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In reply to the discussion: Nonfarm payroll employment falls by 701,000 in March; unemployment rate rises to 4.4% [View all]moose65
(3,166 posts)27. Wow, that's unbelievable
Even in the depths of the Great Recession, the largest loss of jobs in one month was around 800,000 I think. This will blow that completely out of the water.
I wonder how the Republicans will try to spin this. Yes, we all realize that this is uncharted territory. However, Trump takes credit for good news that he is only peripherally involved in, so he has to take the bad, too. They'll be out there trying to explain this away, but as some famous pundit whose name I can't remember said, "If you're explaining, you're losing."
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Nonfarm payroll employment falls by 701,000 in March; unemployment rate rises to 4.4% [View all]
mahatmakanejeeves
Apr 2020
OP
BLS Information: April 3 Posting of Employment Situation for March 2020
mahatmakanejeeves
Apr 2020
#3
It's the Establishment Survey that produces the headline -701,000 non-farm payroll jobs number
progree
Apr 2020
#17
There were news reports the past couple days that noted that the surveys were halted
BumRushDaShow
Apr 2020
#18
Why do you use the word "halted"? Makes it sound like something other than their usual procedure to
progree
Apr 2020
#19
Well - since this report usually appears the first Friday of the month (in general)
BumRushDaShow
Apr 2020
#35
Here in PA, the state is going to stop paychecks for 9,000 state employees (annoucned today)
BumRushDaShow
Apr 2020
#37
Thank you, Progree. I'm surprised he didn't intervene to stop today's jobs data, frankly.
sandensea
Apr 2020
#39
Today's jobs report, in restrospect will be seen as the "good ol' days" compared to what's coming in
progree
Apr 2020
#40
Sad but true - and that's where Cheeto will feel the greatest temptation to impound those numbers
sandensea
Apr 2020
#41
The mind-numbing rant, based on a version posted on the first Friday in September 2016:
mahatmakanejeeves
Apr 2020
#42