07-09-2020, 10:22 AM
Some rare "good" news:
https://www.cnbc.com/2020/07/09/weekly-j...laims.html
The weekly first time jobless claims came in at "only" 1.31 million (which is a bit less than the 1.39 million that was expected), and continuing claims fell by nearly 700,000.
Under normal circumstances the news would be awful and 1.31 million first time claims would be catastrophic.
Also, looks like there is momentum behind a second stimulus check:
https://www.forbes.com/sites/jimwang/202...6f9c32c0d5
Democrats and Republicans remain divided over supplemental unemployment, and a lot of other measures, but I think something will get passed.
BC
https://www.cnbc.com/2020/07/09/weekly-j...laims.html
The weekly first time jobless claims came in at "only" 1.31 million (which is a bit less than the 1.39 million that was expected), and continuing claims fell by nearly 700,000.
Under normal circumstances the news would be awful and 1.31 million first time claims would be catastrophic.
Also, looks like there is momentum behind a second stimulus check:
https://www.forbes.com/sites/jimwang/202...6f9c32c0d5
Democrats and Republicans remain divided over supplemental unemployment, and a lot of other measures, but I think something will get passed.
BC