The US economy adds over 900K jobs in March. Unemployment down to 6%.
Are we in for a V shaped recovery?
Perhaps all is well.
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The US economy adds over 900K jobs in March. Unemployment down to 6%.
Are we in for a V shaped recovery?
Perhaps all is well.
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I don't know. They fudge the numbers too much so I will wait for Stevan Van Metre later today to explain anything happening. At least I will get more accurate economic data when it is put together.
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The unemployment data is not worth a ton other than for trends. Plus we know that people who fall off the ranks are not counted any more.
I will have to look up what the true employment numbers are.
Plus, the devil is in the details. We will see what the job creation markets are. I am going to guess they are more low end jobs.
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Here unemployment has reached its peak .
We are having "jobless growth" right now .
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I wouldnt be surprised if that was actually happening in the US also. The numbers might not reflect reality to be honest with you.
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Hehe that's what the government is saying right now to defend unemployment crises .
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That smells like they are covering up the reality. If the situation is so difficult with the pandemic, I don't think the unemployment situation is improving. For example in my country we are in total quarantine and unemployment is increasing, the crisis is worsening and there are no solutions.
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