Let Them Eat COVID, Or These Fabulous New Job Numbers!

[Hermit-The-Prog]

https://www.wonkette.com/let-them-eat-covid-or-these-fabulous-new-job-numbers
by Liz Dye
December 04, 2020

So much for that V-shaped recovery. The November jobs report is out this morning, and it's not great! Economists were looking for 445,000 new jobs, and they got 245,000. That's compared to a gain of 610,000 jobs in October. Hey, remember when Kush 'n' Munch promised us a soaring year-end recovery thanks to the Dear Leader's wise stewardship? Yeah, not so much.

As the next wave of coronavirus crashes over us and Mitch McConnell's end of unemployment benefits time bomb detonates under nine million Americans, it's clear we're in for a rough winter.

Theoretically, unemployment declined from 6.9 percent in October to 6.7 percent last month. But the reality is that 400,000 people dropped out of the labor force permanently, disguising what's probably a net loss of actual jobs. Anyway, the month-on-month data is just a metric to tell us how much progress we've made digging out of the covid hole. The more meaningful comparison — the one that tells us how much shoveling we'll have to do to get back to "normal" — is where we are now compared to where we were in February when the virus hit.

In February, the unemployment rate was at 3.5 percent, and there were 152 million people working. Now it's 6.7 percent, and there are 142 million people working. That's 10 million more unemployed Americans before the next wave of covid-related closures decimates the hospitality industry.

No doubt Mitch McConnell appreciates the Bureau of Labor Statistics' commitment to producing charts so boring they'll make your eyes bleed. He's hoping you'll fall asleep before you work out that he and the rest of those evil fuckers have been dicking around for four months, pretending that the House plan for a massive stimulus bill was just Democrats being Democrats. Look at Crazy Nancy with her wacko demands for a $3 trillion package. LOL!

[ . . . ]

[ChoppinBroccoli]

1. That V-Shaped Recovery Is Looking More Like An L

Which I guess is pretty on-brand for #OneTermDonnie, considering all the Ls he's been taking lately.

[Hermit-The-Prog]

2. It didn't have to be this way. We didn't have to have all the pain and suffering and death.