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What A Day

No Post On Trump Days

What A Day

What A Day

News, Daily News

4.612.6K Ratings

🗓️ 14 August 2020

⏱️ 16 minutes

🧾️ Download transcript

Summary

  • This was the first week since March that the number of new unemployment claims in the US fell below one million. Tens of millions remain jobless and the start of Congress’s August recess means it’s unlikely we’ll see new relief legislation before September.
  • Trump said the quiet part out loud yesterday, admitting that his refusal to provide emergency funding to the postal service would make universal vote-by-mail impossible. We discuss Republican efforts to make voting-by-mail more difficult in Pennsylvania and Rhode Island, and whether they’re succeeding.
  • And in headlines: a peace deal between Israel and the UAE, Mike Bloomberg to speak at the DNC, and the two bubbles of “Jurassic Park: Dominion.”


Transcript

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0:00.0

It's Friday, August 14th. I'm a Heila Hughes.

0:09.0

And I'm Gideon Resneck and this is what today, the only podcast that is always delivered

0:13.0

even in snow, rain, heat, and gloom of night.

0:16.0

Yeah, so Trump's probably going to try to defund us, unfortunately, but if you got in early,

0:21.0

you can still listen.

0:23.0

Yeah, we hate to break the news to you this way, but we feel we have to.

0:30.0

On today's show, Congress hits the road and Trump rages about vote by mail, then some headlines.

0:40.0

But first, the latest, another week, another set of job numbers.

0:43.0

And this week, the numbers of Americans filing for unemployment was below one million for the

0:48.0

first time since March. Yay. Was it far below, by the way?

0:52.0

It was around 963,000 people. So looking at this in the context of a pandemic that seemingly

0:58.0

has no end, what is the takeaway?

1:00.0

Yeah, I mean, well, like you said, this is marginally good in the sense that it's less than a million

1:05.0

for the first time in quite some time, but it is obviously not great.

1:09.0

It's important to remember that before COVID-19 shuttered the economy in the spring,

1:12.0

the highest weekly total had been around 695,000 back in 1982.

1:17.0

And separately, in this week's numbers, there were another 488,000 claims for

1:21.0

pandemic unemployment assistance, which is reserved for people like gig workers and independent contractors.

1:27.0

Now, per the post, though, there are still more than 28 million people who are getting some form of unemployment

1:32.0

towards the end of July. So a lot of people still out of the workplace.

1:36.0

And there are major concerns about how slowly re-hierings are happening.

1:39.0

The longer the pandemic stretches on in the United States, the higher likelihood that these losses become permanent

...

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