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The Bob Cesca Podcast: President Shart

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lawhawk6/05/2020 7:04:12 am PDT

re: #363 b.d. (Follow science, survive and vote!)

If it is your job to estimate job numbers how do you miss it by 15 MILLION people!?!?

LOL, I am happy for the news and hope the country is on the right track. Fingers crossed.

Pandemics are unprecedented events, and the depth of the collapse misses lots of jobs, and even this figure is questionable based on the data provided.

Wolfers got it - this isn’t so much jobs recovered as adjusting the downward spiral so it is marginally better than the historically awful figures (which are still historically awful).

There’s a reason the CBO warns it’ll take a decade for the economy to recover.

Millions of businesses will not recover from this. That’s millions of jobs that aren’t coming back, even with a stimulus package (or 4).