Overall, the economy has lost almost 6 million jobs since Trump took office, compared to an over 11 million increase in jobs during the same period in President Barack Obama’s last term.
The new data on initial jobless claims also comes as over 30 states have been approved by FEMA to givein federal employee benefits authorized by President Donald Trump. This could motivate additional workers who were laid off to file jobless claims, but only a handful of states actually have begun distributing the funds so far. Many states remain confused about the process and the need to reprogram what are often antiquated computer systems.
The pandemic-induced recession is occurring tectonic shifts in the U.S. business market and is in many ways accelerating existing trends and exposing underlying weaknesses. While in the spring there were predictions that the economic damage would be intense but brief, there are indications that, absent an effective virus response, the recovery is plateauing well-below pre-pandemic levels.
Bed, Bath and Beyond getting ready to lay off over 2000.
🤔So, you’re operating like FOX NEWS telling fabricated stories as well? My My. Here we go!
sure
No worries. The 5 companies that run the S&P FIVE HUNDRED is a very stable base for the world economy.
trump and crew might be liars
Imagine thinking the economy is strong with over 1 million people out of work
We have the worst government in history, they are all idiots
Oh only a million people more lost their jobs surely we're doin good now 🤪