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| Trump promises chaos. The jobs report shows weak growth. |
WEAR A DAMN MASK! SAVE A LIFE!
BLACK LIVES MATTER
PROTECT BLACK WOMEN!
END SARS NOW!
HER NAME IS BREONNA TAYLOR!
ELECTIONS HAVE CONSEQUENCES!
While we await the results of the presidential election, we are expecting unrest.CNBC reports the post-U.S. presidential election jobs report and it shows that it did meet expectations but still shows a slowing economy.
Employment growth was better than expected in October and the unemployment rate fell sharply even as the U.S. faces the challenge of surging coronavirus cases and the impact they could have on the nascent economic recovery.
The Labor Department reported Friday that nonfarm payrolls increased by 638,000 and the unemployment rate was at 6.9%. Economists surveyed by Dow Jones had been looking for a payroll gain of 530,000 and an unemployment rate of 7.7%, a touch lower than the September level of 7.9%.
October’s gain was just slightly off the September pace of 672,000.
The jobless rate decline was positive as it came with a labor force participation rate that rose 0.3 percentage points to 61.7%. An alternative measure that includes discouraged workers and those holding part-time jobs for economic reasons also fell, to 12.1% from 12.8% a month ago.
The survey of households showed an even stronger level of job growth, with the total employment level rising by 2.24 million and the employment-to-population ratio increasing by 0.8 percentage points to 57.4%. The household survey also showed a decline of 1.52 million in the total unemployed level and a drop of 541,000 in those considered not in the labor force.
October’s gains would have been even better were it not for the loss of 147,000 Census workers that contributed to an overall fall of 268,000 in government jobs. In all, private job creation came to 906,000, better than September’s 892,000.
Those reporting that they had been out of work because their employer had lost business or closed during the pandemic also dropped considerably, falling to 15.1 million from 19.4 million in September.
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| It could be over by the end of the night. |
Markets reacted somewhat positively to the news, with Dow futures erasing most of their earlier losses.
The biggest job gains came in the hardest-hit sector during the pandemic, as leisure and hospitality jumped by 271,000. Of that total, bars and restaurants increased 192,000.
“The strength of this report is really amazing in the face of rising coronavirus cases,” said Michael Arone, chief investment strategist at State Street Global Advisors. “You would have expected that to start to show up in the data, particularly in places like leisure and hospitality, where the numbers are incredibly strong.”
The report comes as the U.S. this week broke the 100,000-a-day barrier for new coronavirus cases that pushed a rise in hospitalizations.
With Federal Reserve officials stressing the link between the virus and economic growth, the U.S. faces challenging months ahead.
October’s growth brings the total payroll gains since May to around 12 million, though that still leaves about 10 million positions lost in March and April.
Professional and business services rose 208,000 and retail added 104,000, mostly in electronics and appliance stores, which were up 31,000.
Construction also posted a healthy gain, up 84,000, while transportation and warehousing increased by 63,000 and manufacturing was up by 83,000, even though the sector remains well below its pre-pandemic level.
Previous months’ gains saw slight upward revisions, with August increasing by 4,000 to 1.493 million and September increasing by 11,000 to 672,000.
Currently, we have over 100,000 confirmed cases daily with COVID-19. We also have over 300,000 Americans killed from the coronavirus and over 11.3 million confirmed infections.
Things that make you go hmmm....!
1. Joe Biden and Kamala Harris are close to becoming President-elect and Vice President-elect. The Democrats failed to win back the U.S. Senate but face two run-offs in Georgia. The U.S. House lost about 20 seats. Some of the Democrats are calling Rep. Nancy Pelosi (D-CA), Sen. Chuck Schumer (D-NY), Sen. Dick Durbin (D-IL) and Rep. Steny Hoyer (D-MD) to step down from leadership. Rep. Abigail Spanberger (D-VA) voiced frustration about the Democrats losing seats in the Midwest and South. She blames Rep. Alexandria Ocasio-Cortez (D-NY), Rep. Ilhan Omar (D-MN), Rep. Rashida Tlaib (D-MI) and Sen. Bernie Sanders (I-VT) for causing chaos in a relatively easy election. She said on a phone call that Democrats need to do considerable thinking when it comes to talking out the ass. She said that "Defund The Police" and "socialism" politically damaged candidates. Republicans managed to pick up seats and has 15 women joining the ranks. The Democrats spent nearly $400 million and came up short. Democrats are debating over how to win the message war when 2022 is shortly away and Republicans believe they could win back Congress.
