Discover and read the best of Twitter Threads about #unemployment

Most recents (24)

Police claim “unlawful assembly” after killing 20 year old young black man, with his mom on the phone and his girlfriend beside him as they drove to visit his older brother and see his new home. Here is the PDF from the @aclu_mn re: protests. #BlackLivesMatter
Minneapolis police knew, or should have known, the killing of a young black man stopped in his vehicle, will result in protests. The police should have been prepared for protests and de-escalated it. Journalists have been reporting that police officers are quitting the “force”
because of fear of danger after the George Floyd trial outcome. Therefore, they knew of the repercussions of killing, wrongfully, a young black man. #EnoughIsEnough #StopSystemicRacism
Read 27 tweets
@DellAnnaLuca So you didn't research #UnemploymentDeaths from #COVID #LockDown

Mr "I make organizations antifragile • Principled management consultant • Complex systems #Researcher"

Got it

There's "throwaway" line in #TheBigShort

That was fact checked then & here

bbc.co.uk/programmes/p03…
@DellAnnaLuca Note that's for US based on pre mid 70s data & population

From which I've extrapolated figure of

Over 10,000 UK #LockDownDeaths

For EVERY %age point rise in unemployment

For EVERY year effects persist

Unemployment causes higher death rates - Yale

news.yale.edu/2002/05/23/ris…
@DellAnnaLuca NB also that some "researchers" argue that unemployment saves lives

On basis that work related transport commuting consumer delivery leisure & travel accidents & air pollution fall & rise with economy

#Lockdown Disaster Dwarfs #Covid_19 say SA Actuaries
businesslive.co.za/fm/features/20…
Read 20 tweets
🇺🇸#Jobsreport: An early blossom for employment

🟢Total +379k in Feb
💪Private +465k
Goods -48k
Services +513k
👎Gov -86k

🟡Revisions +38k
🛑Job loss relative to Feb'20: 9.5mn
🛑Share of #COVID19 loss regained only 58%

#Unemployment rate: 6.2% (-0.1pt)
LFP 61.4% (flat)
Many elements of positive news:

1. Upward revisions to Dec/Jan: +38k

2. The 3-month averages are perking up

Total +80k
Private +94k
Goods +7k
Services +87k
Gov -14k

3. Private payroll diffusion bounced to 57%
It's not just about being above the zero line, it's about ensuring a broad and inclusive labor market recovery
Read 14 tweets
#BREAKING
⭐CHINA SETS 2021 GDP GROWTH TARGET AT ABOVE 6%, AIMS TO ADD MORE THAN 11M URBAN JOBS IN 2021.
#China #NPC #两会 #Twosessions
CHINA TARGETS SURVEYED JOBLESS RATE AT 5.5% IN 2021, TARGET 2021 CPI GROWTH AT ABOUT 3%.
REITERATES MONETARY POLICY TO BE PRUDENT
#China #unemployment #CPI #twosessions2021
🇨🇳
CHINA PLANS 2021 BUDGET DEFICIT AT 3.2% OF GDP VS 3.6% A YEAR AGO.
#GDP #DEFICIT #China #NPC🇨🇳
Read 21 tweets
#UK's Sunak - OBR sees peak #unemployment rate of 6.5% (Nov forecast 7.5%); OBR sees UK #GDP returning to pre-crisis level in Q2 2022 (Nov forecast Q4 2022).
#UK Finance Minister Sunak: Introducing a new recovery loan scheme for businesses; retailers will receive up to 6,000 pounds per premises.
#UK 2021-22 budget deficit forecast at GBP 234b vs GBP 164.2b-BBG
Read 5 tweets
🚨*𝐍𝐈𝐄𝐒𝐑 𝐁𝐮𝐝𝐠𝐞𝐭 𝟐𝟎𝟐𝟏 𝐂𝐡𝐚𝐫𝐭𝐩𝐚𝐜𝐤* 🚨

All you need to know ahead of next week's #Budget in one... THREAD 👇

1/19
#CovidEconomics
#BudgetSpeech2021
#EconTwitter
The #Budget2021 comes at a critical time when the UK is in the middle of battling the #pandemic and the economy is substantially weakened with uneven effects at industry, household & region level.

