10-15-2020, 10:03 PM
(10-15-2020, 01:44 PM)BostonCard Wrote: https://in.reuters.com/article/us-usa-ec...SKBN2701QD
Quote:Initial claims for state unemployment benefits increased 53,000 to a seasonally adjusted 898,000 for the week ended Oct. 10. Data for the prior week was revised to show 5,000 more applications received than previously reported.
Not going in the right direction.
BC
No it's not. Some stimulus would sure help.
Was watching Dana Perino speak. Dana's a fiscal conservative and George Bush II's former press secretary. Today, she said that she was petrified for the economy because of the lack of stimulus, now 76 days gone and counting. She said that for the first time in her life, she's really scared of what's about to hit the economy.
BTW, a marketing coordinator that I used to use some years ago filed an initial unemployment claim on March 23. It was approved...yesterday. That's California's backup. She'll be getting a check for the stimulus portion and the California portion, nearly $20k in all.
I still maintain we're economically screwed. We pulled back too long and too hard. The second wave of layoffs and business closings will be coming soon. Raging inflation in 2022, maybe mid 2021.
Idiots...
Audaces fortuna iuvat