Tag: NEW ZEALAND

Art of the Comeback? Record 2.5 Million Jobs Added! Unemployment Falls to 13.3%

TOPSHOT - US President Donald Trump speaks during a 'Evangelicals for Trump' campaign event held at the King Jesus International Ministry on January 03, 2020 in Miami, Florida. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

By

JOHN CARNEY

The unemployment rate fell to 13.3 percent and payrolls unexpectedly rose by 2.5 million workers as the easing of restrictions on business activity and government aid led to new hiring in May.

The U.S. unemployment rate fell below last month’s record-high 14.7 percent, which was the highest on record in data going back to 1948. Economists estimate that the unemployment rate reached 25 percent during the Great Depression, although that predated the scientific economy-wide record keeping the government now deploys.

The job gains mark a sudden turnaround from a month earlier, when the economy shed a staggering 20.5 million jobs, by far the worst monthly decline on records back to 1939.

Economists had expected the unemployment rate to rise to nearly 20 percent and the economy to shed an additional 8 million jobs.

The mandatory closures of many businesses and stay-at-home orders slammed what had been a very healthy labor market hard. The economy added jobs for 113 straight weeks through February, a record streak of growth. The unemployment rate was 3.5 percent in February. And yet job creation was running very hot, with the economy adding an average of 211,000 new jobs each month.

The government has undertaken unprecedented efforts to support employment and provide aid to those who have lost their jobs. Around 150 million taxpayers received stimulus payments of up to $1200 for adults in their household plus additional amounts for children. The Treasury’s Paycheck Protection Program is backing $669 billion of loans to small businesses that can be forgiven if borrowers do not lay off workers. The federal government has been providing an additional $600 on top of state unemployment benefits, paying some Americans more than they earned on the job.

Recent data suggest the labor market has been stabilizing and is now improving. The number of people applying for unemployment benefits has declined every week since hitting a record high 6.8 million in March. Last week, this number fell to around 1.8 million. Over 40 million new claims have been made for unemployment since the wave but ongoing claims are just over 20 million, indicating many Americans have been rehired after losing jobs.

In May, employment in leisure and hospitality jumped by 1.2 million after falling by 7.5 million in April and 743,000 in March. Bars and restaurants hired an additional 1.4 million workers following a combined 6.1 million in job losses in April and March.

Construction employment jumped by 464,000 in May, gaining back almost half of April’s decline.

Dentist offices added 245,000 jobs. Health care employment overall rose by 312,00.

Retail shops added  368,000 jobs in May, after a loss of 2.3 million inApril. Over-the-month job gains occurred in clothing and clothing accessories stores were 95,000. Auto dealers added 85,000. General merchandise stores added 84,000.

Manufacturers added 225,000 jobs, about evenly split between the durable and nondurable goods components. Twenty-eight thousand of those were in auto making plants.

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RIOTS – ISIS Celebrates BLM Protests in Hope They Will “Weaken” the West

Terror group welcomes riots in “infidel” countries.

By – 6/5/2020

Terror group ISIS has celebrated Black Lives Matter protests and riots taking place in multiple major cities, gleefully hoping that they will serve to “weaken” the west.

Numerous major American cities have been rocked by civil unrest over the past 10 days, with the riots claiming 17 lives. Other cities in Europe, Canada and Australia have also been hit with violent protests.

This has greatly pleased the Islamic State, which welcomed the riots in the latest edition of its al-Naba newspaper.

“ISIS has commented for the first time on the protests across the US over the death of George Floyd,” commented jihad specialist Mina Al-Lami. “In its paper al-Naba, IS said the civil unrest must not be seen as a problem for the US alone, and that other “infidel” countries should brace themselves for the repercussions.”

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“It compared the potential spread of the unrest across Western countries to the spread of Covid-19 in the West. IS gleefully reported on the protests, hoping that together with coronavirus they would weaken the West and “distract” its countries from “meddling” in Muslim affairs,” she added.

Given that many of the protesters share ISIS’s goal of collapsing the west, it’s unsurprising that the terror group and the hard left demonstrators are on common ground.

Indeed, the vision is so similar that ISIS once even suggested recruiting and arming anti-American protesters to turn them into jihadists.

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Wokevirus

By Paul Joseph Watson – 6/4/2020

Funerals, weddings, pubs, other peaceful gatherings did not fit into the agenda. Agenda is “order out of chaos”.

 

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CNN: White Children ‘Don’t Deserve Innocence’

Talking head decrees that white children should be indoctrinated to feel guilt about their skin color.

By Steve Watson – 6/4/2020

CNN gave airtime to an ‘anti-racist activist’ who suggested that white children should not be allowed to have an ‘innocent’ childhood, but rather be made to feel guilty about their ‘white privilege’ at an early age.

CNN host Poppy Harlow cited a letter sent to her from a school directing white parents how to teach their kids about their ‘white privilege’, and asked Tim Wise “When should parents do this with their kids and how?”

Wise responded that it should be at as young an age as possible, and that white kids need to be repeatedly told they are over privileged in order to sufficiently indoctrinate them.

https://www.mrctv.org/videos/anti-racism-activist-cnn-white-kids-dont-deserve-innocence

https://www.mrctv.org/embed/550650

 

read more at NewsBusters here

Leftists have found a way around taking responsibility for their own racism; they just disguise themselves as “anti-racist activists,” and the media rushes to promote their bigoted statements and ideologies. On CNN Newsroom this morning, one such activist, author Tim Wise, told the friendly CNN panel that to be a proper “anti-racist” ally, white parents need to take away their child’s innocence by teaching them about their white privilege and police brutality, at a young age.

 

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“Wealth Transfer Is Exactly What’s Needed” – BET Founder Calls for $14 Trillion in Reparations to 42 Million African American Including a $350,767 One-Time Payment

By Jim Hoft – 6/3/2020

BET Founder Bob Johnson called today for a $14.7 Trillion reparations package for 42 million African Americans.

Johnson’s plan will offer a $350,767 one time cash payment to every African American in the US today who are descendants of of slaves.

Johnson says now is the time to go big with his $14 trillion plan.

Johnson says the big leap will solve the problems today in the black community.

Johnson says the $14 trillion will come from redistribution, “Wealth transfer is exactly what’s needed.” 

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Philadelphia Gun Store Owner Shoots and Kills Looter In Attempted Break-In

He says the man had tried to break into his store on three straight nights.

By – 6/3/2020

A South Philadelphia gun store owner shot and killed a man who had broke into his store early Tuesday morning.

He’s recounting seeing three men using bolt cutters to cut through the padlock locking the fence to the building containing Firing Line Inc. on surveillance camera. After the three men broke into a back window and entered the first floor of the building, the store’s 67-year owner retrieved his Bushmaster M4 AR 15-style rifle, later firing one shot at the group of three men when they made their way upstairs. The store’s owner had realized that the burglars were armed, and fired at the men.

One looter was killed from the shot, and the other two fled.

Philadelphia Police Inspector Scott Smalls is describing the incident as a clear cut example of self defense. After questioning of the gun store owner and review of surveillance camera footage, he won’t face any criminal charges for defending his shop.

 

 

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