Trump was right about the rapid economic rebound as another net 630,000 Americans came off unemployment benefits in a week:
http://dailytorch.com/2020/07/trump-was-right-about-the-rapid-economic-rebound-as-another-net-630000-americans-came-off-unemployment-benefits-in-a-week/
Another 630,000 Americans came off continuing unemployment claims the week ending June 27, according to the latest unadjusted data from the U.S. Department of Labor, proving President Donald Trump is right about the economy rapidly recovering from the COVID-19 pandemic state-based shutdowns. Since the week ending May 9, unadjusted continuing unemployment claims have dropped from 22.8 million to 16.8 million the week ending June 27, a massive turnaround of 6 million Americans who temporarily found themselves on unemployment benefits but then rapidly came off of it on a net basis. Really, the number is greater than that because the overall drop of 630,000 came the same week initial claims came in at about 1.4 million, indicating more than 2 million people found jobs that week, with the 1.4 million as an offset. That type of churn has been going on for weeks. When coupled with the monthly jobs data from the Bureau of Labor Statistics, where anywhere from 7.8 million to 8.8 million Americans have found jobs the past two months, the worst of the pandemic-related shutdowns are past us, and more Americans are returning to work every week than are leaving it. No wonder top Democratic officials are quietly dreading an economic recovery. What do you think? _
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