Monday , May 25 2020
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Tag Archives: jobs

The jobs picture, coronavirus response protocols and mental health

I am waiting for the jobs numbers out of the US as I begin this post. On Wednesday, we got a preview via the private sector unemployment numbers released by ADP. They showed a loss of more than 20 million jobs, which was pretty much in line with estimates. Consensus estimates for the official numbers in a few minutes are for a loss of 22 million jobs and an unemployment rate of 16%. Both of these numbers would be the worst since this kind of record keeping began in the US in 1939....

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Brief thoughts on the loss of 701,000 jobs in the US

The tenor of my recent posts to subscribers has been mostly about the real world economic outcomes being worse than anticipated. Today’s data flow is no different. Earlier today, I talked about the abysmal PMI numbers in Europe and the political outcomes that the human suffering behind those numbers will create. Now, let’s look at the US for a second because I think that will be the focus of my talk with Raoul Pal on today’s daily briefing at Real Vision. Unfathomable job losses...

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