This chart shows confirmed coronavirus hospitalizations are still increasing. See that red line topping the chart. that is the line of people age 65 and older getting hospitalized
We all hear the MYTH that if you test more you get more people testing positive. The spin is the virus is going away and its no big deal. Reality is their is a easy way to tell. You simple calculate the percentage of the people tested who are positive. So if you test 100 people and 5% are positive. And you test 1000 people and 10% test positive you are obviously seeing the infection rate increasing. And their is a data base that does exactly that. Funny how they forgot to tell you!
The latest data form the muzzled CDC show the second wave is back with the percentage of people testing positive approaching maxim levels again. This data is for the week 26 ending June 27th.
The overall percentage of respiratory specimens testing positive for SARS-CoV-2 increased from week 25 (8.1%) to week 26 (8.7%) nationally, driven by increases in seven regions. National percentages of specimens testing positive for SARS-CoV-2 by type of laboratory:
Public health laboratories – increased from 5.6% during week 25 to 6.3% during week 26;
Clinical laboratories – increased from 5.3% during week 25 to 5.8% during week 26;
Commercial laboratories – increased from 8.7% during week 25 to 9.3% during week 26.
I am a big believer in pretty pictures. AND funny thing as the positive tests rise , hospitalizations increase and the death toll from “phenomena” increase the pretty little pictures are harder to come by.
in the latest data you can see blue line tests are increasing and surprise surprise the red line is going back up indicating the positive test results are also increasing.
Nick Note: Soon the results of the 4th of July insanity will be in, hospitalizations will soar. The death counts will rise and we will be back in the shit. Lockdowns, bankruptcies galore and the Great depression has not only not been avoided but it will be worse then ever.
Secret Agents are being put at risk by what they regard as Trump unnecessary political rallies that are getting them sick for no really good reasn
The coronavirus continues to pose a threat to both President Donald Trump and Vice President Mike Pence despite the fact that White House officials are going all-out to keep both men safe as the pandemic drags on. To that point, an internal Department of Homeland Security document obtained by Yahoo News notes that the U.S. Secret Service — the men and women who protect the president and vice president — has documented nearly a dozen cases of coronavirus among agents. In March, the Secret Service noted that one agent had tested positive for coronavirus, but that number grew to 11 this month, according to a daily report from DHS. The report comes as concerns are growing about the safety and health of Trump and Pence. Earlier this week, the White House acknowledged that one of the president’s valets, a U.S. Navy member, tested positive for coronavirus. On Friday, reports noted that Katie Miller, Vice President Pence’s spokeswoman, also tested positive. According to the Homeland Security document, in addition to the 11 Secret Service coronavirus cases there are another 23 members who caught the illness but have recovered, while 60 more employees are under self-quarantine. “No details have been provided about which members of the Secret Service are infected or if any have recently been on detail with the president or vice president,” Yahoo News reported. The Secret Service did not provide any details about the afflicted agents. “To protect the privacy of our employee’s health information and for operational security, the Secret Service is not releasing how many of its employees have tested positive for COVID-19, nor how many of its employees were, or currently are, quarantined,” Justine Whelan, a Secret Service spokesperson, told Yahoo News. Agents don’t just protect the president and vice president, they also provide security for other leaders and presidential contenders, former presidents, and visiting foreign dignitaries. In addition, the service conducts investigations to include, most recently, scams involving coronavirus. Whelan noted that the agency is following all coronavirus guidelines put forth by the Centers for Disease Congress and Prevention. However, she did not say how many agents and employees who have tested positive for the virus work at the White House complex. “Since the beginning of this pandemic, the Secret Service has been working with all of our public safety partners and the White House Medical Unit to ensure the safety and security of both our protected persons and our employees,” Whelan told Yahoo News. “The Secret Service continues to follow guidance issued by the CDC to ensure the health and welfare of our employees and those they come in contact with.” In recent days, both Trump and Pence have been criticized for not fully practicing social distancing and other CDC recommendations including the wearing of a mask. Pence was hammered by the media after visiting the Mayo Clinic in Minnesota last month.
VP Pence does not wear a mask during Tuesday’s visit to the Mayo Clinic, which is requiring all patients and visitors to wear a face covering or mask in effort to slow the spread of coronavirus. pic.twitter.com/qIddFN9UTW
The vice president noted that he gets tested regularly so he saw no need for a mask.