Read the economic context to #Budget2021 here 👇

2/19
niesr.ac.uk/publications/u…
We project the UK economy to contract again in 2021Q1 due to the second wave and the winter #lockdown as well as the effects of post-#Brexit adjustment, bringing #GDP to some 11% below pre-#pandemic levels

3/19
Read 19 tweets
राज्य सभा में बजट पर चर्चा के दौरान @RJDforIndia सांसद @manojkjhadu ने गांव कनेक्शन द्वारा #lockdown में कराए गए सर्व की चर्चा की। उन्होंने कहा "शिक्षा, माइग्रेशन, मनरेगा, कृषि पर नीतियां बनाने से पहले सरकार को गांव कनेक्शन की रिपोर्ट पढ़नी चाहिए" #Thread
gaonconnection.com/desh/rjd-mp-ma…
राज्य सभा में जिस #GCRuralSurvey की चर्चा हुई,उससे जुड़ी विस्तृत जानकारी व खबरें यहां पढ़िए #Thread 2

हर 10 में से 9 व्यक्तियों ने कहा #lockdown में हुई आर्थिक तंगी, 23 फीसदी को खर्च चलाने के लिए लेना पड़ा कर्ज़

#Budget2021 #Economic crisis #RuralIndia
gaonconnection.com/read/89-percen…
वो कौन सा वर्ग था जिसका कामकाज #Covid_19 में सबसे ज्यादा प्रभावित हुआ? नौकरी पेशा को लगता है उसका नुकसान हुआ, व्यापारी को लगता है सबसे ज्यादा घाटा उसका हुआ, लेकिन देश का सबसे बड़ा ग्रामीण सर्वे क्या कहता है देखिए? #Thread 3
#GCRuralSurvey #lockdown
gaonconnection.com/gaon-connectio…
Read 6 tweets
🔎 'Corporate concentration in the US #food system makes food more expensive and less accessible for many Americans' 💵🌽🇺🇸

🗞️ Excellent new piece in the @ConversationUS by @hendricksonm & IPES-Food's own Phil Howard 👇🏾

Quick thread! 🧵/1

theconversation.com/corporate-conc…
"We’ve closely followed #corporate consolidation of food production, processing and distribution in the U.S. over the past 40 years. In our view, this process is making #food less available or affordable for many Americans," say Hendrickson & Howard. /2
"Consolidation has placed key decisions about our nation’s #foodsystem in the hands of a few large companies, giving them outsized influence to #lobby policymakers, direct food and industry #research and influence #media coverage." /3
Read 14 tweets
Daily Bookmarks to GAVNet 02/08/2021 greeneracresvaluenetwork.wordpress.com/2021/02/08/dai…
Gambling research: The 'fun' can stop with unemployment, ill-health and even death

medicalxpress.com/news/2021-02-g…

#death, #gambling, #unemployment
Boomers: A book event with Helen Andrews and Michael Dougherty | American Enterprise Institute - AEI

aei.org/events/boomers…

#boomers, #AEI, #book
Read 10 tweets
Daily Bookmarks to GAVNet 02/04/2021 greeneracresvaluenetwork.wordpress.com/2021/02/04/dai…
Thousands of Wild Bee Species Haven’t Been Seen Since 1990

smithsonianmag.com/smart-news/tho…

#bees
Read 10 tweets
Daily Bookmarks to GAVNet 01/24/2021 greeneracresvaluenetwork.wordpress.com/2021/01/24/dai…
On the Persistence of the Black-White Unemployment Gap

americanprogress.org/issues/economy…

#unemployment #inequality #SystemicRacism
How Do You Know If You’re Living Through the Death of an Empire? – Mother Jones

motherjones.com/media/2020/03/…

#history #empires #decline
Read 8 tweets
From #ClimateAction failure to monopoly in the tech world — the world needs to wake up to these global risks in 2021, says the @wef
businessinsider.in/international/…

By @SanchDash
@wef @SanchDash The World Economic Forum Global Risk Report cautions the world against the next imminent dangers. In 2020, the risk of a global #pandemic became reality, and the World Economic Forum (@wef) report has been warning the world about it since 2006.

#GlobalRisks
@wef @SanchDash The report called the human and economic cost of #COVID19 ‘severe’. While governments around the world have promised $12 trillion in stimulus, experts said that it shouldn’t be seen as a cost but as an investment for the future.

