Unemployment numbers due to coronavirus (Memphis, Knoxville: unemployment rate, estimates, areas)

[JMT]

Originally Posted by JOinGA

Instead of using the work "fear" to try to belittle and shame the leaders and citizens who followed the guidance of the scientists and public health experts, why don't you listen to the Republican Governor of North Dakota and "dial up your empathy and understanding." You are fortunate that the virus has not touched your life with tragedy. With close to 100,000 dead, and counting, there are many, many Americans who cannot say the same.

According to the CDC, as of last week (5/16) 73,639 have died from covid-19 or were presumed to have died from covid-19. And the number dying from covid-19 each week has dropped dramatically the last few weeks, from a high of 15,311 the week of 4/18 to 1,915 last week.

Since February 1, Tennessee has had 246 deaths attributed to covid-19 which is 1.1% of all Tennessee deaths (22,827) in that same time period. And the total number of deaths in Tennessee is the same this year over the last 3 years in spite of an increase in over all population. By the way, 1,704 in Tennessee have died from pneumonia since February 1.

https://www.cdc.gov/nchs/nvss/vsrr/covid19/index.htm

[JOinGA]

Originally Posted by JMT

According to the CDC, as of last week (5/16) 73,639 have died from covid-19 or were presumed to have died from covid-19. And the number dying from covid-19 each week has dropped dramatically the last few weeks, from a high of 15,311 the week of 4/18 to 1,915 last week.

Since February 1, Tennessee has had 246 deaths attributed to covid-19 which is 1.1% of all Tennessee deaths (22,827) in that same time period. And the total number of deaths in Tennessee is the same this year over the last 3 years in spite of an increase in over all population. By the way, 1,704 in Tennessee have died from pneumonia since February 1.

https://www.cdc.gov/nchs/nvss/vsrr/covid19/index.htm

"The total number of confirmed coronavirus cases on Sunday in Tennessee is 20,145 with 336 deaths from COVID-19, the Tennessee Department of Health said. Since last Sunday, the number of cases has increased by 2,757, or 15.9%. Deaths are up 38, or 12.8% during the same period." The more people act like the pandemic is "over"(or delusionally that it never existed), the more likely the numbers will continue to rise and an economic recovery will be delayed.

[JMT]

Originally Posted by JOinGA

"The total number of confirmed coronavirus cases on Sunday in Tennessee is 20,145 with 336 deaths from COVID-19, the Tennessee Department of Health said. Since last Sunday, the number of cases has increased by 2,757, or 15.9%. Deaths are up 38, or 12.8% during the same period." The more people act like the pandemic is "over"(or delusionally that it never existed), the more likely the numbers will continue to rise and an economic recovery will be delayed.

The purpose of the shutdown was to "flatten the curve" and not overwhelm medical facilities. That was accomplished to the point where many hospitals have had to start furloughing employees for a lack of patients. No one ever claimed that the virus would disappear quickly and that people would stop getting sick. The state unemployment rate is now at a staggering 14.7%. County rates will be released in the next day or two.

https://www.tn.gov/workforce/general...mployment.html

[JOinGA]

Originally Posted by JMT

The purpose of the shutdown was to "flatten the curve" and not overwhelm medical facilities. That was accomplished to the point where many hospitals have had to start furloughing employees for a lack of patients. No one ever claimed that the virus would disappear quickly and that people would stop getting sick. The state unemployment rate is now at a staggering 14.7%. County rates will be released in the next day or two.

https://www.tn.gov/workforce/general...mployment.html

The point is that we were supposed to reopen with precautions. Too many people do not want to take the simplest of precautions and, as a result, a large segment of the population is increasing the risk of spreading the disease and another large segment of the population thinks it is still too unsafe to go back to patronizing local businesses. The refusal to follow the recommended guidelines is foolhardy and counterproductive.

[Serious Conversation]

I see a lag here.

On March 1, everyone was working. By mid-late March, businesses started to shutdown. UI claims started climbing mid-March. There's no way that March U-3 in TN was 3.x%. That likely means the April figure is also lagging.

[dc1538]

Originally Posted by Serious Conversation

I see a lag here.

On March 1, everyone was working. By mid-late March, businesses started to shutdown. UI claims started climbing mid-March. There's no way that March U-3 in TN was 3.x%. That likely means the April figure is also lagging.

More than likely, May numbers will be higher than the actual unemployment rate on the tail end. June and July rates will give a good indication of the actual economic damage. Hs graduates and college students are going to struggle with getting jobs this summer, unfortunately.

[2mares]

Originally Posted by dc1538

More than likely, May numbers will be higher than the actual unemployment rate on the tail end. June and July rates will give a good indication of the actual economic damage. Hs graduates and college students are going to struggle with getting jobs this summer, unfortunately.

Maybe not. They were discussing the effects of the unemployment stimulus on NPR this morning interviewing both employees and employers (not specifically in TN but Im sure it applies here also). A lot of lower income furloughed people are making between 42% and 50+% more money by not working so they are not wanting to return to work. Perhaps the recent grads will step in.

[dc1538]

Originally Posted by 2mares

Maybe not. They were discussing the effects of the unemployment stimulus on NPR this morning interviewing both employees and employers (not specifically in TN but Im sure it applies here also). A lot of lower income furloughed people are making between 42% and 50+% more money by not working so they are not wanting to return to work. Perhaps the recent grads will step in.

Good point. I didn't think of that angle.

[JOinGA]

Originally Posted by dc1538

Good point. I didn't think of that angle.

The government used the $600 supplement as a national average to increase unemployment to a level that replaces 100% of lost income. Obviously, this will have a widely variable impact based on the disparity in median wages across the country and even the earnings amongst individuals in the same community. Some people will be getting more than they earned working and some will get less. Either way, the supplement runs out at the end of July.

A lot of people can't find the child care that would enable them to go back to work. This is going to be a challenge to return to employment that will extend past July. As with many other small businesses, some child care centers will never reopen or will struggle to meet the various state guidelines on safe reopening.

[2mares]

Originally Posted by JOinGA

The government used the $600 supplement as a national average to increase unemployment to a level that replaces 100% of lost income. Obviously, this will have a widely variable impact based on the disparity in median wages across the country and even the earnings amongst individuals in the same community. Some people will be getting more than they earned working and some will get less. Either way, the supplement runs out at the end of July.

A lot of people can't find the child care that would enable them to go back to work. This is going to be a challenge to return to employment that will extend past July. As with many other small businesses, some child care centers will never reopen or will struggle to meet the various state guidelines on safe reopening.

Affordable, available childcare is an issue for many regardless of this pandemic but it will definitely make matters worse for parents returning to the workforce. I am grateful that is not something I have to deal with anymore.