As for Trump, The Associated Press reported this week that he has allegedly confided in aides that he doesn’t like the way he looks in a mask.
Others have speculated that the president and vice president are trying to send a political message in an election year by not being masked in public — namely, that the virus isn’t going devastate the planet and that only certain demographics are at risk.
Age-wise, that would include both men. However, they lack other risk factors such as preexisting medical conditions.
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Major automakers reported a more than 30% drop in US sales in the second quarter. Several of the top automakers reported quarterly sales and the weeks of pandemic-forced dealership closures hit them hard. Sales were also hurt by record job losses limiting spending money, as well as mass work-from-home policies that temporarily put commutes on hold. Further, the closing of auto plants for much of the quarter limited the supply of new vehicles at the dealerships that were open, with popular vehicle models particularly hard to find. General Motors, the largest US automaker, saw a 34% sales drop. Last week GM announced it will cut 700 jobs at a Tennessee plant later this summer because of the drop in demand for the SUVs built there. Still, GM said sales fell most sharply in April and showed signs of recovery in May and June. “GM entered the quarter with very lean inventories and our dealers did a great job meeting customer demand, especially for pickups,” said Kurt McNeil, GM’s vice president of sales. “Now, we are refilling the pipeline by quickly and safely returning production to pre-pandemic levels.” Fiat Chrysler reported a 39% decline in revenue, pointing to the drop in rental fleet sales. Rental car companies typically buy about 10% or more of US car sales in the course of a normal year.
With the huge slowdown in travel, car rental companies have virtually halted their purchases. Meanwhile, Hertz filed for bankruptcy. And all the car rental companies are selling cars from their existing fleets, creating more competition for auto dealors.
Toyota also reported a 35% drop in second quarter US sales, although it saw an improvement as the quarter progressed. June sales were off 22%, the company said. Despite the signs of improvement later in the quarter, it’s unlikely there will be a rapid increase in sales throughout the summer, said Jonathan Smoke, chief economist for Cox Automotive. Cox is forecasting a 35% drop in total US sales for the second quarter once all the automakers report and the data are in.
A Cox survey showed one-third of those who intend to buy a car said they will delay their purchases, driven by factors such as general uncertainty in the market and continued unemployment concerns.
“The industry is facing the potential for a cruel summer for automotive sales,” Smoke said in a recent presentation. Another auto research firm, LMC, projects a 33% drop in sales in the quarter and a 22% drop over the course of the full year. “There is still plenty of risk ahead, with the possibility of continued outbreaks,” said Jeff Schuster, president of global vehicle forecasting for LMC, adding that some of the current sales are likely being driven by pent-up demand that could soon fall off. To weather the current downturn, the major automakers have all been selling debt or taking out cash from previously arranged lines of credit to get the cash they need. But those moves pose new problems. Credit rating agency Moody’s on Tuesday downgraded more than $130 billion of automakers’ debt, warning that further downgrades are possible given the industry challenges not only in the United States but around the globe. “Autos are among the industries coronavirus hit hardest and the pandemic adds to what were already substantial challenges for carmakers,” a note said. “We estimate vehicle sales will slump at least 20% in 2020 and will take several years to recapture 2019 levels.” Nick Note: You will buy cars 10 cents on the dollars… I have done this over and over again. This will be the biggest wipeout in automotive history. I am drooling at the bargains as they give cars away……. The vehicles in our fleet were bought in the last wipeout. Play it again Sam. If i cannot buy distressed i do not buy at all. No hurry wave after wave of liquidations are coming years into the future. PS for ten long years i was a asshole as i warned about this. As FORMER associates said on their way out the door. You are crazy man…… Your big fact EGO has gotten the better of you. All i can say is FUCK YOU and no you cannot come back! FOR THE RECORD FAR FAR FAR WORSE IS YET TO COME!
The global coronavirus pandemic has infected more than 11.1 million people and claimed over 528,000 lives.
Saturday, July 4
US marks record 57,683 new cases in 24 hours
The US notched 57,683 Covid-19 cases in 24 hours, a tally by Johns Hopkins University showed, the third consecutive day with record numbers of new infections.
The Baltimore-based university’s tracker showed the total number of cases since the pandemic reached the US at 2,793,022 as 0030 Saturday GMT.
