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Drudge Retort: The Other Side of the News
Monday, March 30, 2020

A new analysis from the Federal Reserve projects that Covid-19 related job losses could be as high as 47 million and drive unemployment up to 32.1% during the coming months. The analysis focuses on two factors groups of workers, those in occupations viewed as highly risk for disruption by the pandemic such as "sales, production, and food services" as well as those whose work require close contact with the others such as "hairstylists and flight attendants". The analysis does not account for the possibility that discouraged workers stop looking for work who are not factored into the unemployment rate, nor does it estimate how the recently passed stimulus bill may impact job markets.

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George W. Bush gave us war and Donald Trump gave us Depression.

Book ends. Dumb and dumber. Both were considered absolute geniuses until they were not.

#1 | Posted by Zed at 2020-03-31 08:04 AM | Reply

Both were considered absolute geniuses until they were not.

#1 | POSTED BY ZED

Not by anyone in their right mind anyway.

#2 | Posted by johnny_hotsauce at 2020-03-31 10:26 AM | Reply

32.1%. Damn I hope that that's wrong.

Might need to go buy that ammo after all...

#3 | Posted by jpw at 2020-03-31 01:44 PM | Reply

Amazon is forcing its entire workforce back in starting April 1st. I'm uncertain how they bypass state disaster regulations, let alone the federal distancing mandate. no one signs up for a job that is potentially deadly to their families without serious consideration. Jeff bezos and his ilk are ghouls.

#4 | Posted by redlightrobot at 2020-03-31 05:29 PM | Reply

Also, wouldn't people forced to work through this receive hazard pay?

#5 | Posted by redlightrobot at 2020-03-31 05:29 PM | Reply

Also, wouldn't people forced to work through this receive hazard pay?
#5 | POSTED BY REDLIGHTROBOT

Maybe if they are union and their contract dictates that otherwise there are no federal pay laws for the private sector that I am aware of.

#6 | Posted by johnny_hotsauce at 2020-03-31 06:28 PM | Reply | Newsworthy 1

If people thought 2008-2009 was ugly... I watched a segment with Neel Kashkari. It is worth watching. He talks about lessons learned from last time. The fed remembers and so far government has done the right thing the problem is the Republicans are now balking.

#7 | Posted by GalaxiePete at 2020-04-02 04:54 PM | Reply

"so far government has done the right thing the problem is the Republicans are now balking."

Because the right thing is the Welfare State.
It's like asking a Republican to admit they're gay.
NOT GONNA HAPPEN.

#8 | Posted by snoofy at 2020-04-02 06:18 PM | Reply

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