Wednesday, July 29, 2020
Kansas City Remains Out Of Work And Desperately In Need Of More Free Money . . .
I guess the polite term is: Stimulus.
Local unemployment numbers from U.S. Bureau of Labor Statistics are the worst this town has ever seen in the modern era or at least since they stopped smoking during newscasts . . .
The unemployment rate fell to 10.8% in May. 6,600 positions were added, with only 1,500 workers entering the labor force causing the unemployment rate decrease. Nonfarm payrolls increased by 22,100. The only individual sector with significant employment changes was Leisure and Hospitality which added 11,200 positions.
The unemployment rate fell to 7.8% in June. 45,700 positions were added, with only 12,500 workers entering the labor force causing the unemployment rate decrease. Nonfarm payrolls increased by 41,800. Labor categories with significant additions include Manufacturing adding 6,100 positions, Trade, Transportation, and Utilities adding 7,700 positions, and Leisure and Hospitality adding 19,000 positions.
Bigger picture . . .
Second Stimulus Unemployment Update: More Than 30% Of Americans Couldn’t Last A Month Without $600 Checks
Developing . . .