New claims for unemployment at 7/11/20 continue at high level. Good news is new jobs continue to be higher than lost jobs.

Image courtesy of Adobe Stock.

I’ve been scratching my head for a long time wondering how the tally of new unemployment claims can continue at skyhigh catastrophe levels while the unemployment rate has not gone vastly higher than it already has.

Head scratching from another direction – Number of new claims is steady at a level that is at least six times higher than it was right before the pandemic started yet the number of people drawing unemployment is declining.

How can that be?

 

Think I have finally sorted out the answer after several weeks of looking at additional data:

  • The number of new jobs created each week is running far higher than the number of lost jobs.

To get to this point for yourself, compare the number of people drawing unemployment with the change from week to week, add in the number of new unemployment claims, and then plug the difference as people who have gone back to work meaning they have found a job. It is too early for people to dropping off unemployment because their allowed weeks gas run out so the change in people drawing unemployment has to be new jobs. Let me know if I missed something in this concept.

Here is my analysis of the number of people drawing unemployment, the number of new claims, and the resulting number of new jobs:

week new back to # drawing
ended claims work unempl.
6/13/2020   1.54    20.29
6/20/2020   1.48  2.54    19.23
6/27/2020   1.41  1.88    18.76
7/4/2020   1.31  2.31    17.76
7/11/2020   1.30  1.72    17.34

 

Data source

Weekly press release from the Department of labor: Unemployment insurance weekly claims

Number of people drawing unemployment

Here is the weekly tally of people drawing unemployment, which is revised in the subsequent week:

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Settled matters outlined in the Declaration of Independence.

John Trumbull: The Declaration of Independence painted by John Trumbull. Photograph by Thomas Cizauskas is in the public domain (Public Domain Mark 1.0)

 

Several statements in the opening of the Declaration of Independence are settled matters. The issues are resolved. They are final.

If those key issues are not final but are instead malleable or alterable or subject to revocation the consequences will be horrible.

A speech by Pres. Calvin Coolidge explained this idea back in the 1920s. Let’s expand the concept of those ideas being resolved issues.

Please consider President Calvin Coolidge’s Speech on the 150th Anniversary of the Declaration of Independence on July 5, 1926.

He lists the three resolved issues:

“Three very definite propositions were set out in its (the Declaration of Independence) preamble regarding the nature of mankind and therefore of government. These were the doctrine that

all men are created equal,

that they are endowed with certain inalienable rights, and that

 therefore the source of the just powers of government must be derived from the consent of the governed.” (emphasis added)

He explained these issues are settled, resolved, final.

We can expand on those ideas. We need to bring them into further fruition. We can dive deeper into their meaning.

Setting them aside or replacing them means we go backwards. Declaring they are no longer true is regression to the ancient past.

More eloquently than I could ever describe, the president said:

“About the Declaration there is a finality that is exceedingly restful. It is often asserted that the world has made a great deal of progress since 1776, that we have had new thoughts and new experiences which have given us a great advance over the people of that day, and that we may therefore very well discard their conclusions for something more modern. But that reasoning can not be applied to this great charter. If all men are created equal, that is final. If they are endowed with inalienable rights, that is final. If governments derive their just powers from the consent of the governed, that is final. No advance, no progress can be made beyond these propositions. If anyone wishes to deny their truth or their soundness, the only direction in which he can proceed historically is not forward, but backward toward the time when there was no equality, no rights of the individual, no rule of the people. Those who wish to proceed in that direction can not lay claim to progress. They are reactionary. Their ideas are not more modern, but more ancient, than those of the Revolutionary fathers.”

Expanding those foundational concepts

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In spite of some preliminary signs of restoration of the First Amendment, there is resistance to the idea.

Image courtesy of Adobe Stock.

California and Minnesota may be taking tiny baby steps to reinstate the First Amendment to the bill of rights, but there are indications here and there of opposition to any such efforts.

This discussion will be posted on several of my blogs.

Excessive focus on the First Amendment is a “suicide pact”

5/23/20 – CNN – Federal appeals court upholds California’s ban on in-person Church services – A three-judge panel of the 9th Circuit Court of Appeals ruled the ban on in-person worship does not violate the First Amendment.

The ruling can be found here.

Astoundingly the ruling stated:

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Religious freedom partially reinstated in California and Minnesota.

The state governments of California and Minnesota have given their permission for people of faith to partially engage in the free exercise of their religious beliefs.

