The New Normal, Economic Collapse and Distress of Nations; ‘A devastating experience:’ Temporary layoffs just became permanent for millions of American workers

By Chris Isidore, CNN Business Updated 9:12 AM ET, Mon October 5, 2020

https://www.cnn.com/2020/10/04/business/unemployed-workers-permanent-job-losses/index.html

New York (CNN Business) Jennifer Lorincz loved her job as a sales manager for a fabric company, even though it meant traveling across six states from New York to Indiana. But in August, she joined what has become the fastest growing part of the labor market — workers who have permanently lost their job.

There are now 4.5 million such people looking for work. That includes 742,000 who have had temporary jobs come to an end, and 3.8 million who have lost permanent jobs. The number of permanent job losers among the unemployed has more than doubled in the last six months, the fastest pace of increase on record.

It had already been a tough five months for Lorincz before she lost the job she had for three years. Her employer cut her pay in March as business ground to a halt in the pandemic. Then in May, she was brought back at full pay after the company got federal money to help keep its workers on payroll.

But that money ran out after eight weeks, and she was laid off again. Her employer told her they planned to bring her back at the start of September, but two weeks before, she found out her job was gone for good.

“I absolutely thought I was going back to work September 1,” she said. For Lorincz, like millions of others, a temporary layoff became permanent. She’s not hopeful about finding anything new anytime soon.

“It’s been a devastating experience,” she said.

The good news for the labor market is millions of workers who were laid off have returned to work in the past five months, enough to lift the total number of US jobs every month since the spike of job losses that occurred in April.

But as Lorincz’s case shows, not all of those on temporary layoff can count on being called back to work. So the overall gain in jobs from the recall of workers on temporary layoff is masking a growing number of permanent job losses, causing lasting damage to job market.

Permanent job losses rising rapidly, and will keep climbing

The number of unemployed who have lost a permanent job, or had a temporary job has come to an end, has soared in the past seven months, from 1.9 million in February, to 4.5 million in September.

That means the percentage rise over a six-month period has been the fastest on record going back more than 50 years. The doubling of those permanent job losses in such a short time frame has never happened before, not even during the Great Recession.

And permanent job losses are poised to keep climbing.

American (AAL)and United Airline (UAL)cut 32,000 jobs on Thursday alone. Disney (DIS) has announced plans to permanently cut 28,000 workers who has been on temporary furlough before now at its US theme parks. JCPenney (JCP) plans to cut 15,000 jobs as its closes 149 stores ahead of the holiday shopping season as part of its plan to emerge from bankruptcy. On Sunday, Cineworld, the owner of Regal Cinemas, said it may have to close more than 500 US theaters indefinitely.

None of those permanent job losses are reflected in the most recent numbers from the Labor Department.

Lorincz, said she had been out of work before, when a startup she worked for went out of business. But she never been a scared about being able to find something new.

“I’m picking up odd jobs here and there, I’m Door Dashing, and doing everything to cover expenses,” she said. “I don’t know what I’d be doing if I was trying to support a family. I’m without insurance during a pandemic, which is terrifying.”

The number of unemployed who are out of work due to the end of temporary jobs has also been rising rapidly over the last seven months, increasing by nearly 100,000. Many of those workers were used to moving from one job to another and now haven’t been able to find the next job as normal.

Justin Doan, 29, has worked as a tour manager, production manager and audio engineer in the live music industry since finishing college. He’s made good money in the job he always dreamed of having. But he hasn’t worked at all since March 13, when the tour he was on abruptly shut down.

“Everything is halted. We didn’t realize at the time that it would be shut for this long,” he said. “The thought was we would reschedule in May. That never happened.”

Looking at changing careers

Doan has been burning through his savings, and said he is now worried that live music won’t be returning until late next year. That might mean he has to change careers. But he said this is a very difficult time to think about such a huge shift.

“There are millions of people out there who are also unemployed,” he said. “Many may have more experience on paper than I have.”

Most of those who now permanently out of work have lost long-term jobs, many that they held for much of their career.

Juan Jose Martinez Camacho, 59, has been a cook for 30 years, since he was asked to fill in one day when he was working as a dishwasher in a restaurant.

He has worked as a cook at the Crowne Plaza in Redondo Beach, California, for 22 years. When he was laid off on March 23, he was thinking it would be only two or three months before things got back to normal. But late last month he was notified he had permanently lost the job, which paid $22 an hour. He has been looking for other cooking jobs without any luck.

