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Transcripts For BLOOMBERG Bloomberg Markets Americas 20240711

Net 245 thousand people went back to work in november. That is significantly slower than we have seen every month since we started gaining again. Private payrolls, only 344,000. Last month in october, that was 877,000. The unlimit rate does fall to 6. 7 , but that is in large part because fewer people were in the labor force looking for jobs. Heres the thing that i think is really going to be important as we look at how the pandemic reshaped the economy. You look at what happened with retail hiring. 35,000 jobs lost in retail in a month when they are usually hiring for holiday sales. Createdad 118,000 jobs in the warehousing and courier sectors, which are the people who work for the online sales departments. It is a real change. Finally, the total labor force is still 9. 8 million below where it was in february. So no matter how well we have come back, no matter what that initial v looks like, it is starting to flatten out now, and you still have almost 10 Million People who had jobs i

Transcripts For KGO ABC7 News 600PM 20240713

New at 6 00, abc7 news iteam reporter Melanie Woodrow takes a look at whether the bay area has enough hospital beds to handle an expected patient surge. Reporter covid19 is testing and stretching californias Health Care System to its limits. An abc7 news iteam analysis found if 1. 2 of the bay area population has covid19 at one time, and 15 of those people are hospitalized, local hospitals could run out of beds. According to state data, the bay area has less thantwo hospital beds per 1,000 people. San mateo, sonoma and contra costa counties have even less, just 1. 4 beds per 1,000 people. Compare that to italy, a country that has more than three beds per 1,000 people and still whose hospitals were overrun when Coronavirus Infection rates reached their peak. The numbers alone do not paint a positive picture, but californias Hospital Association president and c. E. O. Carmella coyle is urging people to look past the numbers and trust californias Health Care System will flex based on nee

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