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Wed Apr 10, 2019, 11:39 AM

Trump's Economy: Job Layoffs Surge to Highest Level in A Decade ROF

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Reply Trump's Economy: Job Layoffs Surge to Highest Level in A Decade ROF (Original post)
sagesnow Apr 10 OP
efhmc Apr 10 #1
FBaggins Apr 10 #3
FBaggins Apr 10 #2
KentuckyWoman Apr 10 #4

Response to sagesnow (Original post)

Wed Apr 10, 2019, 02:36 PM

1. Is the comparison to 2009 a percentage of the population or just a straight number amount?

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Response to efhmc (Reply #1)

Wed Apr 10, 2019, 03:28 PM

3. It's a percentage increase in the periodic number

Not at all uncommon to see large swings in that figure. For instance, the most recent month is down 21% from February.

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Response to sagesnow (Original post)

Wed Apr 10, 2019, 02:43 PM

2. He's incorrect

The number that surged is the Challenger, Gray and Christmas tracking of planned layoffs above a certain size. That's certainly relevant, but not entirely persuasive because lots of things impact that figure other than a good/bad economy.

Where ROF is incorrect here is that the monthly BLS job creation figure is net of all job losses.

It's also worth pointing out that the weekly new-filing job loss number last week was the lowest in about 50 years.

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Response to sagesnow (Original post)

Wed Apr 10, 2019, 06:23 PM

4. My gauge of the local economy

has always been what the fast food joints are willing to pay to get help. Not at all scientific but so far I'm 100%.

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