General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPhoenix61
(17,000 posts)There needs to be a massive claw back.
NurseJackie
(42,862 posts)Does Sanders have a link?
Dem4Life1102
(3,974 posts)Celerity
(43,302 posts)George II
(67,782 posts)George II
(67,782 posts)Dem4Life1102
(3,974 posts)George II
(67,782 posts)....the second thread this afternoon in which you responded to me with your gifs, never addressing the material IN the posts.
Response to George II (Reply #11)
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George II
(67,782 posts)https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15316344
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15316367
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15315192
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15315326
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15315379
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15316071
Response to George II (Reply #13)
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George II
(67,782 posts)https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15316327
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15316344
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15316367
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15315192
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15315326
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15315379
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=15316071
Response to George II (Reply #15)
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George II
(67,782 posts)irisblue
(32,967 posts)Cha
(297,137 posts)NurseJackie
(42,862 posts)fishwax
(29,149 posts)As you post elsewhere, at peak unemployment there were about 23 million unemployment claims in a week (May 9th). But in the months leading up to that there were people who lost their jobs but were no longer claiming unemployment by May 9th. And in the weeks after that, there were new people who were still added to the unemployment rolls even as the overall number went down (because some of those 23 million were no longer claiming unemployment). So the total number of new claims for unemployment during the pandemic was much higher than 23 million.
You can run the weekly reports here: https://oui.doleta.gov/unemploy/wkclaims/report.asp
It looks to me like there were just over 70.3 million initial claims in 2020 and 4.6 million initial claims in Jan 2021, which adds up to about 75 million instead of 76 million. This article from Entrepreneur (https://www.entrepreneur.com/article/367826) claims 76 million (perhaps where Sanders got the number from?), but you can't see the parameters of their search. Perhaps they started in the last week of 2019.
George II
(67,782 posts)There is an estimate that there are roughly 120 million working people in the US, that 76 million would represent almost 2/3 of the entire workforce.
wellst0nev0ter
(7,509 posts)The numbers can be found here. Cheers!
https://oui.doleta.gov/unemploy/claims.asp
George II
(67,782 posts)LetMyPeopleVote
(145,129 posts)George II
(67,782 posts)Skittles
(153,147 posts)you know, to come up with a.....bigger number!
George II
(67,782 posts)malaise
(268,921 posts)Rec
jcgoldie
(11,631 posts)He is right on point with this tweet.
REally...from the goy at the top of the budget committee?
jcgoldie
(11,631 posts)What statistic would you use to document how mant americans their jobs?
Me.
(35,454 posts)June 2-2020
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Fridays U.S. jobs report from the Labor Department is expected to show U.S. employers shed nearly 30 million positions from payrolls this spring as a result of the coronavirus pandemic and related shutdownsbut that is just one of several varying estimates of job destruction.
Other data suggest layoffs might have topped 40 million, while another count shows only about 20 million are tapping unemployment benefits. No matter the measure, job loss triggered by the pandemic is historically high and likely to leave a lasting mark on the U.S. economy.
https://www.wsj.com/articles/how-many-u-s-workers-have-lost-jobs-during-coronavirus-pandemic-there-are-several-ways-to-count-11591176601
"During the first few months of the coronavirus pandemic, some 22 million U.S. workers lost their jobs. In response to these record-breaking numbers, many White House officials promised that a swift V-shaped recovery would occur once the pandemic was under control.
Since then, many have returned to work, but there are still 10 million fewer U.S. jobs than before the pandemic began
https://www.cnbc.com/2020/12/08/the-us-has-10-mil
Nov 30, 2020
It Could Take 4 Years To Recover The 22 Million Jobs Lost During Covid-19 Pandemic, Moodys Warns
https://www.forbes.com/sites/jonathanponciano/2020/11/30/it-could-take-4-years-to-regain-the-22-million-jobs-lost-during-covid-19-pandemic-moodys-warns/?sh=43799fa04332
Skittles
(153,147 posts)ugh
It could be any number of reasons...misled by a staff member....pulled it out of his hat...sounded good and like all politicians didn't think people would check
jcgoldie
(11,631 posts)Skittles
(153,147 posts)please DO TELL
because he references a TIME FRAME here: since the start of the pandemic
George II
(67,782 posts)63.333%. How is that possible?
jcgoldie
(11,631 posts)He obviously doesnt say anywhere that 76 million people are unemployed at any given time.
Among lower-income adults, 46% say they have had trouble paying their bills since the pandemic started and roughly one third (32%) say its been hard for them to make rent or mortgage payments. About one-in-five or fewer middle-income adults have faced these challenges, and the shares are substantially smaller for those in the upper-income tier.1 To be sure, some of these financial pain points may have existed even before the pandemic particularly for lower-income adults.
Job loss has also been more acute among certain demographic groups. Overall, 25% of U.S. adults say they or someone in their household was laid off or lost their job because of the coronavirus outbreak, with 15% saying this happened to them personally. Young adults (ages 18 to 29) and lower-income adults are among the most likely to say this has occurred in their household.
https://www.pewresearch.org/social-trends/2020/09/24/economic-fallout-from-covid-19-continues-to-hit-lower-income-americans-the-hardest/
George II
(67,782 posts)What am I missing?
jcgoldie
(11,631 posts)76 million initial unemployment claims in the past year. What statistic do you propose to measure job loss? And why would you nitpick this point? Do you disagree that billionaires have done well during the pandemic while working class Americans have taken the brunt of the damage?
