MicroGroks
I’m going to give this a name. It’s Tom Woods Anti-Panic Porn. The rational look at the world of COVID from the other side. Yes, we’ve been doing that all year. No, we’re not the only ones’ but Tom Woods’ words, the title of this post, are as true as ever.
The Federal unemployment rate improved half a percent to 7.9%. Here in New Hampshire, the seasonally adjusted rate dropped 0.6%. State unemployment sits at 6% as the outlook continues to improve.
Democrat Senator Kamala Harris won the Biden veepstakes and immediately began to spread misinformation about President Trump and the administration.
Senate Republicans are unveiling details of their proposal for another round of coronavirus stimulus. The GOP plan includes roughly $1 trillion in new spending. The intention is to shore up the flagging market. But bottom line the action is unnecessary. It is unhelpful.
It’s no secret that Democrats in New Hampshire love Massachusetts. They pine for the taxes, the size, and scope of its government, those regulatory burdens, the union influence, and, oh my, their mask mandate. But do they want this? The Bay State has the worst unemployment in the nation.
According to the Bureau for Labor Statistics New Hampshire has lowered its unemployment rate by 3.6 points through June. The 38,000 people who have returned to work drove the unemployment rate down from 15.4% to 11.8%.
There is a policy battle in D.C. between the sublime versus the ridiculous. House Speaker Pelosi has come forward with a $3 TRILLION HEROES Act stimulus plan. Under her plan, most people would make more money by quitting work and staying home than by working.
We still have a long way to go, but this is a damn good start. Not Because we added 2.5 Million jobs after putting a historic number of people out of work, but because the “experts” predicted terrible numbers and we got the opposite.
From March 15th, days after the government restrictions went into crisis mode to May 9th, the latest reporting date at the NHES website, approximately 139,400 NH residents became unemployed. Based on our February workforce of about 780,200, that is just under an 18% unemployment level.
All I hear about in economic news is the unemployment rate and how high it is. Surprise! “Experts” discuss what will happen when we get back to normal. At least the experts admit we are not in normal times. Thank God for small admissions.
