JPMorgan Sees Little Sign of Workforce Gain After Benefits Cut

[MrTop]

In U.S. states where governors have prematurely ended supplemental unemployment insurance programs, there’s little indication that cutting off the benefits has improved the labor markets in those states.




of course it won't change the job situation taking the 300 away... If the person does not have a job he / she will always keep looking.. $300 is the gross amount. Fox news will always tell you something else to get viewers. The banks know more. They see transactions and credit / cash.

Most people do not know Amazon is 30% small business. If dunkin donuts is at $15 per hour just about anyone can go to $12-15. Not $7 per hour. You will get workers with more money. Look how pro sports works.. same way.. If you ever owned a business you would know, it is not 1995 wages anymore.

 

[MonkeyF0cker]

I own a small business and that's laughable.

The unemployment rate has been increasing nationwide (rather than decreasing as it should during a recovery) and the states that ended unemployment benefits were all red states with most of them having small populations. Those states also were not enacting harsh COVID-19 protocols. So their unemployment rates were already well ahead of the states that continued with the enhanced unemployment benefits. They don't have nearly as much economic recovery to undergo.

There's a reason why big corporations like Morgan Stanley and JP Morgan always come out to bat for liberal policies. They don't give a flying fuck about the economy. They make money no matter which way it goes. They only care about burying their competition and cementing their positions of power in place.

 

[MrTop]

I own a small business and that's laughable.

The unemployment rate has been increasing nationwide (rather than decreasing as it should during a recovery) and the states that ended unemployment benefits were all red states with most of them having small populations. Those states also were not enacting harsh COVID-19 protocols. So their unemployment rates were already well ahead of the states that continued with the enhanced unemployment benefits. They don't have nearly as much economic recovery to undergo.

There's a reason why big corporations like Morgan Stanley and JP Morgan always come out to bat for liberal policies. They don't give a flying fuck about the economy. They make money no matter which way it goes. They only care about burying their competition and cementing their positions of power in place.

they do side liberal policies i agree but when it comes to the economy the banks know more than news channels along with the economy runs on transactions. The more transactions the banks make more. Which drives up inflation. People did not spend for a while so there is extra savings. Wait till it runs out. Then uttt ohhhhh!!!




Banks are shutting down overall... they are getting out of the real estate business. Retail is going out. Everything will be going online including loans small and big. I read wells fargo is going that way now. They are pushing everything online direction. Massive take overs coming ... why did walmart go to finance ???

 

[FairWarning]

MF’s small business is far more important to the health of our economy than a national Dunkin Donuts. Businesses like his are getting crushed with the labor shortage. Most of my accounts are businesses like his and it’s ugly for them.

 

[mr merlin]

The words they use show their bias. Premature - implies an abrupt, reckless act - it was not, it was a reasoned decision. Then they say "little indication" , what's that? Is there any indication, if so how much? Also many of these states ended them at the end of june or even the end of july, so there hasn't been enough time to really conclude anything.

Anyone who cares about the labor market would realize an extra $300/week would stifle any return to the workforce, JP Morgan has just been exposed, from now on everything they say about anything is suspect.

Right now the US is in a situation where every level of Govt, business and media lies about everything, and most importantly people know it - we're not being fooled. How do you think this will turn out?

We cant trust what the govt tells us, we cant trust what health official recommend, we cant trust what major business and even the fed tell us, and of course the media is the worst of all, quite the recipe for success as a nation.

 

[MrTop]

The words they use show their bias. Premature - implies an abrupt, reckless act - it was not, it was a reasoned decision. Then they say "little indication" , what's that? Is there any indication, if so how much? Also many of these states ended them at the end of june or even the end of july, so there hasn't been enough time to really conclude anything.

Anyone who cares about the labor market would realize an extra $300/week would stifle any return to the workforce, JP Morgan has just been exposed, from now on everything they say about anything is suspect.

Right now the US is in a situation where every level of Govt, business and media lies about everything, and most importantly people know it - we're not being fooled. How do you think this will turn out?

We cant trust what the govt tells us, we cant trust what health official recommend, we cant trust what major business and even the fed tell us, and of course the media is the worst of all, quite the recipe for success as a nation.

what do you think would happen when the $300 is gone ? you will see... in a couple of months...i will save this post of yours.. unemployment will stay the same people make nothing at bars . They are underpaid. they cannot make full scale unemployment.

