Update: Under Obama Orders The Biden Administration Will Intentionally Destroy the Economy Through Kill Shot Mandates, Resulting in FEMA Food Lines and Lockup Camps in the Fall of 2022

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Last weekend, something remarkable (or delightful, if one is a stock bull) occurred: with the US economy on the verge of recession, with inflation topping out, and with the housing market about to crack, the last pillar holding up the US economy (and preventing the Fed from continuing its tightening plans beyond the summer), the job market, had just hit a brick wall as revealed by real-time indicators such as Revello's measure of total job postings, which plunged by 22.5 percent, the largest percentage (we also listed several other labor market metrics confirming that the job market was about to crater).

To fast forward to today, one day after we discovered that initial jobless claims continue to rise after hitting a generational low in March, and as company after company is warning that it will freeze hiring in the midst of a historic profit margin crunch - if not announce outright layoff plans - Piper Sandler has compiled all of the recent company mass layoff announcements, it is important to note that this information comes one day after we discovered that initial jobless claims continue to rise after hitting a generational low They are, to put it another way, shocking.

In response to the recent uptick in job cuts, the head economist of Piper Sandler, Nancy Lazar, said that "post-covid rightsizing indicates that much more layoffs are coming." She also mentioned that "many firms overhired and overpaid during the Covid crisis." Lazar also points out the obvious, saying that "the stay-at-home bubble was a bubble, and not a "new paradigm" of goods consumption." This indicates that "a right-sizing cycle is coming, with less growth in employment and salaries," according to Lazar.

According to Piper Sandler, the repercussions are as follows, and they are quite stunning:

Because many industries producing items that gained from the epidemic suddenly realize they added too much capacity, layoffs might reach one million people or even more (as involuntary admissions make clear).
Workers with low incomes, who saw the most rapid salary rise during the recession, are now at the greatest danger of losing their jobs, and those who do keep their jobs should expect considerably slower wage growth in the future.
In the second half of the year, it is expected that the increase in payrolls would slow down to an average of only 100 thousand a month, down from over 515 thousand per month through April.

According to the calculations done by Morgan Stanley, the poorest quintile in America now has less "excess cash" than they did before the covid was introduced. While the aforementioned implications are shocking for the economy of the United States as a whole, they are especially detrimental for this group. In other words, the bottom quintile of income earners is now at a lower level than it was before to the big stimmy bonanza that Biden orchestrated. And with each passing month, one additional quintile will be pulled beneath the surface.

It is not necessary for the labor market in the United States to fall into complete cardiac arrest in order for it to experience a significant slowdown in wage growth. After handing out sizeable salary increases over the course of the previous year, companies are now becoming more cautious with their cash over the concern that further large payouts will eat into profits, according to staffing companies, business owners, and recent surveys. This is according to a report that was published by Bloomberg today. And sure enough, it's the case.

"We've reached a level of wage inflation where employers are going to say, 'I've done as much as I can,'" said Jonas Prising, chief executive officer of ManpowerGroup Inc., a staffing company based in Milwaukee that serves more than 100,000 clients worldwide. "We've reached a level of wage inflation where employers are going to say, 'I've done as much as I can.'" "My clients and customers won't tolerate my passing these expenses on any longer, therefore we need to get started mitigating them."

According to the chief economist at the Burning Glass Institute, Gad Levanon, the job market in the United States is shifting from one that was driven by the pandemic to one that is more traditionally tight because unemployment rates are low. In the pandemic-driven job market, many Americans were not actively seeking work due to fears of the virus and related issues. Tom Gimbel, the chief executive officer of the employment agency LaSalle Network, which is located in Chicago, said that "every organization still needs employees, but they don't need hundreds of people." When it comes to employing new employees, they are being more selective than they were the previous six months.

Beveridge Well Drilling Inc. is one of the businesses that is suffering the effects of this. The firm, which is situated in Nebraska, has increased the hourly salary it pays for physical work to $16.50, up from $12 about a year ago. According to the vice president of construction, Brandon Jones, the company is unable to fill all of the available positions despite offering "100 percent" health care coverage and other substantial bonuses.

And although the company is capable of increasing its hourly rate to around $18 an hour, Jones has said that this is "about as high as we believe we can accomplish" in light of escalating expenses associated with gasoline and supplies.

All of this raises the question: certainly, it's possible that Vice President Biden is scared about the rising cost of living....

... but for how much longer will he put up with an economy (and for how much longer will an economy put up with him) in which millions of people are not just set to see their earnings "revert back to normal" if they are fortunate, but many other millions of people are about to lose their jobs?

