according to apple news/wall street journal ... The consensus of 57 economists surveyed this month by The Wall Street Journal is that 14.4 million jobs will be lost in the coming months, and the unemployment rate will rise to a record 13% in June, from a 50-year low of 3.5% in February. Already nearly 17 million Americans have sought unemployment benefits in the past three weeks, dwarfing any period of mass layoffs recorded since World War II. .. Gregory Daco, chief U.S. economist of Oxford Economics, projects 27.9 million jobs will be lost, and industries beyond those ordered to close will account for 8 million to 10 million, a level of job destruction on a par with the 2007-09 recession. .. Oxford Economics, a U.K.-based forecasting and consulting firm, projects April’s jobs report, which will capture late-March layoffs, will show cuts to 3.4 million business-services workers, including lawyers, architects, consultants and advertising professionals, as well as 1.5 million nonessential health-care workers and 100,000 information workers, including those working in the media and telecommunications.
galrads: according to apple news/wall street journal ... The consensus of 57 economists surveyed this month by The Wall Street Journal is that 14.4 million jobs will be lost in the coming months, and the unemployment rate will rise to a record 13% in June, from a 50-year low of 3.5% in February. Already nearly 17 million Americans have sought unemployment benefits in the past three weeks, dwarfing any period of mass layoffs recorded since World War II. .. Gregory Daco, chief U.S. economist of Oxford Economics, projects 27.9 million jobs will be lost, and industries beyond those ordered to close will account for 8 million to 10 million, a level of job destruction on a par with the 2007-09 recession. .. Oxford Economics, a U.K.-based forecasting and consulting firm, projects April’s jobs report, which will capture late-March layoffs, will show cuts to 3.4 million business-services workers, including lawyers, architects, consultants and advertising professionals, as well as 1.5 million nonessential health-care workers and 100,000 information workers, including those working in the media and telecommunications.
I'd love to introduce to my old Professor of Economics - he'd tell you that economists are failed accountancy students, a bunch of hare brained halfwits with big mouths who should be first against the wall when the revolution happens - and they should be lined up behind one another so that they could be despatched with a single bullet ( as they're not worth one apiece !!! )
raphael119washington d.c., District of Columbia USA5,181 posts
Economics is the dismal Science.We are all doomed in the end. This dismal forecast has been well known nearly everywhere since January. It will happen regardless of the date quarantine is lifted.
Anyway Merc, we could just follow Trump's latest suggestion. He recommends we inject ourselves with disinfectant, guaranteed to put an end to all our concerns about covid 19 and just about everything else I suspect.
bodleing2: Anyway Merc, we could just follow Trump's latest suggestion. He recommends we inject ourselves with disinfectant, guaranteed to put an end to all our concerns about covid 19 and just about everything else I suspect.
All those bloody guns and he's still standing..He's also telling people to spend hours in the sun..Here goes skin cancer rising
Get your nicotine patches on. This virus could be worst in populations unhealthy in every other way apart from not smoking, the english-speaking combination of fat-acceptance with smoker-shame could be the worst of both worlds.
bodleing2: Anyway Merc, we could just follow Trump's latest suggestion. He recommends we inject ourselves with disinfectant, guaranteed to put an end to all our concerns about covid 19 and just about everything else I suspect.
Maybe he could be the first to try out his theory Words fail me Bod. Perhaps his orange face is a result of his sunbathing to kill any trace of Covid 19.
I cannot believe some of the garbage that comes out of his mouth.
germanspitz: Maybe he could be the first to try out his theory Words fail me Bod. Perhaps his orange face is a result of his sunbathing to kill any trace of Covid 19.
I cannot believe some of the garbage that comes out of his mouth.
I have everything crossed for him to be a guinea pig
Even passive smoking could be a benefit to you now in contrast to the passive effect of living in an overweight neighbourhood. Not that anybody should take up smoking. The fact is that common eating habits can and do jeopardise the minority who take responsiblity for personal health.
ChesneyChrist: Even passive smoking could be a benefit to you now in contrast to the passive effect of living in an overweight neighbourhood. Not that anybody should take up smoking. The fact is that common eating habits can and do jeopardise the minority who take responsiblity for personal health.
WHEN IM GONE Tell my story when I'm gone Raise your glass and sing a song Tell my kids I did my best But this is Daddy's time to rest Have them shed not tears for me Tell my story, would you please'
Tell my story when I'm dead Place a gravestone at my head And when you give my eulogy Choose every word carefully Friend, would you do that for me' Tell my story, would you please'
Satan tried to strike me down I gave him a good fight - stood my ground He took every worldly thing But he could not take my peace So I sing in victory Tell my story, would you please'
acording to the cdc when the temp reaches 85 degrees that will determen if it is a sesonal virus or a long term virus if at 85 degrees the virus goes dormat it is sesanal and can be treeted with an up coming vacsien
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