 

[MrTop]

MF’s small business is far more important to the health of our economy than a national Dunkin Donuts. Businesses like his are getting crushed with the labor shortage. Most of my accounts are businesses like his and it’s ugly for them.

FW a person does not make anything on unemployment. Not with todays prices. A small business like a bar has to change their model/ business or go out of business if they are not making it. Nobody wants to go down in wages. Nobody is moving to nevada to make $7 per hour. Not when milk is $3 for a half a gallon.....Businesses are moving back to the USA from china ..workers will always take the higher paid job.. Would you take less to work ?

 

[mr merlin]

what do you think would happen when the $300 is gone ? you will see... in a couple of months...i will save this post of yours.. unemployment will stay the same people make nothing at bars . They are underpaid. they cannot make full scale unemployment.

What's going to happen is the majority will get jobs again, perhaps a 3rd of the laziest will continue on their basic benefit until it runs out.

It's already happening in the states that cut it, business's report people are starting to apply again, I dont blame some sap that works as a dishwasher, etc for staying home and making way more than when working his ass off one bit. But those days are coming to an end.

it's already mid july, it's ending for everyone in only 2 more months you know.

 

[MrTop]

What's going to happen is the majority will get jobs again, perhaps a 3rd of the laziest will continue on their basic benefit until it runs out.

It's already happening in the states that cut it, business's report people are starting to apply again, I dont blame some sap that works as a dishwasher, etc for staying home and making way more than when working his ass off one bit. But those days are coming to an end.

it's already mid july, it's ending for everyone in only 2 more months you know.

that is not how unemployment works.. if you do not make top scale you don't make much unemployment. A dish washer is not making much unemployment. Those businesses will have to raise their wages or go out of business.

 

[MonkeyF0cker]

that is not how unemployment works.. if you do not make top scale you don't make much unemployment. A dish washer is not making much unemployment. Those businesses will have to raise their wages or go out of business.

Huh? They're getting an EXTRA $300/week in unemployment right now. That alone is $7.50/hr if someone was working 40 hours per week. Plus what they'd normally get. For sitting on their ass.

Unemployment is capped in every state. In most states, the people who make $45k/year get the same unemployment benefits as someone making $1 million+.

What in the world are you talking about?

 

[MrTop]

small Business Trips Are Coming Back Faster Than Expected in the U.S.​

 

[MrTop]

flights are up 519% to vegas

 

[MrTop]

Huh? They're getting an EXTRA $300/week in unemployment right now. That alone is $7.50/hr if someone was working 40 hours per week. Plus what they'd normally get. For sitting on their ass.

Unemployment is capped in every state. In most states, the people who make $45k/year get the same unemployment benefits as someone making $1 million+.

What in the world are you talking about?

unemployment is not the same in every state dufus

[TABLE]

State

Unemployment Rate (%)

Max. Weeks of Benefits

Max. Weekly Benefits

Max. Dearness Allowance

Min.
Weekly Benefits

Alabama

3.6

26

$275

N/A

$45

Alaska

6.7

26

$370

$72

$56

Arizona

6.7

20

$240

N/A

$187

Arkansas

4.4

16

$451

N/A

$81

California

8.3

26

$450

N/A

$50

Colorado

6.4

26

$649

N/A

N/A

Connecticut

8.1

26

$667

$75

$75

Delaware

6.4

26

$400

N/A

$20

Florida

4.8

12

$275

N/A

N/A

Georgia

4.3

20

$365

N/A

$55

Hawaii

8.5

26

$648

N/A

$5

Idaho

3.1

20

$414

N/A

N/A

Illinois

7.1

26

$505

$178

N/A

Indiana

3.9

26

$390

N/A

$50

Iowa

3.8

26

$493

$106

$73

Kansas

3.5

26

$488

N/A

$122

Kentucky

4.7

26

$560

N/A

$39

Louisiana

7.3

26

$247

N/A

$101

Maine

4.8

26

$462 (till May 31,2021)

