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Second Stimulus Check Update July 2nd 4.8 Million New Jobs In June Will This Impact Stimulus Checks? - YouTube
Channel: The TEC Show
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what's going on everybody David here so
today I'm gonna talk about the job
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numbers they are in so we're gonna talk
a little bit about that but first off on
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this channel we talked about personal
finance for travelers if that sounds
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hit that subscribe button don't forget
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alright so we see the job numbers they
have come in and we're looking at 4.8
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million new jobs in June now we're gonna
have to look at this because there's
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some things in here that are that might
be a little concerning and the and we're
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all talking about the stimulus package
stimulus checks are we gonna see another
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stimulus package well this gives more
ammo to the Republicans in the Senate to
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say no you know what we're done we're on
our way up there's no reason to
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stimulate the economy anymore but it's
going to be interesting to see how this
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all plays out but right now yeah four
point eight million new jobs that's good
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that's a good thing a lot of the jobs
are people going back to work so we
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still haven't seen the the situation
where you have people who don't have a
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job to go back to we haven't seen that
yet but when we start seeing that that's
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when I think the numbers are really
gonna slow down as far as the the new
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jobs every month and another thing that
needs to be looked at is these the
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survey was taken about three weeks ago
so it's not showing the last two weeks
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in the last two weeks in June we saw a
rise in Cove in nineteen so that's going
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to have an effect as well because there
are some states large states like
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California and Florida that are starting
to shut down again in Texas is another
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one they're starting to shut down so
that means that some of these jobs that
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were gained in June are not going to be
there in July so the numbers might
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change in July now how does this how is
this going to affect the stimulus
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package and similar checks I think it
will have a major effect because now
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we're looking at a situation where these
senators are going to go back they're
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going to come back from recess late July
they're going to go ahead and hash
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out a stimulus package stimulus checks
and and we're hoping there'll be
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stimulus checks but they are gonna hash
out a stimulus package and it'll be
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interesting to see how they play this
they might just go and say yeah you know
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what we don't need more stimulus checks
at this point and the stimulus package
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can be a lot less because people are
going back to work although if the Cova
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19 numbers continue to increase they're
going to be pressured because they're
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gonna know or at least they should know
that the July job numbers are not going
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to look the same they're going to be
worse so it will be interesting to see
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how they play this out we have the
unemployment rate has dropped to 11
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percent so that's that's good
I mean these are good things but are we
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truly out of the woods are we still
struggling to get out of woods and
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that's what we're gonna have to see now
Trump yesterday just yesterday was
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talking about stimulus Jackson talking
about direct payments talking about
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enhanced unemployment and so the fact
that he was talking about that yesterday
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it'll be interesting to see where he
goes with it today and from this day on
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as far as is how he wants to does he
still want direct payments is he still
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pushing for that so Trump said he wanted
direct payments larger than what the
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Democrats want so the Democrats right
now they're saying that they want $1,200
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that's what they approved in the heroes
Act so he's saying he wants it to be
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larger than that and I posted a video
yesterday you can check it out right up
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here and it's interesting because if he
wants it larger is he still gonna stick
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with that or is he gonna pull pull back
from that and say I didn't mean stimulus
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checks I meant something else who knows
what would he wants when it comes down
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to it but yeah it will be interesting
now are they still gonna push for the
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back to work bonus that's another thing
so if you have people who were going
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back to work and these numbers the the
projection was was about about 2.9
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million so around 3 million new jobs
they went over that's 4.8 million so
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does that mean when it comes down to it
the back to work bonus or you don't
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really need that anymore
that that's something else that will be
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interesting to see how they how they
play with that so there are so many
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different things that are
going on right now and I'm glad the
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numbers look good but I hope that the
Senators realize that a lot of these
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people are people who were on furlough
for the last couple of months and
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they're coming back to work and it's not
an indica it's not a good indicator at
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this point where exactly we are so
although this is good news I think we
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really need to be cautious and we have
to understand - and in the last week 1.4
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million people filed for unemployment so
we still have people filing for
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unemployment even though some people are
going back to work so just I want to
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know what you guys think about this
whole thing so post it down below what
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do you think about the jobs numbers do
you think we're still gonna get a
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stimulus check that that should be
something that is is on everyone's mind
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now after we're looking at these job
numbers do you think that the Senators
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are just gonna say hey everybody's good
looks like things are gonna just handle
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themselves so we can just step back and
let it go or do you think we still need
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to stimulate the economy because I think
in just my opinion I think that would
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make things go even faster if we start
stimulating the economy right now
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because these jobs these these companies
that are opening back up if they're
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starting to make money again then
they're gonna start hiring more and more
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employees and I think that would allow
the the numbers to look better but we
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won't know and if we're looking at a
situation right now where kovat 19 is is
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starting to rise again and just like in
June the middle of June that's when they
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do their survey so that's when they pull
these numbers so the middle of July
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they're gonna pull the numbers as well
so if we see a rise in Kovan 19 mid-july
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when they do the survey the numbers are
probably gonna they're not going to look
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the same they're not going to look as
good and so what that will mean is right
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after they they vote on the next
stimulus package then we'll find out the
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number so that first week of August
we'll find those numbers out for July
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and it could be a situation where we're
starting to get stimulus whatever it's
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the most package if there's no stimulus
checks or if there is still no checks
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we're gonna start seeing that in August
but the job numbers might be going down
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at the same time so this will be
interesting to see how the
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senators react to this I don't know what
the president is really gonna say when
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it comes down to it now that he's
already said that he wants to do his
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checks and and all this stuff he wants
it to be larger I don't really know what
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he's gonna say but I know some senators
are gonna come up today and probably say
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yes this is more evidence that we're
back on track and we don't need any more
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stimulus package or stimulus checks or
anything like that now they could say
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let's wait another month so let's wait
into August which they can't really wait
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into August because Mitch McConnell a
couple of days ago he announced that
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they're not coming back in August so
they're gonna be on recess all of August
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they did have one week that they that
they would be coming back that's what's
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on the calendar but it looks like
they're gonna take that week off as well
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and take that whole beyond recess all of
August just like the house they'll be on
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recess all of August so nothing will get
done in August so they this could be a
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situation if they do push it back and
don't do anything in July at all well
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then we're potentially seeing this going
to September before they look at doing
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another stimulus package and that could
very well happen now that the numbers
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are looking better so it's it's this is
this is one of those things it's it's
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moving but we're gonna have to just wait
and see where they are when it comes
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down to it but this gives them gives the
Senators some more ammunition when it
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comes down to more stimulus checks in
another stimulus package but let me know
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down below let me know what you guys
think about this whole situation do you
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think it's I mean obviously it's good
that the job numbers are good but do you
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think it's bad for another stimulus
package let me know down below if you
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like this video please give me a thumbs
up please subscribe for more and I'll
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talk to you the next one all right
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