2. Donald J. Trump becomes the third U.S. President to be impeached while in office. If the election results are called today, he could be the latest member in the "One-Term" club. Trump was impeached by the U.S. House of Representatives but escapes being removed from office by the U.S. Senate. The Senate rejects witnesses and evidence. They quickly acquitted Trump.
3. Donald J. Trump on Thursday claimed that the election was rigged. In a defiant speech, Trump claims the Democratic Party, the junk food media, social media and his political enemies are conspiring to "steal" the election. Trump said, "If you count the legal votes, I easily win." Without evidence, Trump said "illegal votes" are being counted and praised his supporters for demanding Arizona to "count the vote" and Pennsylvania and Georgia to "stop the vote." He was widely condemned by the junk food media. Tepic responses from Republicans. Sean "Softball" Hannity, Mark Levin, Rush Limbaugh, Bill O'Reilly, Newt Gingrich, Sen. Ted Cruz (R-TX), Sen. Lindsey Graham (R-TX), Rep. Kevin McCarthy (R-CA) and Rep. Matt Gaetz (R-FL) have sparked controversy. They are demanding Republicans continue to protest and call for an "armed" revolution.
4. The U.S. has nearly 11.3 million confirmed cases of the coronavirus. There are over 300,000 Americans who died from the coronavirus. The disease has spread across the states and many individuals are dying from it. Trump is telling the junk food media that the "virus will go away." Trump continues to blame Barack Obama for his failure to get the ball rolling on prevention. Trump deregulations have finally taken a toll. Trump tried to dismantle the Coronavirus Task Force last month. On the campaign trail, Trump signalled he may fire Dr. Anthony Fauci.
5. Brick and mortar stores are shuttering in suburbia. Gap, Stein Mart, Pier One, Chuck E Cheese, Lord & Taylor, Men's Warehouse, J. Crew and Neiman Marcus have filed for bankruptcy. Papyrus, Modell's Sporting Goods and Art Van Furniture are going out of business and plan on liquidating their businesses. JCPenney, Macy's, Forever 21, Hallmark, Jo Ann Fabrics, Kmart and Sears are on death kneel. Walgreens, Walmart, Kroger are closing stores. Walmart and Kroger are no longer operating stores on a 24-hour format. The Waffle House, a longtime restaurant establishment that never closes has over 549 locations in the country still closed due to the coronavirus. The coronavirus has changed the dynamic of operations in superstores. They are closing stores at 8:30pm, midnight and 1am to eliminate workers. Dunkin (Donuts) are closing over 800 stores in the United States. Tim Hortons is closing 400 stores in the United States. Steak 'N Shake are closing over 125 stores in the United States. McDonald's is closing 300 stores in the United States. Walgreens is closing over 200 stores.
6. No one is seeing the results of the Job and Tax Cuts Act and the Coronavirus Aid, Relief and Economic Security Act. The Trump Tax Cuts and CARES Act hasn't really improved Americans lives. Congress is still trying to pass more legislation that helps those in the luxury and hospitality industry. Casinos, luxury cruise lines, airlines, hotels and sporting events were the most affected by the coronavirus. Now Trump is rolling out a tax holiday which is expect to take place in mid-September. For those who are willing to take it, they will get a small increase in their paychecks. However, when next year comes around, they'll end up paying for it in a wage deduction that could take over 15% of their paycheck.
7. Folks affected by COVID-19 are not working. Those who have worked a full-time job or multiple jobs are now forced off because of state order shutdowns. Some have worked one or more jobs to stay afloat. Conservatives have claimed that Americans who use the safety net are lazy. They now see the impact of Americans being laid off from their jobs (at no fault of their own). They still are trying to make the argument that folks who are now getting these checks are going to demand more. A measly $1,200 isn't going to help Americans spend. It's going to help them one time with bills and rent. They don't realize that many Americans are working more than 40 hours and are often staying longer hours or working a second job to pay rent, mortgage or vehicle expenses. Insurance rates are up due to Trump rolling back regulations, eliminating the insurance mandate of the Affordable Care Act, and private insurance companies aren't paying for natural disasters and human based disasters.
