georgephillip
Diamond Member
- Thread starter
- #321
Think it can't get worse regardless of which corporate tool wins in November?
What Lies Ahead - CounterPunch.org
"As of mid-July no fewer than 33 million are receiving unemployment benefits, with another 6 million having dropped out of the labor force altogether and no longer even being counted as unemployed.
"Unemployment therefore remains at what will likely be a chronically high number, at around 40 million—with about 25% of the US labor force unemployed—as renewed service-retail sector layoffs, plus new permanent layoffs, both loom on the horizon..."
"There is an imminent crisis in rents affecting tens of millions.
"At the peak in April, it is estimated that roughly one-third of the 110 million renters in the US economy had stopped making rent payments due to the COVID-related shutdowns of the economy.
"The CARES ACT, passed in March, provided forbearance on rental payments, although perhaps as many as 20 states failed to enforce it.
"That forbearance directive expires at the end of July, with as many as 23 million rent evictions projected in coming months. A major housing crisis is thus brewing, as well as the second wave of job layoffs."
What Lies Ahead - CounterPunch.org
"As of mid-July no fewer than 33 million are receiving unemployment benefits, with another 6 million having dropped out of the labor force altogether and no longer even being counted as unemployed.
"Unemployment therefore remains at what will likely be a chronically high number, at around 40 million—with about 25% of the US labor force unemployed—as renewed service-retail sector layoffs, plus new permanent layoffs, both loom on the horizon..."
"There is an imminent crisis in rents affecting tens of millions.
"At the peak in April, it is estimated that roughly one-third of the 110 million renters in the US economy had stopped making rent payments due to the COVID-related shutdowns of the economy.
"The CARES ACT, passed in March, provided forbearance on rental payments, although perhaps as many as 20 states failed to enforce it.
"That forbearance directive expires at the end of July, with as many as 23 million rent evictions projected in coming months. A major housing crisis is thus brewing, as well as the second wave of job layoffs."