Past Donor

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    Who said anything about bad news?? For all we know the numbers could rise from what they are today? Stop being so paranoid.
     
    gamewell45, Jul 2, 2020
    #13
  14. James California

    James California Well-Known Member Past Donor

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    ~ I do believe about 80% of small business are reopened - Seattle not included . ✔
     
    James California, Jul 2, 2020
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  15. Cubed

    Cubed Well-Known Member Past Donor

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    Jobs are good, tho you (and most other countries) are at a deficit from the start of this.

    I think most of the country will tentatively reopen and more reports like this will occur.

    Other parts though? They are gonna be open and shutting repeatedly until they decide to actually give a crap about Covid.

    Gonna be Rocky either way
     
    Cubed, Jul 2, 2020
    #15
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  16. James California

    James California Well-Known Member Past Donor

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    ~ The Wuhan virus has been suppressed in the U.S. - but not voting . :woot:
     
    James California, Jul 2, 2020
    #16
  17. TurnerAshby

    TurnerAshby Well-Known Member

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    1. These numbers were taking mid june. Now states have paused re opening and Corona cases have risen
    2. 1.4 million people claimed unemployment benefits this week, higher than last week fyi
    3.there is still 20 million on unemployment
    4. 11 % is still crazy high

    Do the right thing amend out the frivolous things from the hereos act and pass it senate.
     
    TurnerAshby, Jul 2, 2020
    #17
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  18. TurnerAshby

    TurnerAshby Well-Known Member

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    "Business bankruptcies are skyrocketing and have been most of the year"

    This is a fact but they dont care they'd rather cherry pick data and sit on their hands than address the problem because it takes money and they want the money for their rich friends not us peons
     
    TurnerAshby, Jul 2, 2020
    #18
  19. Spim

    Spim Well-Known Member Past Donor

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    so is this Obamas economy or not.
     
    Spim, Jul 2, 2020
    #19
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  20. StarFox

    StarFox Banned

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    Bad news for democrats, but dont dismay, they will do all they can to tank it before the election. Count on it.
     
    StarFox, Jul 2, 2020
    #20
  21. Labouroflove

    Labouroflove Well-Known Member Past Donor

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    The arrogance of man. We aren't Gods MrT, nature always wins, in the end.
     
    Labouroflove, Jul 2, 2020
    #21
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  22. Thedimon

    Thedimon Well-Known Member

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    There is no difference. The less people on unemployment and the more people working is always good.
     
    Thedimon, Jul 2, 2020
    #22
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  23. Phyxius

    Phyxius Well-Known Member

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    19.3 million still on unemployment benefits - what kind of record is that?
     
    Phyxius, Jul 2, 2020
    #23
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  24. Rockin'Robin

    Rockin'Robin Banned

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    And this is what Sweet Potato Hitler caused and what his fans are proud of. Jeez!
     
    Last edited: Jul 2, 2020
    Rockin'Robin, Jul 2, 2020
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  25. Thedimon

    Thedimon Well-Known Member

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    The record is about the number of jobs added to payrolls in 1 month.
    It’s not about total number of unemployed.
     
    Thedimon, Jul 2, 2020
    #25
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