Reported 1500000 more americans filed for unemployment last week this is up from the expected 1300000 well this also marked the 11th straight weekly decline in applications but also the 13 consecutive weeks or week where jobless claims remain above 1000000 well this is a total of more than 45000000 americans have filed for unemployment as a chronic virus continues to slow the u. S. Economy and with many states reopening and some old jobs are turning the total number of people receiving unemployment actually slightly fell well to talk more about the markets we turn to our panel. Last Trading Group cohost chrystia i am lets start with you unemployment data came from came back and its worse than expected but Something Else was also quite unexpected there we were getting it were seeing people getting Unemployment Benefits rather that are than there are actual on employed workers how did this happen. So when the cares abt what was put into effect in march to really loosen the rules on who c
Virus. This is two and a half hours. This hearing will come to order. This thing is another remote hearing by video. A few Video Conferencing for minors youre probably health used to these. Once you start speaking, there will be a slight delay before years displayed on screen. To minimize the background noise, please click the mute button until it is your turn to speak or ask questions. Theres a Technology Issue we will move to the next senator until resolved. I remind all senators there is a five minute clock that still applies and should be on your screen. At 30 remaining i will gently tap the gavel sometimes i forget to do that but i will try to do that better today. And remind you that your time is almost expired. To signify the process well get it rated to go by seniority for this hearing. Today Federal Reserve chairman Jerome Powell will update the committee on Monetary Policy development. In the state of the u. S. Economy. Its only been four months since the last hearing burstin
Finding the good news in that nearly 46000000 unemployed and a new trade war may be brewing not with china here. Lets tell you what a possible to. Have a talk show today so lets go and dive right in. For us in employment numbers are in and the latest figures from the Labor Department reported 1500000 more americans filed for unemployment last week this is up from the expected 1300000 well this also marked the 11th straight weekly decline in applications but also the 13 consecutive weeks or week where jobless claims remain above 1000000 well this is a total of more than 45000000 americans have filed for unemployment as a chronic virus continues to slow the u. S. Economy and with many states reopening and some old jobs are turning the total number of people receiving unemployment actually slightly fell well to talk more about the mark. Its we turn to our panel to mash up the adam last Training Group cohost Christi I Adam lets start with you unemployment data came from came back and its w
Consecutive weeks or week where jobless claims remain above 1000000 well this is a total of more than 45000000 americans have filed for unemployment as a chronic virus continues to slow the u. S. Economy and with many states reopening and some old jobs are turning the total number of people receiving unemployment actually slightly fell well to talk more about the markets we turn to our panel of the outlash Training Group cohost chrystia i adam lets start with you unemployment data came from came back and its worse than expected but Something Else was also quite unexpected there were were getting it were seeing people getting Unemployment Benefits rather that are than there are actual on employed workers how did this happen. So when the. Route was put into more really. Which contributes to that but also what. People are only considered unemployed if they look for jobs in the last 4 weeks they discount a lot of people who have given up on looking for jobs and with people kind of discarde
Above 1000000 well this is a total of more than 45000000 americans have filed for unemployment as a chronic virus continues to slow the u. S. Economy and with many states reopening and some old jobs returning the total number of people receiving unemployment actually slightly fell well to talk more about the markets we turn to our panel of the out of Training Group cohost chrystia i am lets start with you unemployment data came from came back and its worse than expected but Something Else was also quite unexpected there were getting it our actual on employed workers how did this happen. So when the. Group was put into the drafting more really. The rules are. Limit which contributes to that but also people are only considered unemployed if they look for jobs in the last 4 weeks they discount a lot of people who have given up on building for jobs and with people. Kind of discarded kind of job market or maybe afraid still get in corona virus theres less people than looking for work plus t