Forget about a new stimulus bill before the election.
Pua is for self-employed... Less activity on this thread since the Trumpers cannot argue with facts like unemployment filings :). Trump made two politically bad moves today, both related to Covid. Trump made two politically bad moves today, both related to Covid. The head of the state Department of Workforce Development has resigned after months of delayed unemployment payments to Wisconsin residents, the governor’s office announced Friday. The US Department of Labor reports seasonally-adjusted initial claims fell to 1,186,000 for the week ending August 1. Trump again blames China for unleashing Covid on the world. Millions of Workers Suffering From Repeat Layoffs. That is not my prediction, it is just a "what if the unemployment rate matches the claims" statement. Trump said no. Copyright 2020 WABI.
This Saturday will be the second week of a missing $600 check. It is that week's survey that determines the unemployment rate. The CARES Actpassed in March gave out-of …
And it’s resulting in a lot of unemployment in a very sick economy. Let's fact check claims Trump made on September 21 at a Toledo, Ohio rally. However, there is no merit in breaking the constitution to do so. They're not marching them. Unemployment (real number)will never drop below 40-50% just like GDP (real number)will never be positive again (ever)at least not in my lifetime.Sure big govt will cook the books and put up fake bs data the way they have since 09,but it only makes the politicians feel good,while the economy continues it's slow but steady rot! About 900 weekly certifications were filed for the state Extended Benefits program. As a bonus I have 26 direct quotes to ponder. ODJFS has … So the contractor keeps rebuilding. State reopenings helped boost employment this summer, and gains continued in August, but … Continued claims lag initial claims by a week.
They're putting them in trucks.".
Are you and your family prepared for a fire? Former Fed Chair Ben Bernanke chimes in today with more of his typical silliness. The eleven-week running total of initial claims is 42.647 million. Also unemployment isn't going to spike until September when furlough'ed employees (who are still getting paid) are going to finally be laid off. "After turning lower last week, continued unemployment claims took a turn for the worse again this week.". However, according to usual practice, the data from the household survey are accepted as recorded.
To maintain "data integrity" the BLS reported a number known to be bogus.
His proposal would still allow those claiming CARES Act unemployment benefits to continue doing so through July 31, 2020, but it would also … The US Department of Labor reports seasonally-adjusted initial claims fell to 1,186,000 for the week ending August 1. If he had just focused on controlling the pandemic, like so many other countries, he wouldn’t have to run up the deficit and prop up the economy to this extent. However, some of those workers have been called back as states have opened.
Secretary Caleb Frostman resigned Friday at the request of Gov. John Lorenz is the owner of Sweet Relief in Northport. Bean said it has notified all of its workers of the positive cases and the building continues to be rigorously cleaned. Last week, 328,515 continued unemployment claims were filed in the state, a drop of 15,984 from the previous week, according to state records. How could you get a good number in this environment?
”Oh, the fire will disappear eventually.”, The contractor says ”Well, it just seems like you are spending a lot of money, unnecessarily.”, The homeowner says, ”If you don’t want the job, I will just do it myself.”. There is merit in debating those ideas.
Thus today's numbers will not impact the May jobs report out tomorrow. The contractor keeps rebuilding.
More than 8,000 certifications were filed for the federal Pandemic Emergency Unemployment Compensation program. Over 30 million people are on pandemic assistance. That's how literally fucking stupid this tear gas "debate" is. In the case of landlords, how are they to pay property tax / insurance /maintenance / mortgage??
Let's investigate claims as to why the market does this or that.
The unemployment rate fell to 8.4% in August from 10.2% in July and a peak of near 15% in April, when the pandemic triggered widespread business closures. The following PUA and Totals are NOT Seasonally-Adjusted. Former Fed Chair Ben Bernanke chimes in today with more of his typical silliness.
There is still more to this BLS fiddling saga. However, continued claims (those considered unemployed at the state level) are 16,107,000. Also some people submitted claims and were not really eligible. This is for companies that took PPP money. This I don't understand. Meanwhile, the clock is ticking. The market will crater this summer because earnings season is coming and companies will be forced to restate their projections for Q3 and Q4. We find out tomorrow. All rights reserved. That’s down nearly 3,000 from the previous week. 6.4 Million Discrepancy Between Employment and Unemployment. I have a lot of powers with respect to executive orders," said Trump despite the fact he has no constitutional basis to do so.
Payments will be deferred for the first six months. Unemployment will remain high.
