Jan 8, 2021

COVID-19 Update

World
  • New Cases:   832,934 (⬆︎ .95%) 💥  New Record!!
  • New Deaths:    14,771 (⬆︎ .78%)
USA
  • New Cases:   279,154 (⬆︎ 1.28%) 💥  New Record!!
  • New Deaths:      4,207 (⬆︎ 1.56%) 💥  New Record!!
It seems the Christmas Surge has arrived. And the New Year's Surge should be right on its heels.

The weekend slump (assuming there'll be one) might give us a hint as to what we can expect in the next month or so.




From early in March, everyone knew the pandemic would be a big influence on All Things Political in 2020, and had the potential to end up driving the whole fuckin' show - everyone except President Stoopid.

The guy was so caught up - and is still caught up - in his little Game Show Fantasies that he believes he can bend the real world to fit whatever twisted script he pulls out of his ass on any given day.

If he had played it straight and followed Fauci's advice, we'd be looking down the barrel of Qult45, Part Zwei.

But everything Trump touches dies. He is the diametrical opposite of the god-king his devotees need him to be.

He doesn't make anything better. He doesn't have any kind of healing touch - he breathes attrition and entropy and putrefaction into everything and everyone.


The economy lost 140,000 jobs in December
President Trump will leave office with one of the highest levels of job loss for any president in decades


The U.S. economy shed 140,000 jobs in December — the first month of decline since the earliest months of the pandemic, as the recovery makes a U-turn after months of surging infections and delayed Congressional action.



The unemployment rate stayed level at 6.7 percent.

The report showed the havoc that the pandemic continues to wreak on the economy as the country struggles to control the level of infections: employment in leisure and hospitality industries declined by 498,000, the majority of that at restaurants, bars and other food service establishments.

Employment in another tourism-related category, amusements, gambling, and recreation, fell by 92,000. Government employed declined by 42,000. These declines offset modest gains in other sectors, like professional and business services, retail and construction.

The data, released by the Bureau of Labor Statistics on Friday morning, points to the significant economic challenges facing President-elect Joe Biden as he inherits one of the weakest labor markets in years from President Trump, with the end of the pandemic still out of sight and political crisis subsuming Washington yet again.

Trump will leave office with one of the worst performances on jobs of any president in decades
; the economy shed 22 million jobs between February and April with the onset of the pandemic and has regained just over half. Low-wage jobs have been the most hard-hit.

Even at slow levels of growth, it could take years for the United States to return to the levels of employment it enjoyed before the pandemic.

Economists have been warning about the potential for the labor market to go south since the summer, but the economy had continued to add jobs, albeit at an increasingly slowing pace, since April.



No comments:

Post a Comment