Shocking job numbers raise hopes for quicker recovery The Hill. Way too early to open the champagne. I had expected a W shaped recovery, an initial bounce followed by a reversal, independent of a second wave. Infection rates are still rising in a lot of states. Given the fits and starts with getting PPP funds to employers, most if not virtually all are in the period where they have to maintain payrolls. I’ve heard directly from business owners that they expect to have to cut heads, so that bleed will start shortly. Plus this: “….half of them reporting back to restaurants, bars and other businesses in the leisure and hospitality industry.” Unclear how many will make it under the new normal.
If the workers who were recorded as employed but absent from work due to “other reasons” (over and above the number absent for other reasons in a typical May) had been classified as unemployed on temporary layoff, the overall unemployment rate would have been about 3 percentage points higher than reported (on a not seasonally adjusted basis). However, according to usual practice, the data from the household survey are accepted as recorded. To maintain data integrity, no ad hoc actions are taken to reclassify survey responses.
Admittedly, the Bureau of Labor Statistics had a similar note last month. As always, focus on U-6, which shows unemployment over 20%.
A tale of two speeches by Gove and Frost Beerg Brexit Blog (guurst). Criminy, I missed this aspect completely, when it was there all the time in full view, perhaps because it was delusional even by the nutters standards of the ERG.
This is a bizarre dichotomy.
The vast majority of preparations are required whether the UK gets its Canada Style Bare Bones Just The Tariffs Ma’am or not.
POLICE OFFICER TELLS PROUD BOYS TO HIDE INSIDE BUILDING BECAUSE THEY’RE ABOUT TO TEAR GAS PROTESTERS. THE OFFICER SAID HE WAS WARNING THEM “DISCREETLY” BECAUSE HE DIDN’T WANT PROTESTERS TO SEE POLICE “PLAY FAVORITES.” iTs JuSt a FeW BaD ApPlEs #GeorgeFloyd#babygatepic.twitter.com/sbcpbH2iVu
BREAKING: More than 30 journalists of color at the Philadelphia Inquirer are calling out sick today in protest of systemic racism; others are taking part in a byline strike. This was prompted by the paper’s disastrous ‘Buildings Matter, Too’ headline https://t.co/YNi1agJBh6
Canada geese. We live on the 4th floor of condo unit. These windows look out across rooftop of adjacent building. We were so surprised to see two Canada geese wandering the rooftop and eventually approaching our window.
One of them appeared drawn in by the lavender we have in pots outside our window. But showed no interest upon inspection, turned up its bill and walked away.