The reference week for the BLS Household Survey unemployment report is the week that contains the 12th of the month. In addition, nearly 18,000 weekly certifications were filed under PUA. Click on the preceding link for details about Seasonal Adjustments and an unusual statement regarding their Birth-Death model adjustments. Continued Unemployment Claims Staying Eligible for Benefits Unemployment benefits filing is an ongoing and often confusing process. Initial and continuing claims are going to remain somewhat elevated because larger companies have announced they will be downsizing over the next 2-5 months. AUGUSTA, Maine (WABI) - The number of Mainers with continued unemployment claims is continuing to drop. As noted on May 9, there was a 6.4 Million Discrepancy Between Employment and Unemployment. Clock Ran Out on $600 in Weekly Unemployment Benefits, "So Far Apart on Covid Deal That We Don't Really Care", Trump Weighs Imposing His Stimulus Plan, Constitution be Damned. More than 27,000 weekly certifications, or continued claims, were filed last week for state unemployment.
Give them $thousands / month ... and free shelter?
L.L. CO: "The market will crater this summer...", "Hey, did you hear they're rounding up American citizens of Japanese descent and marching them to concentration camps?
All the while the house keeps burning.
but but but ... that sorta puts a dent in the bulltards V nirvana ... Congress just passed a patch to PPP ... stretching the 8 weeks into 24 and lowering % toward payroll to 60%. Trump again blames China for unleashing Covid on the world. It's National Fire Prevention Week - a time to teach young people the basics about what to do should in a fire. Let's fact check claims Trump made on September 21 at a Toledo, Ohio rally. I have some questions for Donald Trump and his supporters. Finally the contractor says to the homeowner; ”Don’t you think you should put out that fire?”, The homeowner says. An additional 15,201,678 people do not qualify for state unemployment insurance but have been collecting $600 weekly assistance checks. He doesn’t call the fire department to come put out the flames. VP Pence did the same.
Note: My Initial Claims and Continued Claims charts are Seasonally-Adjusted. The Commission on Presidential Debates announced that the next debate would take place virtually. For the May Jobs Report coming out Friday, June 5, the reference week was May 10 through May 16.
To maintain data integrity, no ad hoc actions are taken to reclassify survey responses. Shouldn't that mean they'll have funds to pay rent / mortgage?
It’s like a homeowner, whose house is on fire. The Commission on Presidential Debates announced that the next debate would take place virtually. People can find a job and drop off the unemployment rolls. My unemployment rate guess: 18.5%. Last week, the Maine Department of Labor recorded 1,200 individuals filing for state aid and 1,400 for federal Pandemic Unemployment Assistance. Dow 20 million coming. On July 29, Trump announced "So Far Apart on Covid Deal That We Don't Really Care", On August 5, I commented Trump Weighs Imposing His Stimulus Plan, Constitution be Damned.
VP Pence did the same. At all.
On July 25 the Clock Ran Out on $600 in Weekly Unemployment Benefits as Republicans and Democrats bickered over the next round of stimulus. That’s down nearly 3,000 from the previous week. As a bonus I have 26 direct quotes to ponder. More than 27,000 weekly certifications, or continued claims, were filed last week for state unemployment. The consensus estimate tomorrow is for an unemployment rate of 19.8%. Judging from continued claims, the unemployment rate would be 14.7% as I calculated a week ago. IF claims continue to be stubbornly high going forward ?? If the number is that high, the BLS will have done a far better job eliciting responses than it did last month. Trump’s response to the pandemic is hard to understand. Continuing claims, at 21.487 million, paint a better picture at this point as to what is happening.
Trump said no. Most state governments do a better job than they did a few years ago clarifying the claims process. Landlords / lenders get nothing?
Initial claims remain stubbornly high but did fall under the 2 million mark for the first time in 11 weeks. Add PUA and you get 31 mln. An unknown number of those 15+ million are working part-time. Barring revisions, all continued claims will drop next month. "The US Department of Labor reports seasonally-adjusted initial claims fell to 1,186,000 for the week ending August 1. If tactics and semantics are what bother you, your swastika armband is on too tight. Looks like many millions of people also haven't received a single unemployment check yet.
Also note that Millions of Workers Suffering From Repeat Layoffs. Thousands of companies file trade lawsuits against the US over Trump's tariffs. People can expire their benefits and drop off the rolls. ", "Aw, c'mon, you're full of it. That is part of the story and here is the other big news on the employment picture out today: Basically one new job added for every 100 people (at least) unemployed, so at this rate it will only take about 8 years to get back where we were in February.
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