Times Square Restaurant owner Paullette Cano said with an "unemployment rate at almost 20%, you'd think we'd have a lot of applicants coming in, but we're not."
Her furloughed employees collectively told her that their pay from the government is much better than the pay from working at her restaurant. "They don't want to come back to work," she said. "It's the unemployment. They're receiving about $840 a week, which puts them about $22 an hour."
Kudlow/Trump suggests a "back to work bonus" for unemployed workers to lure them back to work.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Just a reminder, not sure if it's a double top here or not therefore the range high was in. So far it's a consolidation day as I said earlier.
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Sad news here. 100,221 deaths from the Coronavirus in the USA. It seems the rate has slowed down, but with opening the economy and social mobility, we will have to see how that goes.
Everything is related. Economy. Stock market. Jobs. Lifestyles. Health.
Charts posted are not recommendations. They are just a sharing of information.
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