$215

N/A

Maryland

6.2

26

$430

N/A

$50

Massachusetts

6.5

30

$855

$397

N/A

Michigan

4.9

20

$362

$209

$209

Minnesota

4.1

26

$762

N/A

N/A

Mississippi

6.2

26

$235

N/A

$30

Missouri

4.1

20

$320

N/A

N/A

Montana

3.7

28

$552

N/A

$163

Nebraska

2.8

26

$440

N/A

N/A

Nevada

8.0

26

$469

N/A

N/A

New Hampshire

2.8

26

$427

N/A

$32

New Jersey

7.5

26

$713

N/A

N/A

New Mexico

8.2

26

$484

$50

$90

New York

8.2

26

$504

N/A

$172

North Carolina

5.0

20

$350

$50

$50

North Dakota

4.2

26

$618

N/A

N/A

Ohio

4.7

26

$480

$155

$140

Oklahoma

4.3

26

$520

N/A

N/A

Oregon

6.0

26

$648

N/A

$151

Pennsylvania

7.4

26

$572

$8

$8

Rhode Island

6.3

26

$599

$144

$59

South Carolina

5.0

20

$326

N/A

$42

South Dakota

2.8

26

$428

N/A

$28

Tennessee

5.0

26

$275

N/A

N/A

Texas

6.7

26

$535

N/A

$70

Utah

2.8

26

$560

N/A

N/A

Vermont

2.9

26

$513

N/A

N/A

Virginia

4.7

26

$378

N/A

$60

Washington DC

7.5

26

$444

N/A

N/A

Washington

6.1

26

$844

N/A

$201

West Virginia

5.8

26

$424

N/A

$24

Wisconsin

3.0

26

$370

N/A

$54

Wyoming

5.4

26

$508

N/A

$36

[/TABLE]​

 

[MrTop]

unemployment is not the same in every state...what are you talking about

 

[MrTop]

Unemployment Benefits Comparison By State​

The Unemployment Insurance (UI) benefits are given to those who have lost their jobs through no fault of their own. Though the U.S. Department Of Labor oversees the UI program and ensures compliance within each state, the state governments administer and determine the eligibility criteria, benefit amount and duration.

 

[MonkeyF0cker]

Try reading what I said, moron.

 

[MonkeyF0cker]

Huh? They're getting an EXTRA $300/week in unemployment right now. That alone is $7.50/hr if someone was working 40 hours per week. Plus what they'd normally get. For sitting on their ass.

Unemployment is capped in every state. In most states, the people who make $45k/year get the same unemployment benefits as someone making $1 million+.

What in the world are you talking about?

 

[MrTop]

time to raise the wages. Look at the price for a coke and 3 dumplings at resorts


$21

 

[MonkeyF0cker]

People working minimum wage jobs have never, in the history of the country, been able to afford lavish vacations. Were you born yesterday?

Dishwashing is not a career. It never has been and never will be.

If you're an adult working a job as a dishwasher as your main source of income, figure out where the fuck you went wrong and fix it. Because it's nobody's fault but your own.

 

[MrTop]

republicans wanted to get out of the Vietnam war with china's help... In turn china would get american business..that is what nixon and kissinger wanted... now the jobs are coming back

time to raise the wages... not 1970's anymore.

USA is back. Joe leading the way.

 

[mr merlin]

that is not how unemployment works.. if you do not make top scale you don't make much unemployment. A dish washer is not making much unemployment. Those businesses will have to raise their wages or go out of business.

of course unemploymernt pays less than working, it's designed to be a safety net for the unemployed, not a wage replacement mechanism.

 

[FairWarning]

FW a person does not make anything on unemployment. Not with todays prices. A small business like a bar has to change their model/ business or go out of business if they are not making it. Nobody wants to go down in wages. Nobody is moving to nevada to make $7 per hour. Not when milk is $3 for a half a gallon.....Businesses are moving back to the USA from china ..workers will always take the higher paid job.. Would you take less to work ?

is the $7/hour a job that allows tips also?

