Jobless Claims Rise As Stimulus Talks Crash, Burn
898,000 Americans filed for unemployment benefits last week, more than the 825,000 economists expected.
It marked the first rise in three weeks and came on a day when Americans woke up to headlines explaining that a new round of virus relief likely isn't coming before the election.
The latest jobless claims figures underscore the notion that the US labor market is far from healed. If this is the "new normal," so to speak, we're in trouble.
The previous week's total was revised slightly high
Mitch knows the GOP is on a death march. There is no way they are going to do anything to improve the economy they willlbe forced to hand over to the Democrats. Pelosi knows that Trump needs his name on some checks ahead of Nov. 3 if he is going to have even a glimmer of hope. There is no way she is going to allow that. In the meantime, Trump’s head is exploding, and the American people are literally going hungry.
Yeah, a catastrophic toll in both human and economic terms.
“It didn’t have to be this way” will soon accompany another refrain in the Pantheon of such figures of speech. This other being “It can’t happen here.”