The first jobs report under Biden shows slow growth. |
BLACK LIVES MATTER
PROTECT BLACK WOMEN!
WEAR A DAMN MASK! SAVE A LIFE!
HOLD THEM ACCOUNTABLE NOW!
GOOGLE'S BLOGGER IS TRASH!
The unemployment rate is the key indicator of a steady economy. This is the final jobs report from former president Donald J. Trump. President Joe Biden will inherit the economic crisis and the global pandemic.
U.S. employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.
The tepid increase followed a decline of 227,000 jobs in December, the first loss since April. The unemployment rate for January fell sharply from 6.7% to 6.3%, the Labor Department said Friday. About half the drop occurred because some of those out of work found jobs, while others stopped looking for work and were no longer counted as unemployed.
Friday's figures reflect a faltering job market, slowed by a viral pandemic that is still causing consumers to avoid traveling, shopping, dining out, attending entertainment venues and engaging in other forms of face-to-face contact. Nearly 10 million jobs remain lost to the pandemic.
Some states and localities re-imposed restrictions on businesses in December as cases spiked. Some of those restrictions were loosened in January, though perhaps not in time to affect the jobs report, which measures employment in the middle of each month.
As hiring has slowed, many employers have continued to lay off workers. The number of applications for unemployment benefits, though declining for the past few weeks, remained at an elevated 779,000 last week.
The hardships that millions of Americans are suffering trends have fueled President Joe Biden's push for a $1.9 trillion stimulus package, which would provide $1,400 checks for most U.S. individuals and a $400 weekly unemployment payment on top of state benefits. The package would also extend two federal jobless aid programs, from mid-March through September.
Nancy Pelosi and Chuck Schumer are going to move forward with or without Republican support. |
The damage to the job market since March has widened financial inequality in the United States, especially hurting women and people of color. At the same time, Americans fortunate enough to have kept their jobs have amassed $2.3 trillion in savings - double the pre-pandemic total. That enlarged pool of savings could fuel a rapid rebound in spending as business restrictions are lifted and more Americans become more confident about shopping, dining out and traveling.
Economists increasingly suggest that as vaccinations reach a critical mass in the coming months and the government provides further stimulus, the economy and the job market will strengthen much faster than they did after previous recessions. Bank of America estimates that growth could reach 6% this year, which would be the fastest since 1984.
Some hopeful signs have emerged recently to suggest that the economy might be picking up a bit. Auto sales rose solidly in January. And a gauge of business growth in the service sector picked up to its highest level in two years. It also showed that services firms added workers last month. A separate measure of manufacturing indicated that factories are also expanding. So is spending on home construction.
Since the pandemic wiped away 20.9 million jobs, the economy has been struggling to regain its footing. The failure to prepare for this global pandemic has ruined everything Trump's done since he's entered the White House.
Things that make you go hmmm.....
1. President Joe Biden has told Senate Democrats that if Republicans refuse to work with him on the COVID-19 relief, he wants them to pass it through budget reconciliation. The Democrats have voiced frustration with Republican obstruction,
2. Rep. Marjorie Taylor Greene (R-GA) was stripped of her committee positions after numerous videos surfaced showing the Georgia lawmaker openly endorsing violence against Americans. Republicans refuse to hold their members accountable for their actions leading up to the insurrection.
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) |
---|---|---|---|---|
— | — | Northern Mariana Islands[6]:60, 66, 103, 109 | 11.2% | — |
34 | — | American Samoa | 11.4%[5] | — |
51 | 48 | Nebraska | 8.3% | 4.1 |
53 | 50 | Connecticut | 7.9% | 4.2 |
52 | 49 | Minnesota | 8.1% | 5 |
39 | — | District of Columbia | 11.1% | 5.1 |
46 | 44 | Missouri | 9.7% | 5.2 |
35 | 34 | New Mexico | 11.3% | 5.4 |
42 | 40 | Arkansas | 10.2% | 5.4 |
48 | 46 | Wyoming | 9.2% | 5.5 |
46 | 44 | Utah | 9.7% | 6.1 |
50 | 47 | North Dakota | 8.5% | 6.3 |
42 | 40 | Iowa | 10.2% | 6.5 |
45 | 43 | Maryland | 9.9% | 6.6 |
35 | 34 | Colorado | 11.3% | 6.8 |
42 | 40 | South Dakota | 10.2% | 6.9 |
29 | 29 | Arizona | 12.6% | 7.1 |
40 | 38 | Virginia | 10.6% | 7.3 |
25 | 25 | Alaska | 12.9% | 7.3 |
40 | 38 | Maine | 10.6% | 7.4 |
19 | 19 | Louisiana | 14.5% | 7.6 |
32 | 32 | Georgia | 11.9% | 7.7 |
30 | 30 | North Carolina | 12.2% | 7.8 |
35 | 34 | Montana | 11.3% | 7.8 |
28 | 28 | Texas | 12.8% | 8.1 |
38 | 37 | Kansas | 11.2% | 8.1 |
25 | 25 | Florida | 12.9% | 8.6 |
33 | 33 | Idaho | 11.5% | 8.9 |
15 | 15 | West Virginia | 15.2% | 9.1 |
16 | 16 | Pennsylvania | 15.1% | 9.1 |
21 | 21 | Delaware | 14.3% | 9.2 |
25 | 25 | Alabama | 12.9% | 9.4 |
31 | 31 | South Carolina | 12.1% | 9.5 |
11 | 11 | Kentucky | 15.4% | 9.6 |
19 | 19 | New York | 14.5% | 10 |
11 | 11 | Mississippi | 15.4% | 10.1 |
10 | 10 | California | 15.5% | 10.2 |
11 | 11 | Washington | 15.4% | 10.3 |
24 | 24 | Oklahoma | 13.7% | 10.6 |
23 | 23 | Wisconsin | 14.1% | 10.7 |
22 | 22 | Oregon | 14.2% | 10.9 |
18 | 18 | Tennessee | 14.7% | 11.2 |
6 | 6 | Ohio | 16.8% | 11.3 |
14 | 14 | New Jersey | 15.3% | 11.5 |
7 | 7 | Illinois | 16.4% | 11.8 |
16 | 16 | Massachusetts | 15.1% | 12.2 |
9 | 9 | Vermont | 15.6% | 12.4 |
4 | 4 | Rhode Island | 17% | 12.4 |
8 | 8 | New Hampshire | 16.3% | 13.7 |
5 | 5 | Indiana | 16.9% | 13.7 |
2 | 2 | Michigan | 22.7% | 18.6 |
3 | 3 | Hawaii | 22.3% | 19.7 |
1 | 1 | Nevada | 28.2% | 21.9 |
54 | — | Virgin Islands[8] | 5.2% | 0.1 |
49 | — | Puerto Rico[7] | 8.8% | 0.1 |
55 | — | Guam[9][10] | 3.6% | 1.0 |
No one can wait forever for changes. Congress is made up of old, white and well off politicians.
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 (BY ACTIVELY TAKING PART IN IN ILLEGAL ACTS).
Biden inherits a huge mess from Trump. Biden won't get a pass from conservative agitators.In the four years of his presidency, America has become more divided, sicker, poorer and dumber.
By that time, U.S. television shows will be permanently cancelled. There will be nearly 1.4 million Americans dead. There will be possible new strains entering the country and being immune to the coronavirus.
If things don't improve, we might call ourselves and endangered species. Trust me, the United States has for the first time had a slower birth rate. Our death rate has increased significantly.
Due to the coronavirus and gun violence, the country will be stalling on growth.
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