Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Unemployment Did NOT Plunge In May

June 8, 2020June 7, 2020

Here’s why.


. . . Part of it involves how the BLS treats the many millions of people now on furlough and not being paid. They are considered “unemployed on temporary layoff.”  But if BLS expects them to return to their old jobs, based on the survey, they do not count among the unemployed. . . .


And there are more parts to it.


Of course, once the virus is no longer a threat, or ways are found to get people safely back to work even while it is (or ways are not found but they have to go back anyway), the unemployment will fall.

It will be hard to see that as a great achievement, though, it having left us trillions of dollars deeper in debt as a nation . . . with so many families and businesses having depleted their savings or themselves gone deeper in debt . . . and with so many kids stunted in their educations . . . and, of course, with so many tens of thousands of deaths that could have been averted.



Andrew R.: “In Idaho, militias are openly on patrol to keep out Antifa, which wasn’t coming.  It reminds me of the guy on a park bench scattering torn newspapers around it. Asked why, he said it was to keep away the elephants. Told there were no elephants in the area, he says ‘See? It works.'”

Stephen P: “It’s like a scene out of the old movie, The Russians are Coming! The Russians are Coming!”

→ Except now, of course, after a fashion, they are.  Putin is succeeding beyond his wildest dreams.



Meanwhile — to make your Monday so dark Tuesday can only get better — Meet The Hidden Architect Behind America’s Racist Economic System.  I had never heard of him.  Arguably, though no longer living, he’s had an enormous impact on our lives — and it’s not over.

 

Post navigation

← Quick Takes
The Article Everybody’s Talking About →

Quote of the Day

"Necessity never made a good bargain."

Benjamin Franklin

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Three Minutes And 20 Seconds

    August 13, 2026
  • X-Rated Wednesday

    August 11, 2026
  • The Communist Menace

    August 11, 2026
  • Pete Hegseth's Pastor On Hand Jobs And Oral Sex

    August 9, 2026
  • Brave Susan / Muslim Abdul

    August 8, 2026
  • You Go, Pete!

    August 7, 2026
  • OPRT SNAP - And An Amazing Story

    August 6, 2026
  • Trump's Lawyers -- And A Contrary View Of A.I.

    August 5, 2026
  • Two Must Watches -- And Good News!

    August 4, 2026
  • They Really Are Leaving MAGA

    August 2, 2026
Andrew Tobias Books
  • Facebook
  • Twitter
©2026 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams