Mr. Blake, a 29-year-old Black man, was partly paralyzed after a white police officer shot him seven times in the back in Kenosha, Wis., in August, setting off protests.
In percentage terms, employment in October was still down 6.1% from a year ago. While this is a big improvement from the 13.4% plunge in April, it remains the steepest year-over-year drop in employment prior to the Pandemic since 1945.
A Quick Look Under The Hood Of The October Jobs Report Heisenberg Report
As ever, it’s important to look under the proverbial hood for evidence of the dreaded “scarring” effect that Jerome Powell (and other Fed officials) have consistently warned about since the onset of the pandemic. Jumping right in, long-term unemployment rose to 32.5% in October. That’s up sharply from 19.1% in September.
How much of the stock market’s rise over the last 11 years is due to QE? Here’s an estimate MarketWatch (QE = Quantitative Easing = central bank – The Fed – “printing” money, creating massive amounts of money to buy the bonds of governments, banks and other major companies.
Goodbye Trump? Resumen
Has Donald Trump had his Joe McCarthy moment? The Conversation
See yesterday’s news links here
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