“It hurts me to think that if things don’t get better I might have to do other types of work,” said Martinez-Camacho, a Mexican immigrant who spoke through a translator. “It’s what I love to do.”

Ann, a designer of luggage and backpacks, who asked to use a pseudonym because of the terms of her severance agreement, is also worried about not being able to find a new job in her field. Travel demand has cratered, which means few people are in need of luggage. And with millions of students shifting to remote learning, there’s a dearth in demand for backpacks.

She lost her job in August via a Zoom meeting.

Ann said she was also lost a job during the Great Recession, but she is far more worried this time.

“Honestly I don’t know what I’m going to do,” she said. “This is much scarier. In terms of looking for jobs — you can’t even meet with people face to face. It’s horrifying.”

Ann said she’s also nervous about losing a job this time because she’s 53, 11 years older than the last time she was out of work.

“It’s just a very competitive landscape,” she said. And while her husband is still working, “this is no longer a one-income economy. You have to have two incomes.”

Night Watchman Note; We are to ‘be watchful’ in helping to understand today’s events as related to biblical prophecy. That is what ‘watchmen or women’ do. Jesus made clear that when He actually does come for His disciples, His wise and faithful servants would be aware of the time because they would be watching. They would not know the ‘day or the hour’ of His return, but would know the ‘season of the times.’ They would know the season of the times by WATCHING those things ‘coming to pass or occurring’ as Jesus said they would. The ‘BENCHMARK SIGN(s)’ always point towards Israel / Jacob. God’s prophetic timepiece. The FALSE PEACE COVENANT confirmed by the Prince/Beast among MENA (the many) is the ‘key sign’ of the times or the season of the times. Yes, we are in that period. The Prince/Beast will likely confirm and enhance the current ‘normalization’ agreement with Jacob to be a ‘peace’ agreement, to be extended to 7 years from the current 5 years, to include some agreement permitting the rebuilding of the third temple in exchange for ‘some portion of Jerusalem.’ The current ‘investment’ period for the Palestinians stands at five (5) years. This will likely occur AFTER the Bride, Disciples or True Church is removed from the earth via the Rapture / Harpazo / Redemption / ‘Twinkling’.

Seven (7) References to ‘BE WATCHING or WATCHFUL.’

Matthew 24:42; Watch therefore: for ye know not what hour your Lord doth come.

Matthew 25:13; Watch therefore, for ye know neither the day nor the hour wherein the Son of man cometh.

Mark 13:35; Watch ye therefore: for ye know not when the master of the house cometh, at even, or at midnight, or at the cockcrowing, or in the morning.

Luke 21:36; Watch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man

Luke 12:37-39; Blessed are those servants, whom the lord when he cometh shall find watching: verily I say unto you, that he shall gird himself, and make them to sit down to meat, and will come forth and serve them.And if he shall come in the second watch, or come in the third watch, and find them so, blessed are those servants.And this know, that if the goodman of the house had known what hour the thief would come, he would have watched, and not have suffered his house to be broken through.

1 Thessalonians 5:2-4; For yourselves know perfectly that the day of the Lord so cometh as a thief in the night. For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape. But ye, brethren, are not in darkness, that that day should overtake you as a thief. (Be Watching).

John 13:19 Now I tell you before it come, that, when it is come to pass, ye may believe that I am he.

John 14:29 And now I have told you before it come to pass, that, when it is come to pass, ye might believe.

Luke 21:31 So likewise ye, when ye see these things come to pass, know ye that the kingdom of God is nigh at hand.

Mark 13:29 So ye in like manner, when ye shall see these things come to pass, know that it is nigh, even at the doors.

Luke 21:28 And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.

Revelation 1:1 The Revelation of Jesus Christ, which God gave unto him, to shew unto his servants things which must shortly come to pass; and he sent and signified it by his angel unto his servant John:

‘Increasing Like Labor Pains.’ ‘Fearful Sights.’ ‘Perilous Times.’ ‘Men’s hearts failing with fear.’ Great Convergence of Signs.’ REDEMPTION IMMINENT.

In His Service,

Night Watchman

Paul Rolland

Night Watchman Ministries

Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!

Jesus Christ’s Offer of Salvation:

The ABCs of Salvation through Jesus Christ (the Lamb)

A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.

. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).

. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).

B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.

. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).

C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.

. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).

. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).

. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).

. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).

. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).

. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).

. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).

. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).

. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).

. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).

. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).

True Church / Bride of Christ Spared from God’s Wrath:

 Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”

Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.

1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.

1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,

Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?

Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.

Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.