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How to change street in the Job Report 2020

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NORDISK OVERTAKES THE MARKET. MARKET REACTION TO THE JOBS NUMBER, NOT JUST THE HEADLINE AND THE UNEMPLOYMENT AT 3.9 BUT REVISIONS TAKING ABOUT A THIRD AWAY THE LAST COUPLE OF MONTHS. I THINK THOSE OF US WHO ARE USED TO THE PRECISION OF ARTIFICIAL INTELLIGENCE AND GENERATIVE A.I. ARE JUST IN SHOCK THAT THERE COULD BE A NUMBER THATS THIS FAR OFF. THIS IS THE KIND OF THING THAT JENSEN HUANG COULD SOLVE WITH HIS EYES CLOSED. WHY ITS SO IMPORTANT, THIS TAKES AWAY WHAT WAS THE HOT NUMBER THAT MADE US A GREAT THREAT AND TOOK AWAY A SPRING RATE CUT. 3.9. WE KNOW THEY REMIND ME OF THE DOW JONES AVERAGE. VERY INTERESTING HEADLINE, BUT ITS NOT REALLY WHATS AT THE GUTS OF THIS, BUT IN A POLITICAL YEAR, WHAT THAT SAYS IS, HEY, LOOK, THE ECONOMY IS SLOWING AND MAYBE THE FED SHOULD HAVE PRESSURE ON IT ESPECIALLY SINCE THE STATE OF THE UNION WHICH WAS ABOUT WALKING THE PICKET LINE. ISNT THIS A GOOD NUMBER FROM THE MARKETS PERSPECTIVE AND THE ECONOMYS, ALMOST A D

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What is the highest unemployment rate in US history?

The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression.

How did Covid 19 affect the unemployment rate in the United States?

The unemployment rate peaked at an unprecedented level, not seen since data collection started in 1948, in April 2020 (14.8%) before declining to a still- elevated level in February 2021 (6.2%) relative to February 2020 (3.5%).

What was the impact of Covid 19 on the USAs labor force in 2020?

The recession induced by the coronavirus disease 2019 (COVID-19) pandemic resulted in steep job losses, pushed the unemployment rate to a high of 13.0 percent in the second quarter of 2020, and caused many people to leave the labor force.

What causes the unemployment rate to increase?

There are many reasons for unemployment. These include recessions, depressions, technological improvements, job outsourcing, and voluntarily leaving one job to find another.

How do you interpret the Jolts report?

Using JOLTS To Measure Labor Market Tightness This measure divides the number of vacancies (provided in the JOLTS) by the number of unemployed workers. If the ratio is 2-to-1, this means there are two vacancies for every unemployed worker.

How has COVID-19 affected the US workforce?

Projections run through February 2023. Do the math, and 315 million to 1.05 billion worker days were likely lost to COVID-19 last year, equivalent to 1.3 million to 4.3 million workers dropping out of the workforce for the full year. Assuming that the average full-time employee works 240 days per year.

What does the new jobs report mean?

Published by the Bureau of Labor Statistics (BLS) at 8:30 am ET on the first Friday of each month, the jobs report, aka the Employment Situation Summary, is an estimate of: The total number of workers in the U.S. (minus farm jobs) Their average hourly earnings. The number of hours worked weekly.

How has COVID-19 affected the economy in the US?

The toll we estimate that it took on the nations gross domestic product is twice the size of that of the Great Recession of 2007-2009. Its 20 times greater than the economic costs of the 9/11 terrorist attacks and 40 times greater than the toll of any other disaster to befall the U.S. in the 21st century to date.

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