BLS Jobs report -20.5 Millions jobs 14.7% Unemployment

[Johnny2X2X]

And this is from surveys a few weeks ago, it's certainly much worse.

https://allianceforscience.cornell.edu/blog/2020/04/covid-top-10-current-conspiracy-theories/?fbclid=IwAR0QDXeBrO9gWBYLw1upFilu30zeKJOhVk3cg0cHZ7uausW3hWpqT4XQOzM

To put this into perspective, Trump's economy just gave back all of his job gains, all of Obama's job gains, all of Bush's jobs gains, and is now eating into Bill Clinton's jobs gains.

[uponit7771]

1. K&R, that doesn't include furlough workers of 5%. The U6 rate is 22.8 and that's less than 6 weeks !

[Johnny2X2X]

2. Trump owns this

Trump took ownership of every good jobs report that Obama handed to him, he owns this one too.

[Poiuyt]

3. I'm tired of the winning

[Johnny2X2X]

4. MAGA

Trump claimed ownership when he didn't deserve it when the reports were good, so he owns this now too.

[SoonerPride]

5. #TrumpDepression

[mvd]

6. And likely higher, as many said

It further shows how that “great” economy of Trump’s was a sham. Most of the benefits went to the rich, and it also was completely unprepared for a downturn. The social safety net is very weak and many were living paycheck to paycheck, and not a large paycheck.

[Johnny2X2X]

7. In 2019, 3/4 economists already predicted a recession by 2021

https://www.washingtonpost.com/business/2019/08/19/out-economists-predict-us-recession-by-survey-finds/

We were already heading to a recession.