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Market Talk June 1st
Armstrong Economics ^ | June 1, 2021 | Martin Armstrong

Posted on 06/02/2021 3:00:13 PM PDT by delta7

US/AMERICAS: The US economy added 600,000 positions in March. However, 8.1 million jobs remain vacant, according to a report released today by the US Chamber of Commerce. “More than 90 percent of state and local chambers of commerce say worker shortages are holding back their economies, and more than 90 percent of industry association economists say employers in their sectors are struggling to find qualified workers for open jobs,” the Chamber stated on Tuesday. Chamber President and CEO Suzanne Clark said there is an official labor shortage that is worsening each day. A poll found that nearly 70% of businesses reported it “very difficult” to fill positions. The worker-to-job ratio sits at 1.4 workers per vacant position. Historically, the ratio has been 2.8 workers per vacant job. The first states hit the hardest, according to today’s report, were South Dakota (0.6), Nebraska (0.8), Vermont (0.8), Kansas (1), and Indiana (1). The Chamber is urging Washington to “remove barriers that prevent people from entering the workforce, get individuals the skills they need for the open positions, and enact sensible immigration policy.” The Supreme Court rejected Johnson & Johnson’s appeal to overturn its asbestos baby powder lawsuit. The suit was filed after it was found that talc products such as Johnson and Johnson’s popular baby powder contained cancer-causing asbestos. Worse, women reported the powder has led them to develop ovarian cancer. The company is facing nearly 22,000 lawsuits for it’s asbestos-containing products. Former Solicitor General of the United States Ken Starr said that the company knew of the issue decades ago but decided not to change their formula due to the costs involved. “They could have protected customers by switching from talc to cornstarch, as their own scientists proposed as early as 1973. But talc was cheaper and petitioners were unwilling to sacrifice profits for a safer product,” Starr said.


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: antivaxnutjobs; johnsonandjohnson
Trusting our big Pharma to make vaccines is just plain stupid. No time to post Moderna and others track record and lawsuits, do your research. MRNA based vaccines are evil, Johnson and Johnson same. The Supreme Court ruling on J and Js cancer lawsuit is very telling. Americans have been had ( those that rushed to get the jab).
1 posted on 06/02/2021 3:00:13 PM PDT by delta7
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To: delta7

Good post—Big Pharma has proven that will put profits above health anytime they get the chance...


2 posted on 06/02/2021 3:02:31 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: delta7

Just an excuse to bring in more wetbacks.


3 posted on 06/02/2021 3:06:32 PM PDT by HighSierra5
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To: delta7

I’m getting so much pressure to get the INJECTION of unknown origin and contents....


4 posted on 06/02/2021 3:10:31 PM PDT by cherry (we are the dominionated)
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To: cherry

Go ahead and you can get your body changed into whatever the aliens or (Bill Gates) have up their ‘sleeves’ next in their ongoing genetic hybridization projects ...


5 posted on 06/02/2021 3:32:54 PM PDT by PIF (They came for me and mine ... now its your turn)
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