May 6, 2020

Layoffs Start Turning From Temporary to Permanent Across America

“Plenty of layoffs that just a month ago were labeled “temporary” are now tagged “indefinite” or “permanent…such notices are a sign that even as businesses continue to hope for a speedy recovery, they are starting to plan.”

US private payrolls drop by 20.2 million in April, the worst job loss in the history of ADP report

“Job losses of this scale are unprecedented,” said Ahu Yildirmaz, co-head of the ADP Research Institute, “The total number of job losses for the month of April alone was more than double the total jobs lost during the Great Recession.”

Chicago Fed economists see ‘U-Cov’ jobless rate as high as 34%

“The unique nature of the COVID-19 crisis has led to the furlough of many workers and has also made it difficult for people to look for new work, even if jobs are available…employment losses are likely in the tens of millions, but many individuals are finding it hard to actively look or be available for work and therefore be classified as unemployed.”

Consumer debt hits new record of $14.3 trillion

“The credit card balance decline was notably larger than the same period last year, which may reflect the early signs of decreased consumer spending due to COVID-19.”

The second virus wave: How bad will it be as lockdowns ease?

“The faster we reopen, the lower the economic cost — but the higher the human cost, because the more lives lost,” New York Gov. Andrew Cuomo said. “That, my friends, is the decision we are really making.”

Finland’s Landmark Trial Finds Basic Income Brings Happiness But Not Jobs

“…basic income improves the mental well-being of recipients and makes them feel more secure with their finances…(But)…doesn’t provide the boost to the jobs market…But it does raise happiness levels.”

Travis McCready to Play First Socially-Distanced Concert in Arkansas

“assigned seats…will be at least six feet apart per grouping…fans…will be required to wear face masks (including the venue’s employees), have their temperatures taken at the door  and capacity for the 1,100 person venue will be capped at 229.”

FBI: April 2020 Sets Record for Firearm Background Checks

“April’s surge in background checks followed a March that shattered all one-month records. Breitbart News reported March 2020 witnessed 3,740,688 background checks, which were the most checks conducted in any single month since the inception of NICS.”

How the Coronavirus Pandemic Has Shattered the Myth of College in America

Although the service they provide is education, the product for which they charge is the college degree… Now that future is changing in ways none of us can really apprehend.

Read more at VicNapier.com and my Medium.com page.

Links may lead to sites where the author has an affiliate relationship.

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