'The situation is dire': As Trump takes victory lap, new jobs report reveals
alarming surge in permanent unemployment
Published 30 mins ago on September 4, 2020
By Jake Johnson, Common Dreams
“The pain is nowhere near over for millions of workers and their families across the country.”
President Donald Trump on Friday wasted no time taking a victory lap after the Bureau of Labor Statistics announced the U.S. unemployment rate fell to 8.4% in August, but economists warned a closer look at the new economic figures reveals an alarming surge in permanent joblessness that could portend a prolonged recession if Congress and the White House fail to quickly approve additional relief.
“The failure of the Trump administration to control the virus has led to a slower pace of job gains and, while the jobless rate fell significantly last month, it is still in recessionary territory and more job seekers are at risk of longer-term unemployment.”
—Jared Bernstein, Center on Budget and Policy Priorities
The number of Americans classified as permanently unemployed—as opposed to being on temporary furlough—grew by 534,000 in August even as the U.S. economy added 1.4 million jobs. On Twitter, Trump celebrated the latter data point as “great” and “much better than expected.”
https://www.rawstory.com/2020/09/the-situation-is-dire-as-trump-takes-victory-lap-new-jobs-report-reveals-alarming-surge-in-permanent-unemployment/
And my wife is going to be classified as one of the permanent very soon...............I really hope that when we take back control that there is a new form of the 1930's FDR ........WPA and CCC.............initiated............
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