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

JOBS AIN’T COMING BACK

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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

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

https://news.trust.org/item/20200902134643-cg1ph

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

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

Exxon Mobil Corp <XOM.N> said on Wednesday it is assessing worldwide job cuts as the global coronavirus pandemic slices into fuel demand, with the largest U.S. oil company announcing voluntary layoffs in Australia in the latest in a wave of cost cutting.

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

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

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Inflation Is Higher Than the Numbers Say – DNyuz

DNyuz – Latest Breaking U.S. News

Latest Breaking News, U.S. and World Politics, Crime, Business, Science, Technology, Autos, Entertainment, Culture, Movie, Music, Sports.

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

https://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

https://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)

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Australian dollar amid coronavirus and recession

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

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

SurveyMonkey delivers People Powered Data to organizations around the world. From simple surveys to advanced feedback solutions and enterprise offerings, SurveyMonkey products work for any use case or budget

Workers Keeping Americans Fed Are Going Hungry in the Heartland

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


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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.The economic recovery is here. Well, it depends who you are. Those who are superior in standing and in wealth will certainly be able to see their situation get better. Equities are rising. Tech stocks are rising for the most part also.

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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