5/25/20 – Daily Bulletin –Newsom: California places of worship can reopen with limited capacity and San Francisco Chronicle – Newsom issues plans for places of worship in California to reopen at limited capacity – Places of worship in the state can begin having in-person worship.

At least that’s what all the headlines say.

Look at the detail for more than 15 seconds and you realize there’s only a fractional restoration of the free exercise clause of the First Amendment, along with the fractional restoration of the right to petition the government for redress of grievances.

Remaining restrictions include:

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It is even more important this year to remember that we are the land of the free because of the brave.

Image courtesy of Adobe Stock.

With our freedom under assault by many state and local politicians across the United States, it is more important than ever before that on this Memorial Day we remember those who shed all their blood so that we may be free.

A ‘thank you’ from me is so trivial.  I will demonstrate my appreciation for freedom purchased by others by exercising my freedom of speech today. Yesterday I exercised my freedom of religion. Today and tomorrow I will exercise my economic freedom, also called pursuit of happiness, by running my business the way I choose to do.

Following post was first published on May 29, 2017. It reprints an earlier post of May 30, 2011. I will update the discussion slightly. Deletions are struck through, new comments are in italics. This feeble tribute to those who have gone before will be posted across several of my blogs.

 

Image courtesy of Adobe Stock.

From May 29, 2017:

Those of us living in the United States are blessed with religious freedom, political freedom, and economic freedom because those who went before us fought for freedom.

Many of those fighting offered up their life for freedom and the offer was accepted.

I am humbled and grateful to God that some of my ancestors are included in the long list of those who fought. I am especially humbled that a great, great grand-uncle is in the list of those who died in the defense of freedom and the effort to crush slavery.

Because of their sacrifice, I get to enjoy this kind of freedom:

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Looks like the First Amendment is going to be restored to the U.S. Constitution.

Um, that’s not how this freedom thing works. Image courtesy of Adobe Stock.

It’s about time.

As of this morning, places of worship in California will be allowed to resume full operations in Phase 4, which will be at some distant point in the future, likely the end of the year or sometime in 2021. Vague comments by state authorities hint the opening date may be after a vaccine is in use.

In Illinois, full worship services will not be allowed until after a vaccine is in use, with the governor acknowledging that will be 12 or 18 months from now.

Another state, I lost track of which one, put worship in the last category to reopen, along with concerts and stadium-filled athletic events.

Other states and counties, too numerous to bother gather articles for specific citation, have placed worship services low on the list of places to open.

It now looks like the First Amendment may be put back in the Constitution after having been removed by a wide variety of governors.

Several recent events for you to consider:

  • Catholic and some Lutheran churches in Minnesota will resume worship on May 24.
  • Around 500 California churches (primarily Protestant) are reopening May 31, with or without permission.
  • Roman Catholics in Orange County will resume Mass on June 14.
  • CDC issued guidance for worship services.
  • California governor is thinking about maybe allowing worship again. Will let us know Monday, May 25.

This discussion will be posted on several of my blogs.

Why fuss over something like gathering to worship?

If you think I’m being too harsh on the long list of governors and bumbling public health officials who won’t allow in-person worship, be advised that too many of my relatives and ancestors fought for our freedom to let American freedoms be trampled upon.

Three of my relatives I personally knew came home from war with life-long physical or emotional injuries. Each suffered until he died.

One of my ancestors died in the effort to crush slavery and rebellion. His blood is in the ground at Champion Hills, east of Vicksburg.

The price paid for our freedom is measured in blood.

 

Reclaiming the First Amendment

5/20/20 – Tyler Bursch, attorney representing four named advocacy groups and over 1,200 pastors in the state of California – A Letter to Gov. Gavin Newsom from Churches / Declaration of Essentiality / Reopening May 31, 2020 – Letter indicates it is been signed by more than 1,200 pastors.

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The United States is in a mass casualty incident because of the lockdown. Damage to public health will get worse. Part 1 of 2.

Disaster exercise In Tel Aviv on November 11, 2010. Allegory to where the US public health will be in near term. Image courtesy of Adobe Stock.

The continuing lockdown is directly leading to a decline in public health. Large volume of articles for many weeks now have been pointing this out.

This is first of two posts describing just a sampling of recent articles. This will be posted on several of my blogs.

5/19/20 – A Doctor a Day letter-signed; letter to Pres. Trump signed by over 500 doctors – You can read the letter yourself at the link.

