674: The recovery going great guns @genemarks @Guardian #SmallBusinessAmerica @Guardian
Image: National Association of Manufacturers sign, Dubuque, Iowa Gene Marks, @genemarks @Guardian #SmallBusinessAmerica @Guardian, Philadelphia Inquirer, and at TheHill; in re: All good news—the virus is still here but the recovery is going well. Unemployment report: 6.9%. October employment; 638,000 jobs added, even though Chicago, New York , San Francisco aren't open yet. Big gains are in travel and leisure. Small and mid-sized firms have added jobs. Rising Covid cases and the potential for continuing shutdowns are all that worry now. The “second wave” and “second lockdown” are defied in the UK; epidemiologists there remark that the peak of the second wave is passed. Gene will fly to Orlando for a conference. Manufacturing is picking up—inventories got too low. Beige Book: many employers are having difficulty finding workers. Part-timers drop https://1.bp.blogspot.com/-bd_DOyoVg4k/X6VYa5_IDII/AAAAAAAA26s/eKxBMHHfDxkrcWyDQhrsoaTOMB5hQJekQCLcBGAsYHQ/s1020/PartTimeOct2020.PNG Economic activity in the manufacturing sector grew in October, with the overall economy notching a sixth consecutive month of growth, https://www.prnewswire.com/news-releases/manufacturing-pmi-at-59-3-october-2020-manufacturing-ism-report-on-business-301164898.html Economic activity in the services sector grew in October for the fifth month in a row https://www.prnewswire.com/news-releases/services-pmi-at-56-6-october-2020-services-ism-report-on-business-301166026.html