As for the Federal Reserve, however, seeing that the Citi US Eco surprise index has already begun to plummet...

... one can only imagine where it will go not if but when we get a negative payrolls figure in one of the following months, and what that would do to the Fed's intentions to raise interest rates.... one can only think where it will go.

OSHA Kill Shot Vaccine Mandate Released, 84 Million Workers Face Jan. 4 Deadline

The Biden administration from "HELL" has released the new rule from the Occupational Safety and Health Administration (OSHA) requiring 84 million private sector workers to get vaccinated for COVID-19 by Jan. 4, 2022.

The administration has also announced its rule from the Centers for Medicare & Medicaid Assistance (CMS) requiring 17 million health care workers participating in federal health programs to be vaccinated.

The White House is also pushing back the deadline for workers in those sectors as well as federal contractors to get fully vaccinated to Jan. 4, 2022, according to a senior administration official.

The OSHA rule requires employers with 100 or more employees to put vaccine requirements in place for all staff or face fines of up to $14,000 per violation. The agency is allowed to put into place an Emergency Temporary Standard (ETS) when it determines workers are at “grave risk.”

Under the rule, workers who are not vaccinated are required to submit a weekly negative COVID-19 test at no expense to their employer. Unvaccinated workers are also required to wear masks when on the job. Health care workers do not have the testing option.

The rule takes effect immediately upon publication, scheduled for Friday, in the federal register.

White House officials say the new ETS is well within OSHA’s authority under the law and consistent with OSHA’s requirements to protect workers from health and safety hazards, including infectious diseases.

Officials claim there is well-established legal precedent for OSHA’s authority to evaluate existing scientific evidence and apply data to develop safety and health standards.

Several Republican governors and attorneys general have vowed to fight the new rule in court.

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But according to a report by Bloomberg Law, the new rule could also have financial consequences for unvaccinated employees.

Based on sources it did not name, Bloomberg said the rule will give employers the option of making unvaccinated employees pay for the testing and masks required by the law.

Some employees would qualify for an exemption under federal law.

In a separate article, Bloomberg explained the possible rationale for putting the fiscal burden on workers.

“After all, making the fallback route of weekly testing a financial burden for the employee would encourage more folks to take the vaccination pathway. The administration in the process would tamp down business opposition by delivering on a key industry ask — relief from being forced to shoulder those costs — while giving employers the option of absorbing testing costs if they fear losing workers,” the outlet reported.

Jordan Barab, a former OHSA official, said the Biden White House most likely pushed for the provision, which he called a “really bad precedent.”

“OSHA’s always had a firm policy that employers pay for all required tests and equipment,” Barab said, noting the possible exception of work boots. “This would be totally unprecedented and therefore set a bad standard for future OSHA requirements.”

Source: HNewsWire   HNewsWire   TPT   Reference

StevieRay Hansen
Editor,
HNewsWire.com
[email protected]

Remember, the first people Hitler put in concentration camps weren't the Jews. The first people were the intellectuals, because if you take the intellectuals and the doctors off the street, if you stop people from talking, you can control the people.

You can’t say no, you can’t sue for harm, and you can’t see the data underlying the government’s claim that the product is safe and effective. That seems fair.

HNewsWire: “In October, November and December, There Will Be a Terrible Death Rate, Globally” Will Occur “Exclusively” With Vaccinated People. “Those Deaths Will Be Labeled Swiftly as a New Variant Strain of Covid

3 Comments

  1. ragman57 on November 6, 2021 at 9:21 pm

    He also criticized the fact that society is vaccinating and mandating the vaccine for large portions of the public despite the raw data on the safety and efficacy of the vaccines not being available yet.

    “So while we are told to keep following the science, what we are following is not a scientific process based on open data, we are following a process where the data are secret, and in my view there is something very unscientific about that,” Doshi said.

    Levi told the panel “scientists in the most prestigious journals assert that the vaccine is safe, failing to report on serious side effects such as deaths.”

  2. Edward O'Hara on November 6, 2021 at 9:21 am

    I’ve received several calls from friends for prayer regarding this issue. People are worried they won’t be able to pay their bills. But, I help them see that the greater issue is what a decision to take the jab for temporary provision will do in eternity. This is a Rev.13 conundrum. While it may not yet be the mark of the beast. It sure has many of the earmarks of being the precursor to it.
    Maranatha!!

  3. ragman57 on November 4, 2021 at 7:25 pm

    Amy and Abby Alvo from Los Angeles, California, whose daughter suffered an adverse reaction from her first dose of Pfizer vaccine, having been denied a medical exemption twice, she will be kicked off her collegiate cheer team if she is not fully vaccinated.

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