"Hanging around the 800k+ level is still not a good place to be, especially going into the winter."
“The pace of jobs recovery apparent in today’s report suggests that we will be counting the employment recovery in years, not months or quarters."
The slowing job growth is “a warning that the recovery could go into reverse this fall without further government support.”
Core inflation rose 0.6% last month, the largest gain since January 1991, as the disinflationary impact of the coronavirus continued to wear off.
"The downturn was so big — the hole that was dug was so deep — that it will still take probably at least a couple of years to dig ourselves out."
"The states may be opening back up, but the labor market is still closed for millions across America."
The coronavirus crisis drove consumer prices into "a disinflationary shock" last month despite government efforts to stimulate the economy.
“The jobs report from hell is here — one never seen before and unlikely to be seen again barring another pandemic or meteor hitting the earth."
Weekly claims since the coronavirus shut down the economy now exceed the number of jobs added since the Great Recession.
“Deflation is likely to take hold over the next few months as businesses slash prices in response to much lower demand from the coronavirus outbreak."
Job losses amid the coronavirus pandemic amount to "a staggering, sudden blow to American workers never seen before in the U.S. economy."
"The disinflationary impact from the [coronavirus] and the crash in oil prices will exert even more downward pressure on prices."