 

[MrTop]

is the $7/hour a job that allows tips also?

bars were less than minimum then they got tips. That could of changed. The unemployment would not be max. What it comes down to is the 300 dollars people are getting is not hurting the economy. The economy is out of sync right now. Many businesses changed. The economy is a step under before the flu started. China has changed the US economy more than anything. More jobs coming back. Just look at apples chip factory in phoenix costs 12 billion..The trade deals are still in place and not going away no matter who the president is. Nobody will take less money when milk is $3 for a half gallon

 

[FairWarning]

bars were less than minimum then they got tips. That could of changed. The unemployment would not be max. What it comes down to is the 300 dollars people are getting is not hurting the economy. The economy is out of sync right now. Many businesses changed. The economy is a step under before the flu started. China has changed the US economy more than anything. More jobs coming back. Just look at apples chip factory in phoenix costs 12 billion..The trade deals are still in place and not going away no matter who the president is. Nobody will take less money when milk is $3 for a half gallon

There is a min wage for tipped employees also, cannot recall what it is offhand ($3-3,50 in Mich maybe). That is what the big chains like Buffalo Wild Wings pay. On a good sports weekend, the staff usually names $2-300 in tips). The independents have to pay closer to $10 for a bartender.

I’m not sure the left realizes that the higher the min is, the more goods are rising also. You will not have any purchasing power, no matter where you set the wage at. Raise it to $15/hour, what happens to the people who were making $15/hour before? Do you raise their pay also? People talk about the big companies and min wage, it’s the little guy who loses out here. They cannot get pricing to remain competitive.

 

[MrTop]

There is a min wage for tipped employees also, cannot recall what it is offhand ($3-3,50 in Mich maybe). That is what the big chains like Buffalo Wild Wings pay. On a good sports weekend, the staff usually names $2-300 in tips). The independents have to pay closer to $10 for a bartender.

I’m not sure the left realizes that the higher the min is, the more goods are rising also. You will not have any purchasing power, no matter where you set the wage at. Raise it to $15/hour, what happens to the people who were making $15/hour before? Do you raise their pay also? People talk about the big companies and min wage, it’s the little guy who loses out here. They cannot get pricing to remain competitive.

there won't be any tips that are not recorded in a few years. it is all going digital. When the digital coins come out the IRS will know everything. Retail banks will be closing. Actually they have already started closing across the world. All loans will be handled online....checking accounts closed. Underground money will be gone.

 

[mr merlin]

there won't be any tips that are not recorded in a few years. it is all going digital. When the digital coins come out the IRS will know everything. Retail banks will be closing. Actually they have already started closing across the world. All loans will be handled online....checking accounts closed. Underground money will be gone.

You people have lots of plans for the world huh?

The reality is society is devolving into anarchy. LOL.

 

[MrTop]

There is a min wage for tipped employees also, cannot recall what it is offhand ($3-3,50 in Mich maybe). That is what the big chains like Buffalo Wild Wings pay. On a good sports weekend, the staff usually names $2-300 in tips). The independents have to pay closer to $10 for a bartender.

I’m not sure the left realizes that the higher the min is, the more goods are rising also. You will not have any purchasing power, no matter where you set the wage at. Raise it to $15/hour, what happens to the people who were making $15/hour before? Do you raise their pay also? People talk about the big companies and min wage, it’s the little guy who loses out here. They cannot get pricing to remain competitive.

goods are rising because of trade deals / oil and transactions by consumers.

 

[MrTop]

You people have lots of plans for the world huh?

The reality is society is devolving into anarchy. LOL.

the dollar with time will go digital.. google banks are closing.

 

[mr merlin]

the dollar with time will go digital.. google banks are closing.

This is the future, not too distant either. your dreams of a well ordered society will remain just that.

https://twitter.com/i/web/status/1414560446699524106

 

[MrTop]

Civil war is always a problem..it really depends the level gov't force... This is not 1860's.
The gov't could shut off internet.. electricity ... Food supply...water... Hard to win if you just have a weapon with so many bullets... Vs tanks and armored personnel carrier..
I could easily see how much military training you have by what you posted...lol

 

[mr merlin]

Civil war is always a problem..it really depends the level gov't force... This is not 1860's.
The gov't could shut off internet.. electricity ... Food supply...water... Hard to win if you just have a weapon with so many bullets... Vs tanks and armored personnel carrier..
I could easily see how much military training you have by what you posted...lol

Tell me, who's gonna fight for the govt? the police? the sheriffs? the national guard? i think many if not most would flip sides, then who do you have?

