The point is that numbers are not picking up fast enough. There is an high auto-correlation in employment numbers. To put it differently: there is an higher chance for business that didn’t hire recently, not to hire the next month. This is why a strong and fast rise in employment number is crucial.
That's right, but looking at how the covid situation is evolving I believe many businesses will slowly think to prepare for a long term depression. This might translate into few new jobs and lots of dismissals. And I am not taking into account that hyperinflation could soon kick in even in the West. For those who have a few bitcoins that will be the time to understand how fortunate we have been to got into it in the first place. 
Topic: Rise in US unemployment. Thoughts? - page 2. (Read 1892 times)
This is not a mistake because experts say that the spread of the corona virus will increase this winter. Despite rising unemployment in the United States there are plans to lock down the rest of the world. Two months of winter may lockdown again. the United States will be able to fix everything very soon even if unemployment rises due to a lot of improvement their country's economy is very prosperous.
I Dont think it is appropriate to use word such us "locking Down the world" because we have different government and position.Like in our country when the Lock down has already done and now we are living in semi normal situation.
there will never be another lockdown since the virus is flattening the curve.
we are just waiting for the release of the Vaccine to kill totally the virus,though the count of infected is still climbing we believe that we can take this down by next year.
This is not a mistake because experts say that the spread of the corona virus will increase this winter. Despite rising unemployment in the United States there are plans to lock down the rest of the world. Two months of winter may lockdown again. the United States will be able to fix everything very soon even if unemployment rises due to a lot of improvement their country's economy is very prosperous.
I lile to read these threads to see what other people think on unemployment. I don't think the hardest part is here yet. Businesses have tried to stay above water but we are at the 6+ month mark, the next 6 months are going to be very telling. One because the winter might bring more cases of covid and tightening of openings are very possible and 2 loans/credit/ etc to keep these businesses open will start to deplete and if things don't ramp up quickly they are in trouble. I hope I'm wrong but have a wierd feeling I'm not. 
The point is that numbers are not picking up fast enough. There is an high auto-correlation in employment numbers. To put it differently: there is an higher chance for business that didn’t hire recently, not to hire the next month. This is why a strong and fast rise in employment number is crucial.
The report on unemployment comes out every month in USA, there was decline in unemployment rate in September (7.9%) from August (8.4%), compare with the unemployment rate at the dippiest of the Pandemic in April (14 %). Almost 700k jobs were added in September alone
https://www.ncsl.org/research/labor-and-employment/national-employment-monthly-update.aspx
https://www.ncsl.org/research/labor-and-employment/national-employment-monthly-update.aspx
I've watched many videos in America showing their citizens belittling the pandemic, they don't wear mask or any protective gear and they are shouting their freedom. Here in my country? go out without face mask and you'll be fined as high as $2000.
In some countries, going out without a mask or a facial shield is a punishable offense. But in the US, it depends on the state government. The restrictions vary from state to state. The federal government hasn't imposed any nation-wide restriction upon now. So in a sense, what these people are doing is not an offense. In my country, it is mandatory to wear a mask while going out and I think that is the correct approach.
Unemployment rises from the increase in population. And when population increased there was more people and when more people realized they need to go to college there was a lot more colleges made and there was a lot more educated people. Now that means there is a lot more lawyers than needed, there are a lot more doctors than needed, there are a lot more engineers than needed, yet when you need someone to change the pumps in your house the number is pretty much the same, one or two in every neighborhood and that's it.
That is why I think there is unemployment, people are a lot more educated but there are not more jobs like there are more people, which caused a competition between these people and the ones that gets hired are getting hired for cheap labor as well since company could hire anyone they want so they could offer less wage as well.
That is why I think there is unemployment, people are a lot more educated but there are not more jobs like there are more people, which caused a competition between these people and the ones that gets hired are getting hired for cheap labor as well since company could hire anyone they want so they could offer less wage as well.
Increase in population can really affect the unemployment rate. As a matter of fact, population has an impact to economy, one good example of which are poverty and unemployment.
