USA COUNTRY OF CONTRASTS: more employed, but at Christmas 50 million with a little hunger
US jobs data look pretty good today, at least on the surface. The number of employees grew slightly above market expectations of 1.35 million jobs, with the creation of approximately 1.371 million payrolls.
The result seems positive, so much so that President Trump has spoken of a "Great result". Among other things, many expected a slowdown in the decline in unemployment, given that the Virus has not yet disappeared and is hitting the Sun belt hard, Instead the forecasts have been respected, and it is good news.
While the news is good, there are some really dark sides to the US economy. A huge number of people are suffering, and Bloomberg reports that the number of Americans who are "fighting hunger" is expected to rise to "more than 50 million" by the end of this calendar year … " The ranks of the Americans fighting hunger will increase by about 45% this year, to exceed 50 million “. Now considering that the USA has 328 million inhabitants, we have 15% of the inhabitants who go hungry. Already during closedown research indicated that 10% of Americans had not received the amount of food they would have wanted in a certain week. Can you imagine now millions of families who risk not giving their children enough food at Christmas?
At the same time, a study, commissioned by West Health and Gallup, found that in a sample of US citizens, 50% were “extremely worried / worried” about their bankruptcy if a significant health care expense hit their family. The figure increased by five percentage points over the year from 45% in 2019. The largest increase was recorded in minority households, increasing by 12 percentage points from 52% in 2019 to 64% in July.
So we have an America in strongly contrasting colors: a finance that, however, has regained vigor, further concentrating wealth, a real economy that is struggling to restart, but is moving, and a devastating social situation of despair. This is the picture that anyone who wins the next election on November 3rd will face.
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The article USA COUNTRY OF CONTRASTS: busier , but at Christmas 50 million with a little hunger comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/usa-paese-di-contrasti-piu-occupati-ma-a-natale-50-milioni-con-un-po-di-fame/ on Sat, 05 Sep 2020 06:43:33 +0000.