Correcting this misclassification and counting those who have left the labor force since last February as unemployed
would boost the unemployment rate to close to 10 percent in January
.”
“It will require a society-wide commitment, with contributions from across government and the private sector.”
I agree with his first point. If you account for those no longer counted as part of the labor force, the real unemployment rate
(more commonly known as the U-6 rate) is near 10%.
However, where I disagree, as we exposed in part one of this discussion, monetary and fiscal supports when they are non-productive, do not create the confidence required for economic growth.
Why Stimulus Doesn t Lead To Organic Growth zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Eric Gay / Associated Press
Originally published on February 11, 2021 9:31 am
Governor Abbott designated civil liabilities protections as one of five emergency items for lawmakers to prioritize within the first 60 days of the new Legislative Session.
These protections would prevent businesses from being sued in COVID-19-related lawsuits. According to a lawsuit tracker by Hunton Andrews Kurth law firm, there have been 621 COVID-19 related complaints filed in Texas since March 2020.
“Texas businesses that have operated in good faith shouldn’t have their livelihoods destroyed by frivolous lawsuits,” Abbott said at the address.
Some advocacy groups in Texas support Abbott.
George Christian of the Texas Civil Justice League says his organization is grateful the governor wants to protect businesses from pandemic-related lawsuits as long as they are complying with CDC guidelines.
Sununu promises tax cuts for everyone, but BPT reduction isn t in his budget plan nhbr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nhbr.com Daily Mail and Mail on Sunday newspapers.