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SouthernCal_Dem

(852 posts)
Thu Apr 16, 2020, 11:38 AM Apr 2020

Nearly all US job gains since 2009 have been wiped out

Not only has Trump wiped out all his jobs gains since he took office in 2017, but he’s pretty much wiped out all of Obama’s job gains as well.

Thanks, asshole


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https://www.cnbc.com/2020/04/16/us-only-417000-jobless-claims-away-from-losing-gains-since-2009.html

It took only four weeks for the U.S. economy to wipe out nearly all the job gains in the last 11 years.

The coronavirus and the forced closure of business throughout the country again fueled the number of Americans applying for state unemployment benefits, which last week totaled 5.245 million, the Labor Department reported Thursday.

Combined with the three prior jobless claims reports, the number of Americans who have filed for unemployment over the previous four weeks is 22.025 million. That number is just below the 22.442 million jobs added to nonfarm payrolls since November 2009, when the U.S. economy began to add jobs back to the economy after the Great Recession.

Only 417,000 more U.S. workers need to file for unemployment benefits to erase all nonfarm gains since 2009, a figure likely to be easily surpassed this week.

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Nearly all US job gains since 2009 have been wiped out (Original Post) SouthernCal_Dem Apr 2020 OP
'hEAR YE, HEAR YE' empedocles Apr 2020 #1
Historically to be known as the Trump Crash of 2020. Sneederbunk Apr 2020 #2
Republicans love crashing the economy... SouthernCal_Dem Apr 2020 #3
I predicted when that shitstain "won" that we'd have the Greatest Depression SoonerPride Apr 2020 #4
Buttery Males !!!! uponit7771 Apr 2020 #5
MAGAts, don't be afraid to brag 'the Trump economy'. keithbvadu2 Apr 2020 #6

SouthernCal_Dem

(852 posts)
3. Republicans love crashing the economy...
Thu Apr 16, 2020, 12:39 PM
Apr 2020

The 3 biggest economic crashes in the last 100 years have all occurred under Republican presidents.

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