Rapid increase in population means there's a rise in labor force. Many people are going to look for a job. Some are qualified while others are not. Hence, leading to increase in unemployment rate of a country.
There are also cases that most people tend to accept below minimum wages because they're desperate to get a work to have an income to feed their families. There are also a lot of job mismatch happening all over the world. Many people happen to be on the same field, but no more positions are available, leading them to find another job even though it doesn't fit to their finished degree.
I think it's quite alarming especially now that we're in the midst of a pandemic. However, the state could always make a way to solve rise in unemployment little by little. They could make some kind of livelihood programs and open government works for those who are qualified and actively looking for a job.
I've watched many videos in America showing their citizens belittling the pandemic, they don't wear mask or any protective gear and they are shouting their freedom. Here in my country? go out without face mask and you'll be fined as high as $2000.
In some countries, going out without a mask or a facial shield is a punishable offense. But in the US, it depends on the state government. The restrictions vary from state to state. The federal government hasn't imposed any nation-wide restriction upon now. So in a sense, what these people are doing is not an offense. In my country, it is mandatory to wear a mask while going out and I think that is the correct approach.
Were in the middle of pandemix right now so it is very understandable to have unemployments specially those coming from different countries, its for the better because doing so can just spread the virus more and that will just make economy crumbles more so unemployment is one of things we need to do in order to lessen spread and being more caurious about the virus.
I've watched many videos in America showing their citizens belittling the pandemic, they don't wear mask or any protective gear and they are shouting their freedom. Here in my country? go out without face mask and you'll be fined as high as $2000.
In some countries, going out without a mask or a facial shield is a punishable offense. But in the US, it depends on the state government. The restrictions vary from state to state. The federal government hasn't imposed any nation-wide restriction upon now. So in a sense, what these people are doing is not an offense. In my country, it is mandatory to wear a mask while going out and I think that is the correct approach.
I know the economy of a country is very important and because of the crisis all the countries in the whole world face a huge loss in their economy and the biggest reason is the employment, as we all know many companies choose to close down and many overseas workers decide to go back in their home country and to lessen the spreading of the virus almost all countries decide to stop accepting workers from different countries.
Overseas workers need to go home because they have no choice to stay in their respective country of serving.the virus is spreading the world mate and that is common that the whole world is experiencing this same issue.
i hate this but happening so we need to be on that.
Let's face it until this virus is present and no vaccine has been invented the economy of all countries will not be the same and maybe become more worst especially for the people of those countries, so stay safe and live longer
let us face this but we need to comply to what government is telling us,this is the world when people needs to cooperate.
Only when the epidemic is completely pushed back will the US economy develop again. The US economy is driven by industry and services. As long as partner countries are also experiencing an epidemic, they cannot export to these countries. The industrial and service working environment require a large concentration of people, so it is easier to spread diseases. Recession will last until there is a vaccine for the world. The big economy has a more complicated way of doing things, the US is on a downtrend.
It's a pandemic, it's the whole world that's being affected by this virus. A little by little, some countries are opening their borders and making their economies lively again as they can no longer survive if they will continue to shut down their own economies through lockdowns. There is no choice but to reopen the businesses and get back in the schedule again. Those who have lost their jobs, if they can no longer go back to their employment, they have to look for a new one or get some side hustle.
The pandemic is still going on, and still nothing changes, given on the examples I've seen in the news on how most of the US citizens handles the pandemic,
I can say that it will still rise. They have their own name of freedom where they mostly don't care about the people around them, thus disregarding the use of face shield and face mask in public.
I've watched many videos in America showing their citizens belittling the pandemic, they don't wear mask or any protective gear and they are shouting their freedom. Here in my country? go out without face mask and you'll be fined as high as $2000.
I know the economy of a country is very important and because of the crisis all the countries in the whole world face a huge loss in their economy and the biggest reason is the employment, as we all know many companies choose to close down and many overseas workers decide to go back in their home country and to lessen the spreading of the virus almost all countries decide to stop accepting workers from different countries.