The university also recorded a further 728 fatalities, bringing the total US death toll to 129,405.
The new record case count came as infections surge in southern and western states, and as the United States – the hardest-hit country in the world in the coronavirus pandemic – heads into the July Fourth holiday weekend.
Spain’s Catalonia places 200,000 people under lockdown
Spain’s northeastern Catalonia region locked down an area with around 200,000 residents near the town of Lerida following a surge in cases of the new coronavirus.
“We have decided to confine the del Segria zone following data confirming a sharp rise in Covid-19 infections,” Catalonia’s regional president Quim Torra told reporters, adding that no one would be allowed to enter or leave the area.
India coronavirus cases hit record high
India recorded its highest single-day spike of coronavirus cases, with over 22,000 new cases and 442 deaths, as infections rose in the western and southern parts of the country amid heavy monsoon rains.
The western state of Maharashtra, home to the densely packed financial capital Mumbai, has the country’s highest total, recording 6,364 fresh cases of the virus on Saturday and 198 deaths from Covid-19, the disease caused by the virus.
India has the fourth-most confirmed cases in the world, exceeding 640,000, according to health ministry data. Nick Note: Read on. Is it not amazing that their is still a debate here. We are in a global plague. Infections and deaths are ihttps://youtu.be/hBvNGYz5sTUncreasing. Their are treatments, NO CURE! and certainly no vaccine. WAKE UP THE FAT LADY IS SINGING!
WASHINGTON – On the eve of Independence Day, President Donald Trump used a speech before Mount Rushmore on Friday to condemn protesters across the country for attacking monuments while announcing he would sign an executive order to establish a “National Garden of American Heroes.”
“Our Nation is witnessing a merciless campaign to wipe out our history, defame our heroes, erase our values and indoctrinate our children,” Trump told a crowd of more than 7,000 people before the national monument in South Dakota. “Angry mobs are trying to tear down statues of our founders, deface our most sacred memorials and unleash a wave of violent crime in our cities.” Trump’s remarks came as federal statues across the country have been targeted for removal by protesters following the death of George Floyd, a Black Minneapolis man who was killed when a white police officer pinned him to the ground with a knee to his neck for nearly nine minutes. Statues of historical figures, including presidents Andrew Jackson, George Washington, Abraham Lincoln, Theodore Roosevelt as well as Robert E. Lee and Christopher Columbus have been targeted in cities across the country. The president said he would establish a “National Garden of American Heroes,” which he described as a “vast outdoor park that will feature the statues of the greatest Americans who ever lived.” The order, released by the White House on Friday night, said the park will feature statues including several American presidents as well as historical figures including Susan B. Anthony, Daniel Boone, Davy Crockett, Frederick Douglass, Amelia Earhart, Benjamin Franklin, Billy Graham, Martin Luther King, Harriet Tubman and others. A task force under the Department of the Interior will determine the site of the park, according to the order. It is expected to be open to the public in time for the 250th anniversary of the Declaration of Independence on July 4, 2026. Late last month Trump signed an executive order for violators to be prosecuted to the fullest extent of the Veterans Memorial Preservation Act, which states that anyone who vandalizes or destroys a monument, memorial or statue can be sentenced to prison for up to 10 years. The order also puts state and local law enforcement agencies on notice that they could lose federal support if they fail to protect such monuments. The president delivered his speech before some 7,500 people in the shadow of George Washington, Thomas Jefferson, Theodore Roosevelt and Abraham Lincoln, whose heads are etched into Mount Rushmore. Both Washington and Jefferson were slave-owners.
“This monument will never be desecrated, these heroes will never be defaced, their legacy will never be destroyed, their achievements will never be forgotten, and Mount Rushmore will stand forever as an eternal tribute to our forefathers and to our freedom,” Trump said.