8. The U.S. Special Forces rescued an American citizen held hostage in Nigeria. Philip Walton was taken hostage by terrorists in Niger. He was rescued by the Navy Seals and Secretary of State Mike Pompeo said that it couldn't confirm if the hostage attempt was conducted by Al-Qaeda or the Islamic State (Boko Haram).
9. The U.S. is formally out of the Paris Climate Accords. In 2018, Donald J. Trump formally withdrew from the climate change agreement citing it was not being fair to the United States. It was widely condemned by world leaders.
10. Due to the rise in COVID-19 cases, Canada, the United Kingdom, Australia, the European Union and Japan have temporarily banned Americans from entry.
11. Americans are struggling with paying rent on their homes. The CARES Act expired in July and many Americans are now suffering from the failure of Congress. The House of Representatives have passed their version of the CARES Act. The Republicans in the Senate have continued to stall legislation because of their stupid principles. Many Republicans continues to believe that Americans getting federal assistance are "lazy" and not willing to work. That ignorance should be an anchor on Republicans who are struggling to win their reelection bids.
12. Amy Coney Barrett takes on the mantle as a Supreme Court Justice. Her confirmation was rushed through before the election and Democrats hoped it would inspire more voter turnout. After Tuesday's results, it seems Republicans will have a slim majority in the Senate. They will be able to block federal judges and Supreme Court nominees if Joe Biden is president.
8. The U.S. Special Forces rescued an American citizen held hostage in Nigeria. Philip Walton was taken hostage by terrorists in Niger. He was rescued by the Navy Seals and Secretary of State Mike Pompeo said that it couldn't confirm if the hostage attempt was conducted by Al-Qaeda or the Islamic State (Boko Haram).
9. The U.S. is formally out of the Paris Climate Accords. In 2018, Donald J. Trump formally withdrew from the climate change agreement citing it was not being fair to the United States. It was widely condemned by world leaders.
10. Due to the rise in COVID-19 cases, Canada, the United Kingdom, Australia, the European Union and Japan have temporarily banned Americans from entry.
11. Americans are struggling with paying rent on their homes. The CARES Act expired in July and many Americans are now suffering from the failure of Congress. The House of Representatives have passed their version of the CARES Act. The Republicans in the Senate have continued to stall legislation because of their stupid principles. Many Republicans continues to believe that Americans getting federal assistance are "lazy" and not willing to work. That ignorance should be an anchor on Republicans who are struggling to win their reelection bids.
12. Amy Coney Barrett takes on the mantle as a Supreme Court Justice. Her confirmation was rushed through before the election and Democrats hoped it would inspire more voter turnout. After Tuesday's results, it seems Republicans will have a slim majority in the Senate. They will be able to block federal judges and Supreme Court nominees if Joe Biden is president.
13. As of November 2020, the U.S. territory of American Samoa has little to no confirmed cases of the coronavirus.
Here's the outliner of the unemployment by state, territory and the District of Columbia.
