Skip to main content
Upcoming Event
RIA 2025 ECONOMIC SUMMIT
Jan 18, 2025 at All Day
Jan 18, 2025 at All Day
Contact Us
855-742-7526
Site Search
        • ACTIONS

          Join Our Daily Newsletter

          Daily Market Commentary

          DMC- Subscription - Mega menu Invest

          This field is for validation purposes and should be left unchanged.
        • ACTIONS

          Join Our Daily Newsletter

          Daily Market Commentary

          DMC- Subscription - Mega menu retire

          This field is for validation purposes and should be left unchanged.
        • ACTIONS

          Join Our Daily Newsletter

          Daily Market Commentary

          DMC- Subscription - Mega menu Insure

          This field is for validation purposes and should be left unchanged.
        • ACTIONS

          Join Our Daily Newsletter

          Daily Market Commentary

          DMC- Subscription - Mega menu benefits

          This field is for validation purposes and should be left unchanged.
Connect With Us
Invest

Shedlock: 62-Million People Had No Pay Last Week

Over 62 million not-retired people had no pay last week.

Household Pulse Charts

For reference, I used the data from Household Pulse Surveys by the Census Bureau to create this series of charts.

This is week #12. The collection of the data ran between July 16, 2020 to July 21, 2020.

Here are some additional charts from the survey data.

No Pay 

Household Pulse Survey - No Pay Jul 21

Nearly 100 million people reported no pay in the reference week. Of those, 37,744,514 had retired. 

62.173 million people are not retired and received no pay. 4.293 million said they did not want to work. 

Those with no pay, but not retired, bottomed on June 23 at 55.780 million. 

Some people who are retired still want to work at least some hours. 

Number Employed

Household Pulse Survey - Number Employed  Jul 21

130.003 million people received pay in the reference week. The number of people employed peaked at 134.855 million for the survey ending June 16.

Did Not Work

Household Pulse Survey - Did Not Work  Jul 21

117.952 million people did not work in the reference week.

Those that are technically retired still want to work at least some hours. 

Expect Income Loss

Household Pulse Survey - Expect Income Loss Jul 21

87.333 million people expect an income loss in the next four weeks. Income loss is by household, not individually.

Clock Ran Out 

As noted on Sunday, the Clock Just Ran Out on $600 in Weekly Unemployment Benefits.

Roughly 130 million people are receiving some form of pandemic aid. 

Those with little or no pay will get hammered this week.

“So Far Apart on Covid Deal That We Don’t Really Care”

These are huge numbers, especially the 62 million who received no pay at all.

Nonetheless, Trump says “We are So Far Apart on a Covid Deal That We Don’t Really Care”

FacebookLinkedInTwitterEmailPrint

Never miss our content again!

Subscribe Now

Daily-Market-Commentary
the-bull-bear-report