05-19-2020, 04:06 PM
A record breaking 20.236 million Americans lost their job in April as the result of business closures all over the USA as part of the orchestrated novel coronavirus “pandemic“ that is destroying the economy (while many of the billionaires are even getting richer).
The official unemployment rate soared to 14.7% — the highest level since the Great Depression.
Some say that the real jobless rate is as high as 22.8%!
The massive loss of work occurred across industries: Leisure and hospitality jobs fell by 7.6 million; Retail and Health care (during a medical emergency!) sectors each lost 2.1 million jobs; Manufacturing lost 1.3 million; and government jobs fell by 980,000.
The worst monthly job loss in the Great Recession was 800,000 in March 2009.
The highest monthly job loss before this was 2 million in 1945 (directly after World War II): https://www.npr.org/sections/coronavirus...9899278843
(http://archive.is/2p4ye)
Is hyperinflation coming?!?
Grocery prices in the USA increased with 2.6% in a single month from March to April; the biggest one-month increase since 1974.
The largest price increase for a grocery category is meats, poultry, fish and eggs, with 4.3%.
Many prices in areas of the economy have fallen in contrast to food (and toilet paper).
A lawsuit was filed in California accusing several companies, of engaging in “the despicable and illegal practice of price-gouging of essential groceries, specifically eggs, in the midst of the ongoing and unprecedented pandemic”: https://www.today.com/food/why-are-groce...ng-t181700
The official unemployment rate soared to 14.7% — the highest level since the Great Depression.
Some say that the real jobless rate is as high as 22.8%!
The massive loss of work occurred across industries: Leisure and hospitality jobs fell by 7.6 million; Retail and Health care (during a medical emergency!) sectors each lost 2.1 million jobs; Manufacturing lost 1.3 million; and government jobs fell by 980,000.
The worst monthly job loss in the Great Recession was 800,000 in March 2009.
The highest monthly job loss before this was 2 million in 1945 (directly after World War II): https://www.npr.org/sections/coronavirus...9899278843
(http://archive.is/2p4ye)
Is hyperinflation coming?!?
Grocery prices in the USA increased with 2.6% in a single month from March to April; the biggest one-month increase since 1974.
The largest price increase for a grocery category is meats, poultry, fish and eggs, with 4.3%.
Many prices in areas of the economy have fallen in contrast to food (and toilet paper).
A lawsuit was filed in California accusing several companies, of engaging in “the despicable and illegal practice of price-gouging of essential groceries, specifically eggs, in the midst of the ongoing and unprecedented pandemic”: https://www.today.com/food/why-are-groce...ng-t181700
The Order of the Garter rules the world: https://www.lawfulpath.com/forum/viewtop...5549#p5549