A mass casualty incident is currently underway in the United States.

Letter explains the assessment protocol in a catastrophe:

“During a mass casualty incident, victims are immediately triaged to black, red, yellow, or green. The first group, triage level black, includes those who require too many resources to save during a mass crisis. The red group has severe injuries that are survivable with treatment, the yellow group has serious injuries that are not immediately life threatening, and the green group has minor injuries.”

Goal of medical providers during such a catastrophe is to focus treatment on the red group while making sure the yellow and green groups do not deteriorate a level.

Assessment by the doctors of where we are in the United States?

Red – millions of Americans are currently at triage level red. There are normally 150,000 Americans who are given a cancer assessment each month.

We now have two months of no testing which means there are over 300,000 Americans who have detectable cancer, don’t know it, and have not started any treatment. An unknown but calculable number of those will die because of the lack of testing during the shutdown.

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Growing levels of devastation from the shutdown.

Recession by EpicTop10.com is licensed under CC BY 2.0

Previous post explains the County of Los Angeles intends to continue the stay-at-home orders for another three months. That will make five months of the economy being shut down. Poor people falling behind five months on their rent and car payments. Five months of no revenue for most businesses.

This discussion will be posted on several of my blogs.

To highlight the devastation caused by the shutdown here are merely a few of the recent articles to consider for the consequences of said shutdown:

Increase in suicides

5/7/20- Breitbart – Report: Suicide rise from lockdowns to kill more than coronavirus in Australia – Researchers at a university in Australia estimate there will be a doubling of the suicide rate in the country because of the economic lockdown. If that horrible estimate is even close to correct, far more Australians will die by their own hand than are killed by coronavirus.

Devastation in healthcare industry

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It is time to end the physical, emotional, and financial destruction caused by the lockdown.

With the ongoing shutdown we are getting way out there onto dangerously thin ice. Image courtesy of Adobe Stock.

We are past the point where the damage caused by the lockdown is greater than the damage caused by the coronavirus.  The damage could start compounding.  Here are just a few of the recent articles making this point:

4/22/20 – The Hill – The data is in – stop the panic and end the total isolation – A medical doctor says it is time for our leaders to examine the evidence instead of hypothetical guesses and then carefully let the country start operating again. He cites five factors ignored by people who want to keep the country in ongoing lockdown:

Fact 1: The overwhelming majority of people do not have any significant risk of dying from COVID-19.

Fact 2: Protecting older, at-risk people eliminates hospital overcrowding.

Fact 3: Vital population immunity is prevented by total isolation policies, prolonging the problem.

Fact 4: People are dying because other medical care is not getting done due to hypothetical projections.

Fact 5: We have a clearly defined population at risk who can be protected with targeted measures.

Keep in mind California will probably be on lockdown until August and Virginia may be locked down until a vaccine is in use.

Two severe medical problems are being caused by and will be prolonged by the severe lockdown.

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The 2010’s: best decade in history.

Image courtesy of Adobe Stock.

Matt Ridley explains the best improvement in living standards for us humans over a single decade is the decade that ends today, 12/31/19.

He explained his point from multiple directions on 12/21/19 in Spectator: We’ve just had the best decade in human history. Seriously.

A few of his points that caught my interest:

The rate of extreme poverty in the world has dropped from 60% when he was born to under 10% in this decade. If you ache to seek less people in dirt eating poverty that is a wonderful thing.

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Memorial Day: gratitude for those who did not return

Image courtesy of Adobe Stock.

 

To family and friends of those who did not return, I humbly say:

My deepest condolences on your loss.

From someone who appreciates the price paid for the freedom I cherish everyday, please accept my thank you on behalf of your loved one who paid the price that my family and I can live free.

“Thank you” is so little, but it is all I have to give you.

 

 

“Here rests in honored glory an American soldier known but to God” Tomb of Unknown Soldier 002 – Arlington National Cemetery – 2012 by Tim Evanson is licensed under CC BY-SA 2.0

 

 

Rosecrans National Cemetery, San Diego, California. Photo by James Ulvog.

Happy Birthday America!

Silhouette of charging Union soldier. “Happy Birthday America” by Steve Corey is licensed under CC BY-ND 2.0

Two hundred forty-one years ago today marked the start of this wonderful, fantastic, heaven-blessed, messy, delightful, powerful, flawed, and glorious experiment called the United States of America which has delivered unimaginable levels of freedom to hundreds of millions of people here in the US of A and contributed massively to the freedom of hundreds and hundreds of millions more around the world.

