music.

Welcome to the commentary magazine daily podcast. Today is Thursday, July 2nd, 2020. I am John

Bout Hortz, the editor of commentary magazine with me as always executive editor Abe Greenwald. Hi Abe.

Hi John. Associate editor Noah Rothman. Hi Noah. Hi John. And senior writer Christine Rosen.

Hi Christine. Hi John. So we got unexpectedly great news this morning about the unemployment

rate and the jobs, this massive boreback of the economy. What is the jobs growth number again?

Is it 4 million? 4.8 million. 4.8 million. Now remember, I mean this is off, you know, the loss of

this amount of care remember was at 15 million jobs. I mean, the number was insane but nothing

like this has ever been seen before either. Growth of 4.8 million a month was of course,

indicates that the economic shutdown was an artificial event and that the economy was

strong and that the removal of the emergency orders in various places simply meant that there was

a significant snapback much more heartening than I think anybody expected this. I think

all projections by almost 2 million like people thought of 2.9 and 3.2. I'm not sure which is which.

Right. Okay so more than a million certainly if not 2 million and as Noah who I should inform you,

Noah understanding the nature of the garbage that we have allowed ourselves to submerge in

over the past decade Noah finally deleted Twitter from his phone in order to achieve a certain

degree of psychic peace. It is an act of self-care. Yes so Noah this morning logs on to Twitter and

it instantaneously of course sees explanations on Twitter of why this news isn't really good news.

Oh it's terrible. This is terrible actually. You have no idea how terrible. How's that there?

Well Noah. There's not I mean there's not great news here too. There's the permanent job loss

has likely increased significantly which is super bad right and we should all be cognizant of how

bad that is and you know the variety of other ecstasy could delve in from the data but also likely

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