HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » September jobs report: US... » Reply #16

Response to BumRushDaShow (Original post)

Fri Oct 2, 2020, 01:41 PM

16. Number of permanent job losers jumped by 345,000 to 3.8 M which is up 2.5 M since Feb

https://finance.yahoo.com/news/white-house-donald-trump-response-jobs-report-180146308.html
The economy added 661,000 jobs but the labor market is down over 10 million jobs since before the coronavirus took hold.

A more worrying number was that many jobs appear to be gone permanently. The number of permanent job losers jumped by 345,000 to 3.8 million, an increase of 2.5 million since February.

...The unemployment rate – which dropped to 7.9% from 8.4% largely due to 700,000 workers leaving the labor force – was another aspect of the report LaVorgna highlighted.

... Larry Kudlow, the director of the NEC, made a more direct call on Friday. He said relief is currently “zero” and called for at least some stimulus. “Let’s find the key points and pass it,” he told reporters, noting that airlines in particular need help.


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
mahatmakanejeeves Oct 2020 #14
progree Oct 2020 #15
LineReply Number of permanent job losers jumped by 345,000 to 3.8 M which is up 2.5 M since Feb
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.