RUTHFULLY YOURS

https://www.cnbc.com/2020/05/28/weekly-jobless-claims.html

First-time jobless claims totaled 2.1 million last week, slightly ahead of the 2.05 million Wall Street estimate.
Continuing claims plunged by nearly 4 million to just over 21 million, probably a clearer representation of the jobless level.
The high jobless numbers persist even as all states have reopened their economies to various extents.
Nearly 41 million jobless claims have now been filed since the coronavirus was declared a pandemic.

First-time claims for unemployment benefits totaled 2.1 million last week, the lowest total since the coronavirus crisis began though indicative that a historically high number of Americans remain separated from their jobs.

Economists surveyed by Dow Jones had been looking for 2.05 million. The total represented a decrease of 323,000 from the previous week’s upwardly revised 2.438 million.That decline in continuing claims “suggests that the reopening of states is pushing businesses to rehire some of the people let go when the virus hit,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics. However, Shepherdson noted that some of the data, particularly from California, remains noisy and may not be an accurate representation of some states’ situations.

https://www.foxnews.com/politics/nyc-to-begin-phase-1-of-reopening-in-the-first-or-second-week-of-june-amid-coronavirus

New York City Mayor Bill de Blasio said Thursday that the city will begin “Phase 1” of its reopening in early to mid-June, making it the last part of the state to reopen after the coronavirus lockdowns.

De Blasio, during his daily press conference Thursday, said that New York City is “now in a position to start opening things up phase by phase.”

“I’ve been cautious,” de Blasio said Thursday, noting he’s been focused on “health and safety, and how and when to take steps to start” reopening.”

De Blasio, though, warned that when he says “restart,” he does not mean ”rushing back to something normal.”

“It’s not just flicking a switch,” de Blasio said, noting that he is working to “make sure” that the city can “avoid a resurgence.”

De Blasio did not offer a specific date for the reopening of New York City, but said that “based on what we know today,” the reopening will begin “in the first or second week of June.”

De Blasio did say, however, that the city is launching an initiative next week for companies that are considered “Phase 1 companies” to help them navigate the reopening for their specific industries. The mayor added that if the city gets the first phase “correct,” it “will be that much nearer to Phase 2 and other phases.”

De Blasio estimated that between 200,000 and 400,000 employees will return to work during “Phase 1,” and said he is working with the Metropolitan Transportation Authority (MTA) to work out how mass transit will operate. De Blasio noted that as more staff return to work, MTA subway services “can increase.”

https://www.city-journal.org/florida-evidence-based-reopening-working

For a moment in April, the Internet tried to cancel Florida. Photos showing crowds flocking to Jacksonville Beach amid the Covid-19 pandemic brought the hashtag #FloridaMorons to the top of Twitter. The media eagerly spun scenes of ignorant spring breakers endangering themselves and others. Nearly two months after America’s first case of coronavirus, here was Florida’s Republican governor, Ron DeSantis, joining neighboring state Georgia’s “experiment in human sacrifice” by letting locals lift restrictions on their own.

Nearly a month later, Jacksonville’s Duval County reports new Covid-19 hospitalizations in the single digits. Rates of hospitalizations, cases, and deaths remain steady across Florida. So far, fewer Floridians have died of the novel coronavirus than in New York’s nursing homes alone (2,259 compared with 5,800, at least). More than half of the state’s known cases of Covid-19 are found in just four South Florida counties—the top out-of-state destinations for fleeing New Yorkers. As Politico recently concluded, “Florida just doesn’t look nearly as bad as the national news media and sky-is-falling critics have been predicting for about two months now.”

There’s still a lot that we don’t know about mitigating Covid-19, but Florida’s approach—a decentralized health response with targeted lockdowns and quarantines reinforced by voluntary social distancing—appears to have worked. Other populous states adopting this approach, such as Tennessee, have seen similar success. Governor DeSantis’s experience suggests that it is possible to keep a lid on the coronavirus even while gradually reopening.

https://www.nationalreview.com/corner/why-does-the-cdc-think-the-covid-19-fatality-rate-is-so-low-and-why-wont-it-tell-anyone/?utm_source=recirc-desktop&utm

Last week I was searching the Internet for some COVID-19 statistic or other, and I came across a new CDC website. The site featured some numbers the federal government is using to model the spread of the epidemic. One in particular caught my eye: 0.4 percent, the “current best estimate” of the disease’s “case fatality rate.” The document also said that 35 percent of infections are asymptomatic, which suggests the infection fatality rate is just 0.26 percent.

These numbers struck me as low for several reasons. For one thing, the virus has already killed 0.2 percent of all New Yorkers, and obviously a much higher percentage of those who’ve actually been infected in the city. For another, if we’ve had 100,000 deaths nationwide and a CFR of 0.4 percent, that means we’ve had 25 million symptomatic cases; including cases without symptoms, more than 10 percent of the entire country has been infected, which seems out of sync with what we’re hearing from serology tests. Individual studies and reviews of the evidence tend to put the infection fatality rate somewhere around 0.5 to 1 percent, though there’s at least one dissenting review that puts it lower (while managing not to include any studies finding a fatality rate above 0.5 percent, of which there are plenty).