The event, billed as an official White House event, appeared to echo the president’s campaign rhetoric, underscoring the social and racial divisions across the country. “They think the American people are weak and soft and submissive,” he said. “But no, the American people are strong and proud, and they will not allow our country and all of its values, history and culture to be taken from them.” Before Trump’s arrival, police used pepper spray and arrested protesters for blocking a highway leading up to the monument. Protesters argue that the land in which the monument lies on – Black Hills – was seized from the Lakota Sioux by the U.S. government in the 1800s and Trump’s administration opposes the interests of Native Americans and other minority groups. “Today has been a proud day to be Lakota,” said Nick Tilsen of the NDN Collective. “We shut down Mount Rushmore. We put this place in lockdown for three hours and we did it in a good way. We got this power from our ancestors.” The fireworks that followed Trump’s speech are the first at Mount Rushmore in more than a decade after a ban was imposed over environmental concerns. Environmentalists are concerned the fireworks could set off wildfires in dry brush in nearby forests. However, local officials have said the risk is low. Others have raised concerns over the potential spread of the coronavirus. Republican South Dakota Gov. Kristi Noem said this week that social distancing wouldn’t be enforced among the thousands expected to turn out. Before the president took the stage, Kimberly Guilfoyle, the girlfriend of Donald Trump Jr. and a top campaign surrogate, tested positive for COVID-19 on Friday before the event, according to Sergio Gor, chief of staff to Trump Victory Finance committee. Gor said that Guilfoyle was “doing well and will be retested to ensure the diagnosis is correct since she’s asymptomatic.” He added that she would cancel upcoming events and Donald Trump Jr tested negative but would also self-isolate as a precaution. Earlier this week, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, warned earlier this week that new coronavirus infections could increase to 100,000 a day if the nation doesn’t get its surge of cases under control.
Trump’s Mount Rushmore speech kicks of a weekend of events honoring America’s founding. The president is scheduled to view the annual fireworks show from the White House and deliver an address on Saturday.
Nick Note: desperate people riot in the streets on any damn fool thing. As far as erasing history the masses do not even know US history. It has not been taught in the school stem for decades! Soon we will refer to the average American as the starving majority. We got a much bigger problem then Lives don’t matter, Choke holds and Racism. It called a plague and its mightier then all of us. Its the very early stages and people already are scared and frustrated. They are confused they have lost their jobs (soon their homes and many of them will lose their lives) and they do not have the skill set to work at home. Trump is race baiting them. A bronze statue can not be desecrated. Let me ask you a question if this SHIT was so sacred why are the”sacred monuments” usually covered in pigeon shit. Lets get real here FUCK Jackson, Lincoln, King, Washington, Eisenhower, Churchill and the hole kit and caboodle. ALL ALL ALL leaders are very flawed individuals. Called human. Why are we judging these people with the privilege of hindsight. Thoughts evolve. I am constantly reinventing myself and i hope in in some small way I am helping you grow and become smarter with information.
WASHINGTON — On June 12, 2020, the Centers for Disease Control and Prevention did something it had not done for months: It held a press briefing. Widely touted as the finest public health agency in the world, the CDC had been dormant since March 9, when one of its top officials held a teleconference with journalists. On that day, Dr. Nancy Messonnier, director of the agency’s National Center for Immunization and Respiratory Diseases, counseled the American public to “fight the urge to buy a mask” to protect against the coronavirus. Then came a protracted and, for many, problematic silence. CDC officials hope that is coming to an end, but a pressing question remains: Can the agency reclaim its voice while avoiding political blowback from the White House? Can it find a way to communicate valuable scientific information after three muted months during which some substantive communications from the CDC came only in the form of leaks to the press? As the number of coronavirus cases in the United States spiked in late March and early April, the White House coronavirus task force convened almost daily before a thinned-out, socially distanced presidential press corps. The briefings became a kind of daily ritual, watched at their height by millions. Dr. Anthony Fauci of the National Institutes of Health became a national celebrity; the scarves of Dr. Deborah Birx, a leading HIV/AIDS expert at the State Department, were the subject of a “Saturday Night Live” skit. CDC director Robert Redfield was on the task force, but he rarely stood on the podium of the Brady Briefing Room alongside Fauci and Birx. Redfield’s most prominent appearance at a task force briefing was on April 22, following an interview he gave to the Washington Post in which he said that if the coronavirus and influenza viruses attacked in concert next fall, the effect could be disastrous. At the April 22 briefing, an obviously annoyed President Trump said that would not be the case, then proceeded to have Redfield — a ponderous speaker who seems uncomfortable in front of a microphone — deliver a tortured explanation of what he had meant. But when a reporter later asked him if the Washington Post had misrepresented his words, as Trump claimed the paper had, Redfield defended the article. “I’m accurately quoted in the Washington Post,” he answered as Trump glowered. There would not be much more Redfield in the White House after that. Reopening plans leaked twice, each time contravening a more lax White House approach and suggesting that science had been made subservient to politics. That left many current staffers dispirited and many former ones mystified. Among the latter group is Dr. Thomas Frieden, who led the CDC during the Obama administration. “The CDC is not being allowed to speak,” Frieden told Yahoo News in May. “It is just inconceivable that for more than two months, the best public health agency in the world has been prohibited from speaking to Americans.” But as far as the White House is concerned, the CDC has been too concerned with its own stature. “The CDC feels like they should be in charge of this,” said an official who works with the White House coronavirus task force. “The response effort is more than just one agency.” The task force official went on to say that there was some frustration with those in the CDC who saw the Trump administration as making “political decisions — when they’re not.” Nick Note: Millions will die hundreds of millions will get sick and the rest will be on lockdown as the masses get catapulted into extreme poverty Its another great depression. And it will end the empires rein, The world will be much poorer violent uglier place,. And if Trump just followed the experts kept a tight leash on the masses MAYBE the pain and suffering coming might have been avoided. Its a sad day! I new the second wave was coming.. I so said and so traded ahead of the time.