George II
(67,782 posts)Not talking here about billionaires, talking about the number of Americans who have "LOST THEIR JOBS".
jcgoldie
(11,631 posts)Other than INITIAL UNEMPLOYMENT CLAIMS?
https://www.investopedia.com/terms/i/initialclaims.asp
George II
(67,782 posts)...the TOP unemployment rate was 14.7% in April 2020. Based on a workforce of 120 million people, that's 17.6 million. The 17.6 million is actually low, it was really about 23 million people. Still, that's a far cry from 76 million.
jcgoldie
(11,631 posts)Claims as many as 40 million... BY JUNE OF 2020... and yet 76 million by April of 2021 is an unrealistic number? Do you disagree with his premise that poor people bared the brunt of the pandemic and lost their jobs while billionaires got richer? Are you arguing against the messenger and not the message?
Skittles
(153,147 posts)NOPE
it was a lot of workers but NOT THAT MANY
wellst0nev0ter
(7,509 posts)look up initial unemployment claims from March 2020 to today, add them up, et voila: 76 million.
Me.
(35,454 posts)During some periods we were down 20mill and then we would gain 10 mill. In 2020 there was 331,002,651 people in the US and our job loss was not anywhere the claim and it frankly feels like alternative facts.
wellst0nev0ter
(7,509 posts)Even if it's not the net number of jobs lost
Me.
(35,454 posts)Skittles
(153,147 posts)that's almost a quarter of the population of America, including KIDS
George II
(67,782 posts)Me.
(35,454 posts)George II
(67,782 posts)If one were to consider "churn", where some who lost their jobs, were rehired, and then others lost their job, contributing to the "total" being more than 23 million, there's no way that could add up to an additional 50 million people losing their jobs.
Even during the Great Depression the unemployment rate in the US never rose above 23%. In today's numbers, 23% would be only 27 million people.
Most certainly NOT "76 million", not even in that order of magnitude.
Lancero
(3,003 posts)wellst0nev0ter
(7,509 posts)Look up initial unemployment claims from March 2020 to today, use your calculator or Excel to add them up.
jcgoldie
(11,631 posts)Compare it to the secret memo!
wellst0nev0ter
(7,509 posts)If I can do it, so can you.
jcgoldie
(11,631 posts)I'm on your side buddy.
wellst0nev0ter
(7,509 posts)my bad.
Skittles
(153,147 posts)so whatever ADDING you're doing is not correct
wellst0nev0ter
(7,509 posts)with the number of Americans who lost their jobs. Wish he was more precise.
But 76 million initial unemployment claims is accurate. You can see for yourself.
Skittles
(153,147 posts)and it sounds FOOLISH
wellst0nev0ter
(7,509 posts)Then the Dwight Schrute brigade will be satisfied.
Skittles
(153,147 posts)who doesn't do the one trick very well
wellst0nev0ter
(7,509 posts)Fine, call him out on not being precise, but this exercise is sort of like slamming Joe Biden for breaking his promise on the $2,000 checks.
Skittles
(153,147 posts)Cha
(297,137 posts)with Sanders assertion and it's called "a circular firing squad".. just because not everyone shares the opinion of his tweet.
That sounds like a diversion to me.
George II
(67,782 posts)...in April 2021, many of the people who DID lose their jobs have already gone back to those jobs.
wellst0nev0ter
(7,509 posts)If you know what he meant, then don't be sanctimonious about it.
George II
(67,782 posts)wellst0nev0ter
(7,509 posts)You know how the argument goes. Same mindset with the quibbling over unemployment claims.
George II
(67,782 posts)wellst0nev0ter
(7,509 posts)or jobless Americans, as if that's a distinction with a meaningful difference.
George II
(67,782 posts)Somewhere around 23-25 million Americans have lost their jobs. A horrible situation that has to be addressed.
George II
(67,782 posts)wellst0nev0ter
(7,509 posts)Lancero
(3,003 posts)Johnny2X2X
(19,038 posts)The billionaires wealth is tied to the price of the stock of their companies. So if their companies perform well their net worth increases, but its not like they made that much money. If I own $1 Billion of my companys stock and the stock price increases 10% tomorrow, did I make $100 Million? Well, only if I sell my stock.
Cuthbert Allgood
(4,916 posts)Because I do.
And because I'm sure you won't be able to 1. answer the question and 2. ignore the 76 million, let me just say:
1. But do you agree with the rest of the tweet about it being bad that billionaires are getting richer while the poor get poorer. It's an easy question to answer. Watch. Here's my answer: I absolutely agree that that is a horrible thing we need to address.
2. There appears to be, as explained above, 76 initial unemployment claims during the pandemic. If that isn't how we determine how many jobs were lost, then what should we use?
LanternWaste
(37,748 posts)Gaffes happen. Though he can't really point to overcoming a stutter to explain it, I still don't think Bernie's showing any signs of cognitive decline or losing his edge...
George II
(67,782 posts)....his stutter and seeming "cognitive decline"?
If you thought that was humorous, it's not.