The Great Blue Opening?

California Governor Newsome is now reopening his economy and relaxing his draconian restrictions as California saw big spikes in unemployment as 50,000 jobs disappeared including 117,000 in the bar, restaurant and hospitality business. Since December 2019, a million jobs disappeared and over 1.4 million have signed to recall the governor.

So obviously the governor has decided that maybe living with the virus is better than continuing to trash the economy. While the overall US economy has seen a dropped from 14.4% in April to 6.7% in December, the economy is waning due to the blue state economic restrictions.

Most of the job losses in December came in blue states in bar, restaurant and hospitality industry due to the lockdowns and we will see more tomorrow when state data comes in.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s