Home › Aggregated › Worst Monthly Job Report in US History Marks Official Opening of the Trump Depression, with U-3 Unemployment Rate of 14.7%; In Attached Note, Labor Department Concedes That Real Jobless Rate Is Nearly 20%, as Forecast Here; Bureau of Labor Statistics Must Count Those Temporarily Laid Off and Discouraged Workers Who Want to Work but Have Given Up in Despair; Add in Also an Estimated 10 Million Trying to Register with State Unemployment Offices, with 1 Million of These in Florida Alone; Current Collapse Is Faster Than Job Loss After Great Crash of October 1929; Shadow Government Statistics Estimates Actual Jobless at 35.7%

Worst Monthly Job Report in US History Marks Official Opening of the Trump Depression, with U-3 Unemployment Rate of 14.7%; In Attached Note, Labor Department Concedes That Real Jobless Rate Is Nearly 20%, as Forecast Here; Bureau of Labor Statistics Must Count Those Temporarily Laid Off and Discouraged Workers Who Want to Work but Have Given Up in Despair; Add in Also an Estimated 10 Million Trying to Register with State Unemployment Offices, with 1 Million of These in Florida Alone; Current Collapse Is Faster Than Job Loss After Great Crash of October 1929; Shadow Government Statistics Estimates Actual Jobless at 35.7%

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Financial Crisis Started Long Before Covid Virus in Mid-September 2019, When Fed Started Pumping Trillions into Collapsing New York Repo Market; from That Moment, Trump Bubble Was Headed to Short-Term Deflation Solution Is Full Panoply of New Deal Economics, with WPA/PWA Program of Massive Job Creation Paid for by 1% Wall Street Sales Tax and […]

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