BALTIMORE (AP) — U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse with coronavirus outbreak closing the offices, factories, schools, construction sites and stores that propel the U.S. economy.
”The good news is that we’re at the apex of the job loss.”
Not bloody likely… sadly, there is way more to come
U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse
Epic it is! But I don’t get it when economists talk about a “rebound” in the 2nd half of the year - based on the country ‘reopening’. Where’s the logic in this forgone conclusion or is it just more PhD’s using magical thinking? Are they assuming the ‘reopening’ of America is going to be … no big deal?
Payroll Company ADP: More Than 20 Million Jobs Lost In April
How many of those at ADP?
They’re so damn busy they may be hiring! But yes, eventually capitalism’s raptors eat their young. Much like the spider …
Are you seeing “rebound” used to mean “full recovery”?
“Rebound”. Like when the Titanic hit the ocean floor.
“Rebound”. Like when the Titanic hit the ocean floor.
And then turned into a yellow submarine before resurfacing.
Don’t bogart that joint my friend,
Pass it over to me!
Are you seeing “rebound” used to mean “full recovery”?
Well we’re living in Trump’s World so it would have to be more than just a “full recovery.” But my consciousness hasn’t expanded past my personal viewing of reality. Trying to ‘catch up’ but always lagging, not yet ready to believe I can fly.
@john819