Happy birthday America!

If you want a really short description of this day, consider a photo of a sign on a store’s door I saw while browsing the ‘net:

Closed on July 4

in observance of

Brexit 1776

If you are looking for a brief description of the string of events which led to signing the Declaration of Independence and the follow-on events leading to full independence, (more…)

This is what the lack of freedom looks like

The cost of freedom. Image courtesy of Adobe Stock.

The cost of freedom. Image courtesy of Adobe Stock.

This freedom stuff is not just some abstract concept. The lack of economic, political, or religious freedom is ugly and painful.

If you want to see what the lack of economic and political freedom looks like, consider Venezuela today.

5/20 – Yahoo News – Venezuela, where a hamburger is officially $170 – That hamburger priced at 1,700 bolivars is US$170 at the official exchange rate. At black market exchange rates it is about a buck and a half.

Article reports that the middle class is sliding into  poverty. Keep in mind people are essentially paid at the official exchange rate.

Stores that sell anything other than food are closed. Article says nobody is buying anything other than food.

What is going on in Venezuela?

5/28 – New York Times – Venezuela Drifts Into New territory: Hunger, Blackouts and Government Shutdown – The New York Times notices the devastation afflicting the people of Venezuela.

Government offices are only open two half-days each week.

Article says protests at empty grocery stores are turning violent.

The bottler producing Coca-cola products cannot find sugar so it is halting production.

Other suffering this article doesn’t mention:

No toilet paper on the grocery store shelf and no international phone service.

The country’s largest beer producer can’t get enough foreign currency to buy hops so it has stopped making beer.

Water is rationed.

Electricity is only available sometimes and randomly at that.

Infants are dying in hospitals because of lack of medicine and respirators.

Back to the NYT article.

When water is on, people are gathering some in spare buckets for use later. The water (when available) is brownish and is making members of one quoted family sick. Many people say either lack of washing or the water itself is causing illness.

What is the cause of this suffering?

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Why I am so optimistic – 2

200 years ago subsistence agriculture was the norm across the planet. Photo courtesy of DollarPhotoClub.com

200 years ago brutal poverty was the norm across the planet. Not so today. Photo courtesy of DollarPhotoClub.com

Previously mentioned when I look at long-term economic trends I am incredibly optimistic. When I look at the headlines this morning or news from the political world, I am very discouraged.

(Cross-post from my other blog, Nonprofit Update.)

To see one illustration of why I am so optimistic for the long-term, check out a column by Glenn Reynolds at USA Today: Actually, things are pretty good / Free markets and free inquiry have changed the historic ‘norms’ of poverty and violence.

Earlier post summarized in one paragraph what caused this radical improvement.

Here are a final two points from the article I’d like to highlight:

Second, it is possible for us collectively to turn back history.

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Why I am so optimistic – 1

200 years ago subsistence agriculture was the norm across the planet. Photo courtesy of DollarPhotoClub.com

200 years ago brutal poverty was the norm across the planet. Not so today. Photo courtesy of DollarPhotoClub.com

When I look at the political news or any news in general I get very pessimistic about our future.

In contrast, when I look at the amazing things happening beyond the headlines in today’s newspaper I feel incredibly optimistic.

Consider that private companies are developing the technology for space exploration. Consider the energy revolution created by hydraulic fracturing and horizontal drilling. Consider radical changes in technology that are making so many things easier, faster, and cheaper. Consider that anyone that wants to do so can publish their own book, distribute their own music, or create a feature movie.

As a tiny illustration, look at my company and pastimes. Technology allows me to run a high quality CPA practice without any staff. In my spare time I am a publisher and journalist. Anyone in Europe or North America or most of Asia could easily do the same and at minimal cost.

(Cross post from my other blog, Nonprofit Update.)

When I look at long-term economic trends I am incredibly optimistic.

For yet one more explanation of why that is the case, consider a column by Glenn Reynolds at USA Today: Actually, things are pretty good / Free markets and free inquiry have changed the historic ‘norms’ of poverty and violence.

Until relatively recently, an illness-filled short life of dirt-eating poverty was the normal condition for practically everybody on the planet. In the last 100 or 200 years life has gotten radically better for practically everyone.

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