| Rank | Rank (50 states) | State federal district or territory | Unemployment rate (seasonally adjusted) | Monthly change (%) (  =drop in unemployment) |
|---|---|---|---|---|
| 25 | 25 |  Alabama | 12.9% |  9.4 |
| 25 | 25 |  Alaska | 12.9% | 7.3 |
| 34 | — |  American Samoa | 11.4%[5] | — |
| 29 | 29 |  Arizona | 12.6% | 7.1 |
| 42 | 40 |  Arkansas | 10.2% | 5.4 |
| 10 | 10 |  California | 15.5% | 10.2 |
| 35 | 34 |  Colorado | 11.3% | 6.8 |
| 53 | 50 |  Connecticut | 7.9% | 4.2 |
| 21 | 21 |  Delaware | 14.3% | 9.2 |
| 39 | — |  District of Columbia | 11.1% | 5.1 |
| 25 | 25 |  Florida | 12.9% | 8.6 |
| 32 | 32 |  Georgia | 11.9% | 7.7 |
| 55 | — |  Guam[9][10] | 3.6% | 1.0 |
| 3 | 3 |  Hawaii | 22.3% | 19.7 |
| 33 | 33 |  Idaho | 11.5% | 8.9 |
| 7 | 7 |  Illinois | 16.4% | 11.8 |
| 5 | 5 |  Indiana | 16.9% | 13.7 |
| 42 | 40 |  Iowa | 10.2% | 6.5 |
| 38 | 37 |  Kansas | 11.2% | 8.1 |
| 11 | 11 |  Kentucky | 15.4% | 9.6 |
| 19 | 19 |  Louisiana | 14.5% | 7.6 |
| 40 | 38 |  Maine | 10.6% | 7.4 |
| 45 | 43 |  Maryland | 9.9% | 6.6 |
| 16 | 16 |  Massachusetts | 15.1% | 12.2 |
| 2 | 2 |  Michigan | 22.7% | 18.6 |
| 52 | 49 |  Minnesota | 8.1% | 5 |
| 11 | 11 |  Mississippi | 15.4% | 10.1 |
| 46 | 44 |  Missouri | 9.7% | 5.2 |
| 35 | 34 |  Montana | 11.3% | 7.8 |
| 51 | 48 |  Nebraska | 8.3% | 4.1 |
| 1 | 1 |  Nevada | 28.2% | 21.9 |
| 8 | 8 |  New Hampshire | 16.3% | 13.7 |
| 14 | 14 |  New Jersey | 15.3% | 11.5 |
| 35 | 34 |  New Mexico | 11.3% | 5.4 |
| 19 | 19 |  New York | 14.5% | 10 |
| 30 | 30 |  North Carolina | 12.2% | 7.8 |
| 50 | 47 |  North Dakota | 8.5% | 6.3 |
| — | — |  Northern Mariana Islands[6]:60, 66, 103, 109 | 11.2% | — |
| 6 | 6 |  Ohio | 16.8% | 11.3 |
| 24 | 24 |  Oklahoma | 13.7% | 10.6 |
| 22 | 22 |  Oregon | 14.2% | 10.9 |
| 16 | 16 |  Pennsylvania | 15.1% | 9.1 |
| 49 | — |  Puerto Rico[7] | 8.8% | 0.1 |
| 4 | 4 |  Rhode Island | 17% | 12.4 |
| 31 | 31 |  South Carolina | 12.1% | 9.5 |
| 42 | 40 |  South Dakota | 10.2% | 6.9 |
| 18 | 18 |  Tennessee | 14.7% | 11.2 |
| 28 | 28 |  Texas | 12.8% | 8.1 |
| 46 | 44 |  Utah | 9.7% | 6.1 |
| 9 | 9 |  Vermont | 15.6% | 12.4 |
| 54 | — |  Virgin Islands[8] | 5.2% | 0.1 |
| 40 | 38 |  Virginia | 10.6% | 7.3 |
| 11 | 11 |  Washington | 15.4% | 10.3 |
| 15 | 15 |  West Virginia | 15.2% | 9.1 |
| 23 | 23 |  Wisconsin | 14.1% | 10.7 |
| 48 | 46 |  Wyoming | 9.2% | 5.5 |
Nonetheless, Republicans will conclude that Trump's economy is great. We keep hearing the same old tired talking points about tax cuts, raising taxes on the rich and fixing roads and bridges.
The same old shit but from a different face.
Now many facilities are dealing with the fallout of the coronavirus. They are setting up face guards, they reducing facility capacities, cutting hours and making mandatory distancing at businesses.
No one can wait forever for changes. Congress is made up of old, white and well off politicians.
Food prices, energy prices, rent, city services and college education have risen. With folks not working, the fears of being thrown on the street are live and direct. Folks are struggling to make ends meet as well as landlords, mortgage brokers and those who need the money to repair facilities.
