Prepare for MEGA Job Cuts and the Economic Down Cycle Not Seen Since the 1930’s!

Jobs are coming back. Jobs are plentiful. That’s what we were told. But the jobs were offshored. The primary sector for jobs is no longer manufacturing, it’s retail. Lower paying in many cases but now in 2020, it looks like retail just got a big stomping on which has accelerated its decline. That’s not a good scenario for future jobs.

 

Job growth appears stuck in neutral after enhanced unemployment expired, data shows

www.cnbc.com/2020/09/02/job-growth-appears-stuck-in-neutral-after-enhanced-unemployment-expired-data-shows.html

U.S. private payrolls miss expectations, point to slowing …

news.trust.org/item/20200902134643-cg1ph

Exxon weighs global job cuts after unveiling Australian lay-off plan – Reuters

www.reuters.com/article/us-exxon-mobil-cuts/exxon-weighs-global-job-cuts-after-unveiling-australian-lay-off-plan-idUSKBN25T0AI

United Airlines plans to cut 16,000 jobs as coronavirus continues to hammer demand

www.cnbc.com/2020/09/02/united-airlines-cuts-jobs-as-coronavirus-hurts-air-travel-demand.html

oag airline job losses global.jpg (900×507)

www.zerohedge.com/s3/files/inline-images/oag%20airline%20job%20losses%20global.jpg?itok=W_nidz4N

Inflation Is Higher Than the Numbers Say – DNyuz

dnyuz.com/2020/09/02/inflation-is-higher-than-the-numbers-say/

Even New York City’s Michelin-Starred Restaurants Are Struggling to Survive – WSJ

www.wsj.com/articles/even-new-york-citys-michelin-starred-restaurants-are-struggling-to-survive-11599054031

U.S. Debt Is Set to Exceed Size of the Economy for Year, a First Since World War II – WSJ

www.wsj.com/articles/u-s-debt-is-set-to-exceed-size-of-the-economy-for-year-a-first-since-world-war-ii-11599051137

SPX ATH.jpg (1239×660)

www.zerohedge.com/s3/files/inline-images/SPX%20ATH.jpg?itok=kYO60nAD

Australian dollar amid coronavirus and recession

www.cnbc.com/2020/09/03/australian-dollar-amid-coronavirus-and-recession.html

CNBC|SurveyMonkey poll: “Invest in You” August 2020 | SurveyMonkey

www.surveymonkey.com/curiosity/cnbc-invest-in-you-august-2020/

Workers Keeping Americans Fed Are Going Hungry in the Heartland

www.bloomberg.com/features/2020-hunger-minnesota-pandemic/