“The number of poor people has grown by eight million since May, according to researchers at Columbia University, after falling by four million at the pandemic’s start as a result of an $2 trillion emergency package known as the Cares Act.
“Using a different definition of poverty, researchers from the University of Chicago and Notre Dame found that poverty has grown by six million people in the past three months, with circumstances worsening most for Black people and children. Significantly, the studies differ on the most recent month: While the Columbia model shows an improvement in September, the Chicago and Notre Dame analysts found poverty continued to grow.”
But you know, it’s all cool because jerbs are coming back, right?
“The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession.
“Thursday’s report from the Labor Department coincides with other recent data that have signaled a slowdown in hiring. The economy is still roughly 10.7 million jobs short of recovering all the 22 million jobs that were lost when the pandemic struck in early spring.”
“The number of new applications for unemployment benefits rose last week to the highest level since late August, as persistent layoffs hold back the economic recovery.”
“Claims increased to 898,000 last week, holding above the pre-pandemic high point of 695,000.”
So, Lord Damp Nut is very likely to join that rarest of rare clubs: Prznints who are kicked out of office in one term with fewer working people than when he started.
NOTE Comcast has been down most of the day and says that they might have the internet working again by midnight, so this might be the last post today; getting this in the queue during one of the “working” flickers.