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
Both in the running of your own operations and to adequately serve the consumers you are committed to. First and foremost, like all companies and had to protect its own employees and particularly for a set of companies that run large call centers with large collections of people that technicians are sent into homes to repair and Provision Service and all of those processes had to be rapidly transformed. Now we have 90 of call centers employees working at home. Most companies have accelerated plans so they can send avoid sending technicians to the home and these are probably worth five, seven years worth of work accelerated into three months. Obviously, the country did something unheard of and it lost [inaudible] and eventually ordered people to stay home and i think one of the reasons they could safely assume that was an Effective Response to the pandemic as there was competence there wasnt infrastructure at home to allow people to continue to work and continue to get information. That
Has this affected Court Cutting . To running your organizations and serve the consumers you are committed to, first and foremost, it affected our Companies Just like all companies. It had to protect its own employees, particular for a set of companies that ran large call centers with large collections of people. Processes had to be rapidly transformed. Centersave 90 of call Call Center Employees working at home. Have self install plans to avoid sending technicians to the home. Obviously the country did something unheard of. Nation,d down the essentially ordered people to stay home. I think one of the reasons they could safely assume that is an Effective Response to the pandemic is there was confidence there was an infrastructure at home to allow people to work and continue to get information. That network was largely hours. We anticipated a pretty substantial surge in Network Capacity which we did see. Happy to talk more about that. Employedll, i think we some micro monitoring and resp
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