Unemployment rates by the numbers. Note: American Samoa has data from 2018. Northern Mariana Islands is by far the highest in the nation due to the fact their unemployment was up since 2016.
Real Reasons To Why Unemployment Rate Stays The Way It Is!
1. DEAD
2. BORN
3. IN PRISON
4. IN PRIMARY SCHOOL
5. IN MIDDLE SCHOOL
6. IN HIGH SCHOOL
7. IN COLLEGE NOT LOOKING
8. VOLUNTEER
9. DISABLED
10. STAY AT HOME PARENT
11. RETIRED
12. QUIT ON THEIR OWN
13. NOT HIRING QUALIFIED
14. NATURAL DISASTERS
15. ACTIVE MILITARY
16. NOT HIRING TOO QUALIFIED
17. LAID OFF
18. FIRED FROM THE JOB
19. DESTRUCTION TO FACILITY
20. OUTSOURCING
21. IMMIGRANTS TOO AFRAID OF BEING DETAINED BY I.C.E.
22. SHAMED BY SOCIAL MEDIA
Trump and the Republicans are desperate. They will throw everything against the wall to stop Joe Biden and Kamala Harris from winning the election. As Congress returns back from their recess, they will try to restart talks on how to pass the CARES Act. The Republicans in the Senate will not work with the Democrats in the House to pass an extension of the stimulus.
Trump and Republicans believe that trickle down economics (i.e. free market capitalism) is helping Americans. Really, it's making people work harder and folks are not seeing the benefits of it. So far private equity firms are buying corporations and piling on debt. These companies can't sustain the debt and are forced to declare bankruptcy and eventually liquidation. Many of our nation's largest companies and start-ups have equity firms investing in them. When the firms want their money, they're going to get their money.
America is more divided under Donald J. Trump. He has created so much chaos under his four years as President of the United States. We will now see a prolonged future of protests and uncertainly.
Now many facilities are dealing with the fallout of the coronavirus. They are setting up face guards, they reducing facility capacities, cutting hours and making mandatory distancing at businesses.
No one can wait forever for changes. Congress is made up of old, white and well off politicians.
Food prices, energy prices, rent, city services and college education have risen. With folks not working, the fears of being thrown on the street are live and direct. Folks are struggling to make ends meet as well as landlords, mortgage brokers and those who need the money to repair facilities.
Unemployment rates by the numbers. Note: American Samoa has data from 2018. Northern Mariana Islands is by far the highest in the nation due to the fact their unemployment was up since 2016.
Real Reasons To Why Unemployment Rate Stays The Way It Is!
1. DEAD
2. BORN
3. IN PRISON
4. IN PRIMARY SCHOOL
5. IN MIDDLE SCHOOL
6. IN HIGH SCHOOL
7. IN COLLEGE NOT LOOKING
8. VOLUNTEER
9. DISABLED
10. STAY AT HOME PARENT
11. RETIRED
12. QUIT ON THEIR OWN
13. NOT HIRING QUALIFIED
14. NATURAL DISASTERS
15. ACTIVE MILITARY
16. NOT HIRING TOO QUALIFIED
17. LAID OFF
18. FIRED FROM THE JOB
19. DESTRUCTION TO FACILITY
20. OUTSOURCING
21. IMMIGRANTS TOO AFRAID OF BEING DETAINED BY I.C.E.
22. SHAMED BY SOCIAL MEDIA
Trump and the Republicans are desperate. They will throw everything against the wall to stop Joe Biden and Kamala Harris from winning the election. As Congress returns back from their recess, they will try to restart talks on how to pass the CARES Act. The Republicans in the Senate will not work with the Democrats in the House to pass an extension of the stimulus.
Trump and Republicans believe that trickle down economics (i.e. free market capitalism) is helping Americans. Really, it's making people work harder and folks are not seeing the benefits of it. So far private equity firms are buying corporations and piling on debt. These companies can't sustain the debt and are forced to declare bankruptcy and eventually liquidation. Many of our nation's largest companies and start-ups have equity firms investing in them. When the firms want their money, they're going to get their money.
America is more divided under Donald J. Trump. He has created so much chaos under his four years as President of the United States. We will now see a prolonged future of protests and uncertainly.
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