#GlobalRisks @wef
Read 13 tweets
One of India's money managers explained ‘the mother of all bull runs’ using @SrBachchan-starrer Amar, Akbar, Anthony

businessinsider.in/stock-market/n…

@NileshShah68 @KotakMF

By @jainrounak
@SrBachchan @NileshShah68 @KotakMF @jainrounak Indian benchmark stock indices have nearly doubled since crashing in March 2020. However, the economic situation might leave you confused if you compare it with the stock market performance.

@NileshShah68 @KotakMF #BudgetInsider
@SrBachchan @NileshShah68 @KotakMF @jainrounak But there is a reason why the #stockmarkets are on a bull run while the economy hasn’t picked up pace yet. Nilesh Shah, the managing director of Kotak Mahindra Asset Management company explains this phenomenon using a simple analogy.

@NileshShah68 @KotakMF #BudgetInsider
Read 8 tweets
2020 and
Thread

Welcome #2021NewYear is not only a new year but also we are going to enter a new decade 2021-2030.
A decade in which we will be completing studies , being settled , getting married, having kids .
Some will loose their favourite person .

Welcome 2021 live (1/8)
Everyday in hustle
Another year
Another struggle

More responsibilities
Life will be more tougher

But remember YOLO
Keep yourself occupied, give time to yourself and your family , nature , animals and our country .

Be a responsible citizen of society .

(3/8)
Peace ☮️ out ✌️ #2020IsOverParty
This year was very different for all generation
We never saw these things
#lockdown #coronavirus #protest #unemployment #Rammandir #CAA_NRC (just before 2020)

But lot of good things happened
Students got promoted
Adults got married
(4/8)
Read 9 tweets
📢 thread: 12 reasons to be cheerful about the UK #economy in 2021🎄

I know 2021 will be another tough year for many people and businesses, but I’m aiming here to provide some counterbalance to the more negative commentary you can easily find elsewhere...
1. The household sector (in aggregate) has built up substantial #savings during the pandemic that could be used to fuel a strong recovery in #consumer spending. Obviously, the distribution is uneven and much still depends on confidence. But…
2. Consumer ##confidence jumped by the most in eight years in December on the good news on the #vaccine. Even in November, households were the least pessimistic about #job security since March, despite the grim headlines...
Read 14 tweets
Graduates, take notes...

Do you know that your salary is an illusion?

Let me teach you some basic math: R350,000 a year. After taxes you only get about R287, 225. Minus 12% for pension, take home is R257 565. Image
If you are not staying at home, rent can be about R4500/month. #stayhome
If you don't have medical aid already, R1700 minimum less maybe for hospital cover only...

Your new cash flow is R257, 565−(R54, 000+R1, 700×12) = R183, 165. Image
Need a car? used car (preowned) with an average car payment of R3, 500 and your insurance about R1, 500 (if you have never been covered by car insurance this value can be quite high, first time driver. So many other reasons.).

Don't buy a car yet... Please... Image
Read 12 tweets
#Fed #FOMC statement largely unchanged

- NEW qualitative outcome-based forward guidance for QE program that links the horizon to max employment + price stability goals

- no change to composition or size of QE, but a floor of "at least" $120bn per month
The latest economic projections:

- Stronger near-term growth expectations
- Quite strong #GDP expectations for 2021
- Lower unemployment projections: below 4% in 2023
- #Inflation only a tad firmer: below 2% till 2023
- #Fed funds rate at zero through 2023
The #Fed's #GDP growth & #unemployment forecasts help explain why the Fed decided not to increase size or composition of QE.

They foresee rather strong growth in 2021 with a rapid decline in the unemployment. I wonder what their labor force participation rate assumptions are.
Read 5 tweets
🇺🇸 #Jobsreport +245k in Nov 👎

- Private +344k
- Goods +55k
- Services +289k
- Gov -99k w/ -93k #Census

- Job loss since Feb: 9.8mn☹️
- Share of #COVID19 loss regained: 56%

- #Unemployment rate: 6.7% (-0.2pt)
- LFP 61.5% (-0.2pt)👎
- Share LT unemployed (>27wks): 37%🚨
The "ok" news was that private payrolls +344k

