Jobs Report, UE down to 11.1%, added 4.8 Million jobs

[Johnny2X2X]

https://www.bls.gov/news.release/empsit.nr0.htm

Well, there's the ammo the Cons need to end enhanced UE benefits and help for regular people. You can expect Federal money to continue to flow into the coffers of big corporations, but it's about to go bone dry for regular working people.

[bucolic_frolic]

1. still 14.7 million jobs lost since Feb

and this "recovery" is destined to stall because 14.7 million won't have paychecks, and the 4.8 million are catching up on bills, and the rational 1/2 of America is afraid to go to the store, bar, movies. And really, movies is what I'd watch, from a public event/attendance/receipts standpoint. Until movies are safe, we're not back to normal.

[OrlandoDem2]

2. I haven't eaten in a restaurant in 4 months. And, quite frankly, it's time for people to SIP again.

We need to self-quarantine in order to get a handle on the virus. 50K new cases could become 75K cases in 2 weeks, and so in, at the rate we are going.

[Johnny2X2X]

3. Yes, this will be the new normal, UE around 10%

People did go back to work, but we're going to get down to 9-10% UE and the rest of the jobs are just going to be gone. But this will fuel the Republicans and Trump to push for austerity now.

And we're down almost 15 million jobs, but Trump will brag about the 4.8 Million added in June, like it was new jobs and not just people going back to their old ones.

The economy is going to take years to recover and working people will be the ones who suffer, starting now.

[Iliyah]

4. A lot of these jobs are people returning back to work . . .

With the surge regarding COVID-19, many businesses will shut down again.

[Johnny2X2X]

5. Agree

All of the jobs are people returning to work, no one is creating new jobs right now, everything is on hold if some business had plans to expand.

[stopbush]

6. Well, the numbers certainly disprove the RW meme that people are refusing to

go back to work because they’re making more on UI.

Ideally, Congress would vote to continue the $600-a-week benefit, as it would save another 5.1-million jobs.

Most Americans have their health insurance through their jobs. When one takes that benefit into account, American workers are hardly making more on UI than they did on their job. Having health insurance is a huge motivation to get back to one’s job ASAP.

BTW - my wife works as a cosmetologist for a beauty product chain. She was paid “idle time” wages while the biz shut down as they were getting Fed $ to help keep employees. She started back To work last week, but the employees were told that the company will not be paying idle time if there’s another shutdown due to COVID. Well, Gov Newsom just reshut down indoor businesses here in CA for three weeks. It doesn’t effect hair salons yet, but she will be back on UI when and if the shutdown gets extended to hair salons.

[Demsrule86]

7. It is bullshit...no jobs here in Ohio...he end UI and the economy will collapse.

This is the only thing stopping that...and states are re-closing as well.