Drudge Retort: The Other Side of the News
Thursday, May 28, 2020

U.S. states' jobless rolls shrank for the first time during the coronavirus pandemic in a sign people are starting to return to work, even as millions more Americans filed for unemployment benefits.



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Sort of, it's really a bookkeeping trick. My boss got a PPP loan, but there are no customers. So now, instead of getting unemployment, he is using those funds to pay me to stay home.

#1 | Posted by TFDNihilist at 2020-05-28 10:58 AM | Reply

I think it is too soon to tell whether or not it is a bookkeeping trick.

I prefer to see more of a three-period rolling trend line, if for no other reason, to smooth out period-to-period, ummm, quirks.

As we get further into it (these numbers were released just this morning), a deeper analysis can be done to reduce the "trick" in the numbers.

I would like to see the trend develop and continue, though.

#2 | Posted by LampLighter at 2020-05-28 11:02 AM | Reply

#1 Once those PPP funds run out, what then?

Not to mention that a LOT of small and large companies will never re-open.

Restaurants need to be 75% capacity to break even. Re-opening at 25 - 50% capacity is just losing money. A lot will not survive the re-opening. Then you are going to have to throw in the massive effort to clean the places constantly. The last thing any business wants is to take a lazziez faire approach to cleaning and ppe equipment for the staff and be held liable if customers and staff get sick and die.

#3 | Posted by Nixon at 2020-05-29 07:55 AM | Reply

Some people are glad to get back to work. Others are forced to even if they don't feel safe.

#4 | Posted by AMERICANUNITY at 2020-05-29 03:11 PM | Reply

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