- #transportation +145k led by +82k couriers!
- professional & biz services +60k
- #healthcare +60k
- #manufacturing +27k
- #construction +27k
The bad news:

- #Retail -35k with losses at brick & mortar stores
- Education -6k
- Restaurants -17k
> this could worsen in the winter given rising #COVID19

- Government employment -99k
- Census -93k
- State employment flat
- Local employment -13k
> Education jobs ⬇️
Read 11 tweets
FWIW, I’ve been comparing my UK economic forecasts with those of the #OBR. There is a much more positive story than the Chancellor told in Wednesday’s #SpendingReview #SR20 📢

Let’s start with the near-term outlook… (1/8)
The #OBR assumes that the economic impact of #lockdown2 will be ‘three-fifths’ that seen during the first lockdown, when #GDP fell by 25% in March and April. This means that lockdown2 would take the level of #GDP back to 15% below its pre-Covid peak… (2/8)
Given that #GDP was 8.2% lower in September than February, and assuming little change in October, this is consistent with a fall of around 7% m/m in November, which is what’s in the #OBR’s ‘central forecast’. This seems about right to me... (3/8)
Read 8 tweets
Daily Bookmarks to GAVNet 11/24/2020 greeneracresvaluenetwork.wordpress.com/2020/11/24/dai…
California Exodus: An online industry seizes COVID-19 to sell the Red State Dream

calmatters.org/economy/2020/0…

#california #COVID19 #emigration
The Comparative Impact of Cash Transfers and a Psychotherapy Program on Psychological and Economic Well-being

nber.org/papers/w28106

#EconomicWellBeing #QualityOfLife #CashTransfers #psychotherapy
Read 8 tweets
THREAD: When it comes to political appointees, the Trump admin has 1 standard: personal loyalty to the president. In typical norm breaking fashion, applicants for political positions have been asked to their describe public commentary on Mr. Trump

1/8
Political appointees are also subject to “reinterviews” to further test their loyalty. Those who fail to advance Trump’s agenda are swiftly removed. At RDP we are wary of these lasting appointees who have survived the admin’s loyalty tests.

2/8
While the vast majority of Trump’s loyalists will step down on Biden’s inauguration day, a small but powerful group will not. These appointees could sabotage a federal government that works in the public’s interest.

3/8
Read 8 tweets
Daily Bookmarks to GAVNet 11/20/2020 greeneracresvaluenetwork.wordpress.com/2020/11/20/dai…
Universal basic income helped Kenyans weather COVID-19 - but it’s not a silver bullet

theconversation.com/universal-basi…

#UniversalBasicIncome #kenya #PandemicResponse #COVID19
Amazon Pharmacy is a thing because we live in hell

mic.com/p/amazon-pharm…

#amazon #DrugCosts #MedicalCosts #healthcare #capitalism
Read 8 tweets
𝗗𝗢𝗡𝗔𝗟𝗗 𝗧𝗥𝗨𝗠𝗣👦

𝗩𝗦

𝗝𝗢𝗘 𝗕𝗜𝗗𝗘𝗡👨

𝗜𝗦𝗦𝗨𝗘𝗦 𝗧𝗛𝗔𝗧 𝗪𝗜𝗟𝗟 𝗖𝗢𝗡𝗖𝗘𝗥𝗡 𝗜𝗡𝗗𝗜𝗔🇮🇳 𝗔𝗡𝗗 𝗜𝗡𝗗𝗜𝗔𝗡 𝗔𝗠𝗘𝗥𝗜𝗖𝗔𝗡𝗦🇺🇸🇮🇳

Who's up for the learning?👇👇

@dmuthuk @shl
@SahilBloom @FinKrypt @FinMedium @Sanjay__Bakshi @DividendGrowth @vedantm_ Image
ON FOREIGN POLICY --

TRUMP 👦

Considers China a "foe" and "adversary". Trump's attitude towards the Chinese government may help India if things turn sour between New Delhi and Beijing

#USAElections2020 #USElection #TrumpIsALaughingStock #TrumpCollapse @GabbbarSingh Image
BIDEN 👨

Considers China to only be a fierce competitor. and strives to bring down unnecessary tension between the governments

#Biden #Biden2020 #BidenHarrisToSaveAmerica #Michigan
Read 18 tweets

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