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Isn’t this great! Stock market record highs, while job losses also at record highs.Unemployment Skyrocketing, Massive Inflation, Higher Taxes, And Dollar Crash, The Worst Economic Collapse Just Starting The worse the economic news gets, the higher stocks are going to go. This phenomenon has been in play for years. The fantastic trend continues as the rich get richer and the poor get poorer. Retail closures are exploding. Small businesses are struggling after months of restrictions. Massive INFLATION on the way.Three Trillion deficit.Thirty-Five Trillion national debt.
Meanwhile, futures are up for the 8th day in a row. This is looking like a DOT come bubble crash ten times over. The Fed was not printing like crazy when the dot com crash hit. When this blows, the currency and markets will go together at the same time.
More unemployment means more competition for lower wages, which is not an accident but part of the agenda. Higher taxes, more government regulation, and enhanced unemployment are their perfect cocktail to cure private sector unemployment.
At the peak, the US workforce was about 155 million.
With 20 Million collecting unemployment, that would put the Unemployment Rate at near 13% or nearly double.
Oh right, half are not actively looking for a job, just collecting the money.
The official Unemployment numbers stopped being accurate when millions of people ran out of their benefits.
As Forbes points out;over 70 million have sought first time unemployment since this charade has started, and that was December 23rd, 2020. Add in 8 more weeks of 800,000, and we’re at 76 million unemployed.
Adding 30,000 jobs in New York State (in one month) does NOT equal the 1.9 million jobs already lost. At that rate, it will take over five years to regain those jobs.
So you think this is bad.Wait until Biden bans all US domestic travel and the big airline and hotel layoffs start in April. Hundreds of thousands of new jobless added to the rolls.
Wait until Joe Biden’s job-killing Executive Orders kick in, which include the stoppage of the Keystone XL Pipeline, stoppage of the border wall in South Texas, and if he gets his way, the $15/hr minimum wage will destroy entry-level jobs for millions of young people. American workers, some of which are making 6 figure salaries, will suffer under Biden; and John Kerry’s solution is to let them all make solar panels. A job building solar panels will not pay the equivalent of a construction worker on the Keystone pipeline. We already tried that solar panel thing under Obama; remember the Solyndra scandal. Welcome back to the No Job Left Un-destroyed policy.
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