[Kathi71]

No new job creation. Just people going back to work and getting off the unemployment rolls. Good for them and the economy.

[Stu from NYC]

Originally Posted by Kathi71

No new job creation. Just people going back to work and getting off the unemployment rolls. Good for them and the economy.

Think we are arguing over semantics

[newgirl]

0 jobs have been created, those are the people that were made to go back to work at the jobs they had before only for less hours and money. How can anyone believe the junk they put out there , without thinking the reality prior ? So much crazy today ...

[Stu from NYC]

Originally Posted by newgirl

0 jobs have been created, those are the people that were made to go back to work at the jobs they had before only for less hours and money. How can anyone believe the junk they put out there , without thinking the reality prior ? So much crazy today ...

So businesses reopening and trying to survive and calling their people back and letting them be productive members of society is not a good thing?

Seriously?

[GoodLife]

Originally Posted by Kathi71

No new job creation. Just people going back to work and getting off the unemployment rolls. Good for them and the economy.

When jobs are lost, for any reason...a recession, a global pandemic etc, they are reported as jobs lost.

When jobs are gained, for any reason including rising economy, back to work after pandemic etc they count as jobs gained.

[Stu from NYC]

Originally Posted by GoodLife

When jobs are lost, for any reason...a recession, a global pandemic etc, they are reported as jobs lost.

When jobs are gained, for any reason including rising economy, back to work after pandemic etc they count as jobs gained.

Now you have done it confusing people with the facts

[retiredguy123]

Originally Posted by rlcooper70

Those numbers are not accurate at all ... there is massive undercounting currently.

The economy is in deep trouble and too many small businesses will never open again .... good that the Fed is keeping the markets from collapse but for how long can that continue?

I am beginning to think that the economy and the stock market have very little to do with the success or failure of small businesses. Otherwise, why is the stock market continuing to do well? Small businesses have been destroyed by the pandemic and the stock market continues to roll along. I suspect that the stock market is mostly affected by what happens to the large corporations.

[roscoguy]

Originally Posted by Stu from NYC

Headline from CNN

ONLY 4.8 MILLION JOBS CREATED

That's weird, I can find no such headline. Could this be another alternate fact or intentional misquote?

[Stu from NYC]

Originally Posted by roscoguy

That's weird, I can find no such headline. Could this be another alternate fact or intentional misquote?

Not sure if you are being sarcastic but think you know what I was saying

[tvbound]

Originally Posted by retiredguy123

I am beginning to think that the economy and the stock market have very little to do with the success or failure of small businesses. Otherwise, why is the stock market continuing to do well? Small businesses have been destroyed by the pandemic and the stock market continues to roll along. I suspect that the stock market is mostly affected by what happens to the large corporations.

You are correct in that small businesses are not typically included in the 3 primary US stock markets, because they are simply too small to issue stocks and thus be publicly traded.

Dow Jones vs. NASDAQ vs. S&P 500: The Differences | PrimeXBT

Dow Jones Industrial Average (DOW) - Measures the performance of 30 of the largest companies listed on stock exchanges across the United States

NASDAQ - A United States-based stock market index consisting of 100 of the largest tech companies listed on the Nasdaq stock exchange.

S&P 500 - Tracks the price of the stocks for 500 companies, of which the makeup changes often.


As for why the markets seem to be doing much better than what would seem reasonable, that's a really good question. Especially since the financial strength of large companies depends so much on the viability of small businesses, which makes up most of US companies and is the driver of our economy, of which about 70% depends on consumer spending.

It won't be surprising, unfortunately, if reality sets in soon and all of the markets start reflecting what is actually happening with small businesses.

[Stu from NYC]

Originally Posted by tvbound

You are correct in that small businesses are not typically included in the 3 primary US stock markets, because they are simply too small to issue stocks and thus be publicly traded.

Dow Jones vs. NASDAQ vs. S&P 500: The Differences | PrimeXBT

Dow Jones Industrial Average (DOW) - Measures the performance of 30 of the largest companies listed on stock exchanges across the United States

NASDAQ - A United States-based stock market index consisting of 100 of the largest tech companies listed on the Nasdaq stock exchange.

S&P 500 - Tracks the price of the stocks for 500 companies, of which the makeup changes often.


As for why the markets seem to be doing much better than what would seem reasonable, that's a really good question. Especially since the financial strength of large companies depends so much on the viability of small businesses, which makes up most of US companies and is the driver of our economy, of which about 70% depends on consumer spending.

It won't be surprising, unfortunately, if reality sets in soon and all of the markets start reflecting what is actually happening with small businesses.

As people are getting called back to work one would hope that small business will have seen the bottom of the market and will start to rebound.

At least that is my thinking for whatever it is worth.

Lets keep our fingers crossed the increase in new cases does not lead to shutdowns.