Let's face it until this virus is present and no vaccine has been invented the economy of all countries will not be the same and maybe become more worst especially for the people of those countries, so stay safe and live longer
Let's face it until this virus is present and no vaccine has been invented the economy of all countries will not be the same and maybe become more worst especially for the people of those countries, so stay safe and live longer
The pandemic is still going on, and still nothing changes, given on the examples I've seen in the news on how most of the US citizens handles the pandemic,
Quote
People in other countries overwhelmingly believe the U.S. has done a bad job dealing with COVID-19.
Quote
Most Americans say the U.S. response to the coronavirus outbreak has been less effective than that of other wealthy nations.
https://www.pewresearch.org/fact-tank/2020/09/21/americans-give-the-u-s-low-marks-for-its-handling-of-covid-19-and-so-do-people-in-other-countries/I can say that it will still rise. They have their own name of freedom where they mostly don't care about the people around them, thus disregarding the use of face shield and face mask in public. Also the fact that their leader believes in unimaginable measures to stop the spread of covid 19, and the undeniable support from his people do always amaze me.
Only the completion of vaccine will save their economy at this state that I am seeing.
Only when the epidemic is completely pushed back will the US economy develop again. The US economy is driven by industry and services. As long as partner countries are also experiencing an epidemic, they cannot export to these countries. The industrial and service working environment require a large concentration of people, so it is easier to spread diseases. Recession will last until there is a vaccine for the world. The big economy has a more complicated way of doing things, the US is on a downtrend.
It's a pandemic, it's the whole world that's being affected by this virus. A little by little, some countries are opening their borders and making their economies lively again as they can no longer survive if they will continue to shut down their own economies through lockdowns. There is no choice but to reopen the businesses and get back in the schedule again. Those who have lost their jobs, if they can no longer go back to their employment, they have to look for a new one or get some side hustle.You need to understand in the above comment that I only mentioned that America needs to export to its partners. So your comment was wrong with the topic I covered.
The rise of the unemployment rate within a country is really an alarming case/issue that reflects how the economy has been struggling because it is now failing to give out job opportunities for the people to keep them productive and being able to gain an income for their own. It is duly understandable that unemployment rate will rise up amid with the existence of pandemic because business establishments and other work places are undergoing cost cutting or lessening of excess loads and man power that cannot be covered due to the fact that many businesses are still into the process of recovery and having lots of workers will be a hassle for payment. Employment or sprouting of possible work opportunities are far beyond impossible to come by this time because of the pandemic and it is clearly not just US is experiencing that but as well as into the other countries that are stuggling and suffering all due because of the negative impact that this pandemic have brought.
Only when the epidemic is completely pushed back will the US economy develop again. The US economy is driven by industry and services. As long as partner countries are also experiencing an epidemic, they cannot export to these countries. The industrial and service working environment require a large concentration of people, so it is easier to spread diseases. Recession will last until there is a vaccine for the world. The big economy has a more complicated way of doing things, the US is on a downtrend.
It's a pandemic, it's the whole world that's being affected by this virus. A little by little, some countries are opening their borders and making their economies lively again as they can no longer survive if they will continue to shut down their own economies through lockdowns. There is no choice but to reopen the businesses and get back in the schedule again. Those who have lost their jobs, if they can no longer go back to their employment, they have to look for a new one or get some side hustle. 
There simply cant be same employment as before when virus is still circling in population. China that tackled virus in 3 months was able to get back fast and had fast recovery. Other countries that failed at tacking covid-19 will just have to wait for vaccine. Hopefully will be here a year from now if not we will see huge unemployment then.
Only when the epidemic is completely pushed back will the US economy develop again. The US economy is driven by industry and services. As long as partner countries are also experiencing an epidemic, they cannot export to these countries. The industrial and service working environment require a large concentration of people, so it is easier to spread diseases. Recession will last until there is a vaccine for the world. The big economy has a more complicated way of doing things, the US is on a downtrend.
Jump to: