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Additional 6.6M File for Initial Unemployment Benefits [pdf]

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Re: Additional 6.6M File for Initial Unemployment Benefits [pdf]

#231

Post by yutyut »

withinboredom wrote: post #184
Retric wrote: post #93

Earlier quoted context omitted.

While many people will likely get very sick, they only stay that way for ~2-6 weeks. Further, around half of people below 50 will show minimal if any symptoms. So, while most non essential jobs are shut down we are likely to see a surplus of labor in terms of trucking etc. My guess is plenty of essential jobs will have heavy overtime while many people are unemployed. Simply because the disruptions are going to cascad…

> around half of people below 50 will show minimal if any symptoms. I have a middle finger for you for how cold hearted you sound. As though “it’s no big deal”. My wife went through this (previously healthy 34 year old) and it was terrible. The docs just said: “there’s nothing more we can do”

How is your wife now? Sorry if that’s too personal.

Re: Additional 6.6M File for Initial Unemployment Benefits [pdf]

#232

Post by [deleted] »

_curious_ wrote: post #227
PragmaticPulp wrote: post #31

Unemployment benefits have been significantly expanded under the Coronavirus aid bill. The benefit amounts will sound small if you're living in an expensive city like SF or Seattle, but $600/week from the federal government and a similar amount from state unemployment insurance means that unemployment benefits can pay up to an equivalent of $50-60K/year right now. That goes a long way in most parts of the country, es…

"unemployment benefits can pay up to an equivalent of $50-60K/year right now." Wow. It's bizarre one can neither create nor add value yet proceed to receive thousands of dollars for an extended period of time (often multiples more than they will ever "pay in" to the system). I know too many people already milking it before the pandemic (including family & friends). I accept that it is their personal choice and I don'…

[deleted]

Re: Additional 6.6M File for Initial Unemployment Benefits [pdf]

#233

Post by meddlepal »

7777fps wrote: post #211
hoorayimhelping wrote: post #111

Earlier quoted context omitted.

You know those signs we memed the hell out of last decade? They're so cliched that they don't mean anything anymore, but think of those. Keep calm and carry on You should relax. We're not the first humans to see some hardship. Everything isn't going to fall apart because the economy has a downturn. Society isn't going to collapse because of this. It didn't happen in the 1600s, nor the 1700s, nor the 1800s, nor the 19…

This isn't a flu. Stop repeating misinformation.

You know what he means, don't be pedantic.

Re: Additional 6.6M File for Initial Unemployment Benefits [pdf]

#234

Post by adrr »

Chathamization wrote: post #167
faet wrote: post #121

Earlier quoted context omitted.

eh. Most Americans support a public option. M4A is down to about 26% support as of yesterday. https://i.imgur.com/H9bAwV9.png

55% in the latest Morning Consult poll[1]. And this is after a heavy push from the healthcare industry against it, as well as strong opposition from all of the Republican leadership and most of the Democratic leadership. Before the recent blitz against it, polling was 70%[2]. [1] https://morningconsult.com/2020/04/01/medicare-for-all-coron... [2] https://thehill.com/policy/healthcare/403248-poll-seventy-pe...

80% like their healthcare. I think a significant part of that 55% doesn’t realize that Medicare for all takes away their health insurance. It seems when people get educated on Medicare for all, it declines in popularity.

https://news.gallup.com/poll/245195/americans-rate-healthcar...

Re: Additional 6.6M File for Initial Unemployment Benefits [pdf]

#235

Post by satya71 »

aluminussoma wrote: post #48
PragmaticPulp wrote: post #31

Unemployment benefits have been significantly expanded under the Coronavirus aid bill. The benefit amounts will sound small if you're living in an expensive city like SF or Seattle, but $600/week from the federal government and a similar amount from state unemployment insurance means that unemployment benefits can pay up to an equivalent of $50-60K/year right now. That goes a long way in most parts of the country, es…

What will the employees, in the US at least, do for health insurance? A pandemic is when you need it. These employees will be strained to pay for COBRA. I fear that we will see revolutions in countries where this is not contained, from either a health or economic perspective. An old saying is that you should buy stocks when there is blood in the streets. I hope that doesn't become literal.

If you can afford it, loss of employment should be a qualifying event for buying insurance on the health exchanges as well.

Re: Additional 6.6M File for Initial Unemployment Benefits [pdf]

#236

Post by Chathamization »

trymas wrote: post #198
Chathamization wrote: post #167

Earlier quoted context omitted.

55% in the latest Morning Consult poll[1]. And this is after a heavy push from the healthcare industry against it, as well as strong opposition from all of the Republican leadership and most of the Democratic leadership. Before the recent blitz against it, polling was 70%[2]. [1] https://morningconsult.com/2020/04/01/medicare-for-all-coron... [2] https://thehill.com/policy/healthcare/403248-poll-seventy-pe...

Why republicans hate universal healthcare so much, even when facing unprecedented pandemic?

In the 2018 poll the majority of Republicans (52%) actually supported it. There's just been a lot of effort pushing against it by most of the leadership in America (the media, the Republican party, most of the Democratic party leadership). The media plays a big role in this - they often only focus on the cost of one particular implementation of single-payer, and not on the 10's of thousands who die each year due to lack of insurance. There's no mention that the U.S. government is currently spending more on health insurance than the U.K. government spends on its single-payer system (and the total government and private spending in the U.S. is much, much higher).

And even though Democrat voters support this the most, the majority of Democratic Presidential candidates this year were opposed to single-payer and pushed some attacks on it that were mostly false (arguing that it removes choice). And a lot of polls on it will mention things many Americans view as negative (a single government run system) and not mention ones that they would view as positive (no out of network doctors, never being uninsured, never switching insurance, no medical billing issues, no healthcare bankruptcies, lower healthcare expenditures, etc.).

Re: Additional 6.6M File for Initial Unemployment Benefits [pdf]

#237

Post by nkozyra »

lquist wrote: post #199
nkozyra wrote: post #117

Earlier quoted context omitted.

I don't think you really need to distinguish between industries at this point. It's all bad.

I doubt that software eng unemployment is at 10% right now. Looking at BLS data from previous recessions shows that software eng doesn't get hit nearly as hard as other professions.

Right now? No. But this is going to cascade.

Re: Additional 6.6M File for Initial Unemployment Benefits [pdf]

#238

Post by swimfar »

globular-toast wrote: post #200
PragmaticPulp wrote: post #31

Unemployment benefits have been significantly expanded under the Coronavirus aid bill. The benefit amounts will sound small if you're living in an expensive city like SF or Seattle, but $600/week from the federal government and a similar amount from state unemployment insurance means that unemployment benefits can pay up to an equivalent of $50-60K/year right now. That goes a long way in most parts of the country, es…

$600/week after tax is surely a massive amount and enough to give a family a very comfortable lifestyle. I always thought it was cheaper to live in the US than in the UK. That amount here would give you a luxurious lifestyle. What am I missing?

A person with no dependents and no health issues can easily live on that pretty much anywhere in the US. However, if you have to support children, or need health insurance, or health care, then it could be difficult.

Re: Additional 6.6M File for Initial Unemployment Benefits [pdf]

#239

Post by hurricanetc »

makomk wrote: post #180
hurricanetc wrote: post #19

Earlier quoted context omitted.

They do the monthly survey in the middle of the month. Most of the state shutdowns happened after the surveys were completed. Don’t ask me why they don’t just use the weekly numbers.

The weekly numbers are unemployment benefit claims, whereas I think the monthly employment statistics are based on surveying the population and counting the actual number of people who are employed, seeking work, etc.

Yeah I understand the distinction but the weekly numbers capture much of the same information and are more accurate. The monthly survey is just something we do because we’ve done it for a long time.

Re: Additional 6.6M File for Initial Unemployment Benefits [pdf]

#240

Post by TheCoelacanth »

hurricanetc wrote: post #19
treyfitty wrote: post #4

Earlier quoted context omitted.

The forecasted unemployment rate is weird: economists are not forecasting a major increase for April 03s release. Do you happen to know why? https://tradingeconomics.com/united-states/unemployment-rate

They do the monthly survey in the middle of the month. Most of the state shutdowns happened after the surveys were completed. Don’t ask me why they don’t just use the weekly numbers.

The weekly numbers are number of newly unemployed.

The unemployment survey is measuring how many people are currently unemployed.

The former is correlated with the rate of change in the latter, but is not the same thing.

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