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#11 | |
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Playmaker
Join Date: Oct 2009
Location: Stephens City, VA
Posts: 2,953
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Re: Coronavirus (political)
Quote:
But i do argue that if you use unemployment numbers as a measure to gauge the health of the economy, as people generally do, then the USA is not doing well at all. On Monday i was shown a report that listed at that time, over 23 million people unemployed. That's 11.5 million people per month since March, when the lockdowns began. If we use those numbers, then by the summer we are looking at 70 million people, probably more, at the current rate that unemployment continues to grow. I don't know anyone who would say that 70 million people in the USA unemployed says that we are doing well. If the shutdowns continue until the end of the year, or in multiple waves of shutdowns as some have called for, that's still on pace for 138 million people out of work. Now granted, that is much "better" than my original prediction of 300 million people out of work, but 138 million people out of work is still horrifying no matter what the reason is.
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