5/7 Jobs Recovery Continues to be Sluggish; Open Thread & News Round Up
https://www.wmur.com/article/jobs-unemployment-april/36363825
America’s economy added only 266,000 jobs in April at the anniversary of the worst job loss for any month on record. This was far less than forecasts of economists, who had predicted America would add 1 million jobs last month.
The unemployment rate rose to 6.1% in April, up from 6% a month earlier.
It was the slowest improvement for jobs since January. Experts predicted that the vaccine rollout and the reopening of the economy would jolt hiring. But the April jobs number show that the road to recovery from the pandemic remains bumpy.
The job market isn’t just snapping back to what it was before COVID-19. The dislocations across different industries and worker demographics has been too big to recover from while COVID-19 continues to infect tens of thousands of people every day.
Lower-income earners, women, Hispanic and Black workers bore the brunt of the pandemic layoffs and millions remain out of work. Yet some industries can’t find workers. That may seem contradictory, but the job market is changing, leaving many workers permanently out of a job.
The hospitality, leisure and travel industries are still rebuilding after shuttering completely last year. Meanwhile, factories and manufacturers have trouble finding specialized and even entry-level workers as employees worry that those jobs could be sent overseas or replaced by robots.
"The Chamber of Commerce calls for an end to $300 federal unemployment benefits after April's lackluster jobs report"
"The business lobby group argues the state is "paying people not to work,"
https://t.co/1bCFN5lLB0— Brent Cutburth (@brentcutburth) May 7, 2021
Check out the salary of the people whining about a $300/Pandemic UI.
Nice work @USChamber https://t.co/ndWEwnd1W3 pic.twitter.com/UmifCdIFVa— melissa “cancel student debt” byrne (@mcbyrne) May 7, 2021
More tweets, news, perspectives, etc in the comments. Benny’s Bar will be open later today for happy hours.
TGIF..fire away
these guys know they have the power.
note the “in bn $.”
T&R, Benny!
$15 min Wage for Federal Contractors is Great: A Union is Better
sounds like a worthwhile campaign for Bernie & co.
Of course, Joe Manchin’s daughter’s company relies on the USPS for shipment to meds via mail.
Yay. They should ALL be in there.
100 Days in Independent Agency Appointments
i wouldn’t mind, as long as he’s vetting them for truly standing for the people in every case.
Odds on that happening?
This tells me that the Establishment is ok with what’s going on all these agencies, more than anything else.
I wonder, who is advising him on these matters?
Another perspective about today’s jobs report.
Why April’s disappointing jobs report may not be so bad for Biden
“Biden’s Treasury secretary and the former Federal Reserve chair, Janet L. Yellen, said higher interest rates might be necessary to keep the economy from running too fast and stoking inflation.”
Total bull right now to keep us from looking at MMT. They all keep repeating it until the word “inflation” is almost meaningless in the economy as it has been for years.
It’s amazing how Wall Street has such a grip on DC.
it really is.
more and more people are seeing it, but you’d still be amazed at how many comments under jamie dimon’s quote did not get his power at all. or mmt, which i wish Bernie would make more of.
i know it’s verboten, but man, if there was ever a time to rip the oz curtain off, it’s now.
I like this talk of ripping the oz curtain off, there’s no time like the present!
Given that the American people want the UI benefits, the GOP has this to offer for states rights:
It will be interesting to see if the unemployment rates remain largely the same in those states.
i bet they will rise somewhat, but only bc they force us to work for peanuts.
i don’t know about your city, but more and more are homeless around here. little camps all over.
It sounds quite bad on the West Coast.
We have some homeless in our little city, but I don’t get the impression that their numbers are growing, and there certainly aren’t any camps.
But the West Coast seems to be a much different story!
DINO on collision course with Progressive Wing in the Senate over Lowering Age Requirements for Medicare
frack. here it is. “concern about deficit spending.” oh hell.
i hope Bernie and Liz go to Manchin’s state and do a tour de force on lowering the age. you know people are desperate for it, especially now.
don’t know why i get my hopes up. doubt that biden or schumer really want it.
https://twitter.com/noamchomskyT/status/1390758337575374858?s=20
What a ridiculous load of the usual BS from the COC. 💩💩 T and R, Ms. Benny, and pb4 for today’s and yesterday’s OTs. ☮️😊👏👏