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Is the economy showing signs of recovery?

   June 4, 2021  34 Comments on Is the economy showing signs of recovery?

ABC News’ Deirdre Bolton discusses weekly unemployment claims dropping below 1 million, the debate over economic stimulus in Congress and the state of the stock market.

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34 thoughts on “Is the economy showing signs of recovery?”

  2. Be Alive. ''VOTE TRUMP 2020'' If you a Living Fish. Living Fish swim thro' the Current.
    DEAD fish FLOWS with the Current/Cultures/MEDIA – BIAS FAKE NEWS.
    America & the World NEEDs TRUMP

  4. PRECISELY why EVERYONE needs to start online biz like YESTERDAY!! 😍
    I been working from home for 12 years never depending on jobs or government for assistance.👊✅✅✅✅
    ask me how

  5. Listen reporters, Unemployment only last 6 months if you are lucky. August is your 6 month mark for UI and the Emergency boost shut off late July. It fell because people no longer qualify for it…..More people are going to be homeless and out of work with no funding. I live in AZ and was just furloughed Aug 6th. Companies are closing people. I am in Aerospace and no one is flying or building airplanes……….. Several more companies are shutting the doors NEXT month with heads-up furloughs. Meaning, the unemployment rate is going to get higher.

  8. Recovering? Think again. With Stimulus grounded. A useless executive order. Evictions on the way. An a 2nd Wave coming. It's gonna get pretty bad.

  10. This claim slowdown could be the result of crappy UI systems in the red States. People just can't get through so they are not counted … yet but they're going to keep coming out there.. delayed UI payments should be Criminal

  15. An Economic Recovery. Something that strikes fear in the heart of every Democrat politician. There was a leaked internal memo in the DNC not long before the George Floyd incident and riots that expressed major concern that an economic recovery in Q3 & 4 could negatively impact the Democratic Party's 2020 campaign. Looks like the riots and news media's nonstop coverage and cheerleading on that and the fear mongering on Covid19 gave them exactly what they wanted. Expect the "news" media like ABC here and others to dial the Covid fear mongering & hysteria up to 11 approaching November. Like they haven't done enough of that already. But they will try to top themselves.

  16. The Federal Reserve (which is owned by PRIVATE enterprise bankers) has colluded with the banker owned congress and the banker owned media to fool the public into thinking they are "saving" the economy through trillions in debt issuance. This practice only serves to enrich the bankers at everyone else's expense. It keeps the workers of this country (who have to pay for this debt) perpetually impoverished. The public remains ignorant of this devious deception because congress and news executives profit from this. They are motivated to conceal the truth from the public, but you can bypass the deception. Just google "hidden secrets of money episode 4". Watch that video and vote out every congressman who refuses to acknowledge the truth. At least Ron Paul did. (After the credits) We need more like him. David Stockman was another.

  20. Telling bullshit stories again. America is the house of cards. Trump is feeding the market to keep it flows, it will come down soon enough standstill and watch.

  21. Another crash is coming. Whether its slow or fast, there's a reason why the market has been its highest since the 1930's. All that Fed money now has stopped. Better start selling your stocks on a strong day,

  28. People are receiving unemployment and stimulus checks are helping now…after that runs out the market is gonna flip. Business that are struggling will fold like the one affected by the "first" lockdown. God Bless and stay strong.

  29. You won't find any clue about the economic disparity of the American people by looking at the bribe market. I mean the stock market. And the criminal racket going on in congress.

  30. As talks between Republicans and Democrats in Washington have disintegrated, the burden of supporting the economy has fallen on the Federal Reserve, which has pumped trillions of dollars into the financial system to prop up businesses and markets, fueling a 50 percent gain in the stock market since March and a surge in home and car buying. But the Fed’s main tools in this situation are reducing the benchmark interest rate and buying bonds. The Fed cannot give people checks, which is why its actions have done little to help renters facing eviction or small businesses on the verge of dying.
    The stock market isn’t the economy. The economy is production and jobs, and there are shortfalls in virtually every sector of the economy.

    This pandemic is causing suffering and losses. Individuals and businesses are not going to make it through this unless they get grants, and only the federal government can do that.

    A Fed survey found that 63 percent of workers with college degrees could perform their jobs entirely from home, while only 20 percent of workers with high school diplomas or less could work from home.

    Richer Americans also have seen their wealth recover — or even surge — as home values have jumped to their highest level ever (even in inflation-adjusted terms), according to the National Association of Realtors.

    New analysis by Opportunity Insights of Labor Department data found employment is still 20 percent below pre-pandemic levels for workers earning under $14 an hour, and 16 percent down for those making $14 to $20 an hour. Opportunity Insights also analyzed data from the payroll processors Paychex, Intuit and Earnin and came to a similar conclusion.

    In many parts of the country, a sense of helplessness and fatigue has set in as the virus continues to threaten people’s health and the economy and families see little action by Congress. Small-business owners are accustomed to being nimble, but this level of uncertainty makes week-to-week planning nearly impossible.

    Trump phony action over the weekend to provide more aid to struggling Americans, but it was limited. Even if Trump’s fake executive moves survive legal challenges, they would, at best, pump less than $100 billion into the economy. That’s far less than the $1 trillion or more that many on Wall Street and Main Street are counting on.

    The consensus is that a deal is necessary if the U.S. is to avoid economic calamity

  32. What I remember about the rise of the Empire is … is how quiet it was. During the waning hours of the Clone wars, the 501st Legion was discreetly transferred back to Coruscant. It was a silent trip. We all knew what was about to happen, what we were about to do. Did we have any doubts? Any private, traitorous thoughts? Perhaps, but no one said a word. Not on the flight to Coruscant, not when Order Sixty-Six came down, and not when we marched into the Jedi Temple. Not a word

  33. 💓The good news now is, click the following link: https://www.ishopzone.com/h-product-detail.html?goods_id=411002 You can buy high-quality-popular Materials (masks, disinfectants, gloves, protective clothing, temperature guns…). And has the corresponding FDA and ISO certification. Can be shipped immediately after purchase. Believe me, this will be your good choice! ❤️🇺🇸🇺🇸🇺🇸Time is life, I sincerely hope that I can help more friends. 💓

  34. In the half year of the Chyna virus and burn loot murder, Trump has created more jobs than Obama Biden had done in their eight years.

    Not lying, go check the numbers.

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