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U.S. economy lost 20.5 million jobs in April


Economics | 207628 hits | May 08 10:11 am | Posted by: DrCaleb
8 Comment

The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the coronavirus pandemic is battering the world's biggest economy.

Comments

  1. by avatar Robair
    Fri May 08, 2020 5:33 pm
    Don't worry. Trump's going to cut capital gains and defund social security. That should fix it.

  2. by avatar BartSimpson Gold Member
    Fri May 08, 2020 5:42 pm
    "Robair" said
    Don't worry. Trump's going to cut capital gains and defund social security. That should fix it.


    There you go. Make shit up and outrage yourself over it. :roll:

    Trump doesn't need to cut capital gains when they've gone down on their own.

    And any measure to defund Social Security has to originate in the Democrat controlled House of Representatives. Which is unlikely to happen even if Trump wanted it which he does not. He's said about it.

    :roll:

  3. by avatar Robair
    Fri May 08, 2020 6:32 pm
    What do you think the payroll tax cut does?

  4. by avatar Robair
    Fri May 08, 2020 6:35 pm
    And yes, in a tweet he said capital gains and payroll tax need to be on the next round of covid relief.

  5. by avatar bootlegga
    Fri May 08, 2020 7:49 pm
    I'm sure giving hundreds of billions of dollars to companies so they can continue their stck buybacks will generate tons of jobs...

    /S

  6. by avatar raydan
    Fri May 08, 2020 8:03 pm
    Remember when Trump took the credit for creating all those new jobs in the USA... will he take the blame now for all those lost jobs? :lol:

  7. by avatar bootlegga
    Fri May 08, 2020 9:27 pm
    "raydan" said
    Remember when Trump took the credit for creating all those new jobs in the USA... will he take the blame now for all those lost jobs? :lol:


    This virus is China's fault, not Trump's - geez, don't you keep up with the latest in conspriacy theories? :wink:

  8. by avatar raydan
    Fri May 08, 2020 9:46 pm
    Sure, and all those jobs "he" created is in retail selling all that cheap stuff they import from China.



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