Analysis Stealthily, surreptitiously, and with sweeping precision, the Chinese Communist Party (CCP) launched a decades-long war against America for world domination utilizing a military strategy known as “unrestricted warfare” that continues today. Unbeknownst to most of the population, the CCP infiltrated nearly every major avenue of life in the United States—leaving virtually no industry untouched. While this threat has largely existed undetected, the impact it has had on the nation, as well as the geopolitical consequences, are far reaching. Skirting the traditional, direct military confrontation offensives that have became somewhat outdated in modern times, this unconventional strategy has become central to the communist regime’s approach to warfare. The strategy is highlighted in the 1999 book “Unrestricted Warfare,” authored by two Chinese air force colonels—Qiao Liang and Wang Xiangsui—and published by…
The figures, from the government’s Job Openings and Labor Turnover survey (pdf), or JOLTS, illustrate the whiplash the economy has experienced since the pandemic intensified in mid-March. Layoffs soared in March to a stunning 11.5 million, roughly four times the peak during the 2008-2009 recession. They remained extraordinarily high in April, at 7.7 million, but in May they fell back to pre-pandemic levels of 1.8 million.
Hiring, meanwhile, plunged in April to 4 million, the lowest level since 2011, but jumped to 6.5 million in May. While that is the most hires on record dating back to 2000, it wasn’t nearly enough to offset the roughly 19 million layoffs in March and April.
And whatever ground has been recaptured to this point is now being imperiled by a resurgence of COVID-19 cases throughout the South and West. Despite a solid rebound in employment, the job market remains badly damaged, both by mandatory lockdowns and the reluctance of people to again visit restaurants, theaters, or to travel freely, at least until a vaccine or an effective treatment for the virus is available.
The JOLTS report provides gross totals of hiring and layoffs, while the monthly jobs report, which also includes the unemployment rate, is a net figure of total jobs gained or lost.
On Thursday, the jobs report showed that employers added a net total of 4.8 million jobs in June, after a gain of 2.7 million in May. Even those huge net gains recaptured only one-third of jobs lost in March and April and the unemployment rate is 11.1 percent, down from its April and May levels but otherwise higher than at any time since the Depression.
Employers advertised 5.4 million jobs in May, about 10 percent higher than in April, but still below pre-pandemic levels of about 7 million.
By Christopher Rugaber
Focus News: Hiring Soared in May as Mass Layoffs Eased
Facebook Inc’s WhatsApp messaging service said on Monday it had “paused” processing law enforcement requests for user data in Hong Kong. WhatsApp is “pausing” such reviews “pending further assessment of the impact of the National Security Law, including formal human rights due diligence and consultations with human rights experts,” a spokesperson said in a statement. Hong Kong has enjoyed unrestricted internet access unlike mainland China, where the likes of Google, Twitter, and Facebook are blocked. Last week, China’s parliament passed the national security legislation for Hong Kong, setting the stage for the most radical changes to the former British colony’s way of life since it returned to Chinese rule 23 years ago. Riot police detain a man as they raise a warning flag during a demonstration against the new national…