American Airlines Group Inc. will have over 20,000 more employees than it needs to operate a deeply reduced flying schedule as travel demand slowly rebuilds amid the coronavirus pandemic. The estimate represents about 20% to 30% of American’s expected workforce later this year. Not all would necessarily be furloughed after September 30, however, because the carrier is continuing efforts to trim jobs through leave, early retirement and voluntary separation programs, the airline’s top executives said. “We still have work to do to right-size our team for the airline we will operate,” Chief Executive Officer Doug Parker and President Robert Isom said in a memo to employees Thursday. “We are committed to resetting the airline using a different playbook than the one of past crises where last-in, first-out furloughs were the expected result.” September 30, however, because the carrier is continuing efforts to trim jobs through leave, early retirement and voluntary separation programs, the airline’s top executives said. “We still have work to do to right-size our team for the airline we will operate,” Chief Executive Officer Doug Parker and President Robert Isom said in a memo to employees Thursday. “We are committed to resetting the airline using a different playbook than the one of past crises where last-in, first-out furloughs were the expected result.” In addition, American last month said its officer ranks would shrink by 30%. It was the first phase of changes under which almost a third of management and support staff will be cut. American said Thursday it signed a term sheet with the U.S. Treasury for an additional $4.75 billion loan, and expects to finalize the deal this quarter. The financing, in addition to the $5.8 billion in payroll support received earlier, brings liquidity to $15 billion, the Fort Worth, Texas-based carrier said. American has reduced its daily cash burn to less than $35 million at the end of June from $100 million in April. The airline took in more than $1 billion in cash receipts in June, up from $11 million in April but far below the average of $4.2 billion monthly during the same periods of 2019, Parker and Isom said. American’s average number of filled seats has climbed to 63% last month from 15% in April. The company flew 4.2 million customers in June, compared with between 17 million and 19 million a year earlier. Nick Note: Soon the lockdowns will be back and it will be uglier then ever.
I though about this long and hard and felt i had to get your attention. the crematoriums in america are backing up. and orders for new equipment is back ordered over a year. Deaths in the US are up 18% year over year. in other words surprise surprise they are way way undereporting the fatalities in this plague. protect yourself
Investing.com – Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery of crude demand. At 7:30 AM ET (1130 GMT), U.S. crude futures traded 1.2% lower at $40.15 a barrel. The international benchmark Brent contract rose 1.3% to $42.58. The U.S. has recorded around a quarter of the almost 11 million cases worldwide, according to data from Johns Hopkins University, and the number is growing rapidly. The U.S. registered over 50,000 news cases Thursday, for the second day in a row, with record numbers of new infections in both Florida and Texas. Many states have decided to delay and in some cases reverse plans to let stores reopen and activities resume, threatening to derail the nascent recovery in demand for crude. Adding to the pessimism surrounding the market is the worry that the Organisation of Petroleum Exporting Countries and its allies, including Russia, may resume their price war and abandon the phased restoration of supply to the market at the end of this month. The Wall Street Journal reported earlier this week that Saudi Arabia has threatened to restart the price war that resulted in dramatic falls in the oil price unless fellow OPEC members –mainly Angola and Nigeria–play by the rules regarding production cuts agreed by the cartel. On Thursday U.S. oil giant Exxon Mobil (NYSE:XOM) also warned of more huge losses to come when it posts its second-quarter results, saying sharply lower crude prices will wipe out billions in operating profit. Rivals Royal Dutch Shell (LON:RDSa) and BP (NYSE:BP) have already said they’ll massively cut spending and take write downs. Investors will have to hope that U.S. gasoline demand rises over the July 4 holiday weekend with many families expected to hit the road. Whether this increase in travel will result in a further surge of Covid-19 cases and possibly lockdown measures remains to be seen. Nick Note: See when they hook people up to the respirator their energy consumption goes way day. And when they die except for the natural gas that powers the crematorium their consumption goes to zero!
