HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » September jobs report: US... » Reply #14

Response to BumRushDaShow (Original post)

Fri Oct 2, 2020, 11:38 AM

14. This month's cherrypicked data from the Council of Economic Advisers:

ECONOMY & JOBS

September Jobs Report Shows American Grit
October 2, 2020 3 minute read

{snip}

The recovery has been historically unprecedented. Over the past five months, the unemployment rate has fallen by 6.8 percentage points. The last time the unemployment rate fell this much following its peak occurred between 1982 and 1999 following the global oil crisis, requiring almost 18 years, five presidential terms, and three administrations. The recovery the United States is witnessing now is almost 41 times faster than that. In fact, just a few months ago, every forecaster expected that 2020 would end with an unemployment rate far above 7.9 percent. The Congressional Budget Office (CBO) projected in July that the unemployment rate in December would be 10.5 percent, while the Blue Chip consensus and the Federal Open Markets Committee (FOMC) of the Federal Reserve projected a rate of 9.3 percent. Time after time, the economy under President Trump pushes Americans to achieve the impossible.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 32 replies Author Time Post
BumRushDaShow Oct 2020 OP
mahatmakanejeeves Oct 2020 #1
BumRushDaShow Oct 2020 #4
machI Oct 2020 #2
moose65 Oct 2020 #3
progree Oct 2020 #9
Igel Oct 2020 #19
mahatmakanejeeves Oct 2020 #5
progree Oct 2020 #6
BumRushDaShow Oct 2020 #7
progree Oct 2020 #11
BumRushDaShow Oct 2020 #12
mahatmakanejeeves Oct 2020 #8
mahatmakanejeeves Oct 2020 #10
progree Oct 2020 #13
LineReply This month's cherrypicked data from the Council of Economic Advisers:
mahatmakanejeeves Oct 2020 #14
progree Oct 2020 #15
progree Oct 2020 #16
progree Oct 2020 #17
progree Oct 2020 #18
progree Oct 2020 #20
BumRushDaShow Oct 2020 #21
progree Oct 2020 #22
Demsrule86 Oct 2020 #23
BumRushDaShow Oct 2020 #24
progree Oct 2020 #25
BumRushDaShow Oct 2020 #26
ProfessorGAC Oct 2020 #27
progree Oct 2020 #28
ProfessorGAC Oct 2020 #29
progree Oct 2020 #30
DrToast Oct 2020 #31
ProfessorGAC Oct 2020 #32
Please login to view edit histories.