JOBS: Unemployment Claims Skyrocket

TeeRoy's 2 Cents:

  • Hopefully the $2.2 trillion stimulus package will provide some help to people.
  • Eventually things will all go back to normal and hopefully people will have their old jobs to go back to.
  • This is whyDonald Trump wants to re-open the country as soon as possible.
Hopefully the $2.2 trillion stimulus package will provide some help to people.

New jobs data released today shows the devastating effect the coronavirus is having on the labor market.

The number of new unemployment filings skyrocketed last week to more than 3.2 million -- a record number and twice what experts had projected. It is an increase of three-million over the previous week. The troubling figure shouldn't come as a surprise. The pandemic has forced thousands of businesses to close. (Fox News)

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