As coronavirus-related restrictions are eased and temperatures climb, people are flocking back to the Jersey Shore. And with the July Fourth holiday weekend upon us, that’s making some people nervous, particularly given the large crowds that have surfaced at some popular shore spots recently and poor compliance with mandated measures to help slow the spread of the virus. “I am really concerned,” said Paul Kanitra, mayor of Point Pleasant Beach, a popular shore town that was unexpectedly overrun by thousands of tourists who swarmed the beach and boardwalk a few weeks ago at a “pop-up party,” paying little heed to social distancing or masks. “We’re seeing spikes across the country in states that opened up weeks ago, and while we’re doing a good job in New Jersey, there are a lot of people that are way too cavalier about social distancing,” he said. “There’s inherent risk in all of this.” Large crowds are expected at the shore for the holiday weekend: New Jersey’s casinos have reopened, along with amusement rides and water parks. Beaches are open, though at reduced occupancy levels. Restaurants can offer limited outdoor dining, and stores and shopping malls have reopened. But not everyone is following rules designed to prevent the spread of the virus, including wearing masks and keeping 6 feet apart. In late June, large crowds swarmed D’Jais, a popular oceanfront nightclub in Belmar in scenes reminiscent of pre-pandemic days. Few patrons wore face coverings, and fewer still kept their distance from others on a packed dance floor. Gov. Phil Murphy saw videos of the packed club and warned the state will not hesitate to reimpose harsher restrictions if people don’t behave. “We cannot let up on our social distancing or our responsibility just because the sun is out,” the governor said. “We can’t be lulled into complacency and think it’s OK to crowd around a bar. That is how flare-ups happen.” COVID-19 Cases Rising Among Young People in NJ Officials worry about lack of social distancing and PPE use as people flock to the shore. Nick Note: Where are the clowns. I know at the crowd fests practicing pass the plague
U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new round of closings and layoffs triggered by a resurgence of the coronavirus.
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus again.
“This is a bit of a dated snapshot at this point,” said Jesse Edgerton, an economist at J.P. Morgan Chase. The news came as the number of confirmed infections per day in the U.S. soared to an all-time high of 50,700, more than doubling over the past month, according to the count kept by Johns Hopkins University. The spike, centered primarily in the South and West, has led states such as California, Texas, Arizona and Florida to re-close or otherwise clamp down again on bars, restaurants, movie theaters, beaches and swimming pools, throwing some workers out of a job for a second time. President Donald Trump said the jobs report shows the economy is “roaring back,” though he acknowledged there are still areas where “we’re putting out the flames” of the virus. Economists expect the recovery to take longer than Trump’s optimistic projections, with the unemployment rate likely to be near double-digit levels by year’s end. “Even as we move into the second half of the year, a large number of people will still be looking for work,” said Eric Winograd, senior U.S. economist at asset manager AllianceBernstein.
The shutdowns over the past two weeks will be reflected in the July unemployment report, to be released in early August.
While the job market improved in June for a second straight month, the Labor Department report showed that the U.S. has recouped only about one-third of the colossal 22 million jobs lost during the lockdowns this spring. Layoffs are still running high: The number of Americans who applied for unemployment benefits fell only slightly last week to 1.4 million, according to another report. Though the weekly figure has declined steadily since peaking in March, it is still extraordinarily large by historic standards. And the total number of people who are drawing jobless benefits remains at a sizable 19 million. U.S. job growth in June was driven mainly by companies recalling workers who had been laid off during the widespread business shutdowns across the country. In an ominous trend contained in the Labor Department report, the number of Americans who said they had lost their jobs permanently rose by 600,000 last month to nearly 2.9 million.
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