 

[mr merlin]

They got their 2/3s vaccinated and that's about it, how many of them do you think would take a 3rd shot? so they cant even get people on board fro a pandemic, and you think they'll get everyone to agree to total govt control of life/commerce?

Will there be all digital money some day - sure, but it's not going to be in the next 5-10-20 years. 20% of the population doesn't even have the internet, a cell phone or even bank accounts.

 

[mr merlin]

Civil war is always a problem..it really depends the level gov't force... This is not 1860's.
The gov't could shut off internet.. electricity ... Food supply...water... Hard to win if you just have a weapon with so many bullets... Vs tanks and armored personnel carrier..
I could easily see how much military training you have by what you posted...lol

I hear they're gonna mandate the vaccine for military, perhaps as soon as sept, supposedly only 1/2 are vaccinated now, how many do you think will leave the military when they try it? I'd say at least 10 maybe 15%, keep in mind we have a hollow army, sure we have 400K but how many are clerks, cooks, supply, etc? how many are stationed in the US?

 

[MonkeyF0cker]

Civil war is always a problem..it really depends the level gov't force... This is not 1860's.
The gov't could shut off internet.. electricity ... Food supply...water... Hard to win if you just have a weapon with so many bullets... Vs tanks and armored personnel carrier..
I could easily see how much military training you have by what you posted...lol

LOL. In other words, they're going to starve their own side that lives in urban areas with no agriculture, cattle, or ability to hunt?

Those tanks and jets only took 20 years to exit Afghanistan with the Taliban still in existence. And that was with everyone on the same side.

Please tell me how the government shuts off the Internet. That ought to be another laugher.

 

[FairWarning]

goods are rising because of trade deals / oil and transactions by consumers.

How about higher wager to attract labor? Someone has to pay for it.

 

[MrTop]

LOL. In other words, they're going to starve their own side that lives in urban areas with no agriculture, cattle, or ability to hunt?

Those tanks and jets only took 20 years to exit Afghanistan with the Taliban still in existence. And that was with everyone on the same side.

Please tell me how the government shuts off the Internet. That ought to be another laugher.

in a all out civil war the internet will be gone. The tell the phone companies and cable to shut it off. Untill country back to normal..

LOL. In other words, they're going to starve their own side that lives in urban areas with no agriculture, cattle, or ability to hunt?

Those tanks and jets only took 20 years to exit Afghanistan with the Taliban still in existence. And that was with everyone on the same side.

Please tell me how the government shuts off the Internet. That ought to be another laugher.

they tell the social media to close...they already have the switch then service providers to close down.. In the National Emergencies .. you have no clue how much power they have. Using their power is another thing.. depends how serious it gets



moving the soldiers families over is quite easy ... 1/2 of them are out of the country already


i told you the tapi gas line in afghanistan was the reason it took 20 years

 

[MrTop]

your hamburger joint is going out of business cause you don't want to raise the wages. to $8 per hour

 

[FairWarning]

your hamburger joint is going out of business cause you don't want to raise the wages. to $8 per hour

Where is that? Kitchen jobs here start at $12 and are going unfilled.

 

[MrTop]

Where is that? Kitchen jobs here start at $12 and are going unfilled.

kitchen job 12 hour 40 hours a week is a dead end job.. if they don't raise it ..they will be doing the dishes.

 

[MonkeyF0cker]

in a all out civil war the internet will be gone. The tell the phone companies and cable to shut it off. Untill country back to normal..








they tell the social media to close...they already have the switch then service providers to close down.. In the National Emergencies .. you have no clue how much power they have. Using their power is another thing.. depends how serious it gets



moving the soldiers families over is quite easy ... 1/2 of them are out of the country already


i told you the tapi gas line in afghanistan was the reason it took 20 years

Because satellite internet doesn't exist, the military doesn't need Internet for anything, and all of the ISP's are just going to shut down their services and bankrupt themselves to comply with one side.

Because soldiers just take orders and have no opinions for themselves. They will all submit and just bomb their own country as long as their family is out of the country. LMAO.

And you're telling other people it's obvious they were never in the military. LMAO.

Holy fucking Christ are you stupid.