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Apr 16, 2020

States under strain with unemployment soaring

Context on the millions more who signed up for state unemployment benefits in the last week. Big banks pledge that stimulus checks will not go toward covering overdraft fees and such. Is the current economic narrative a self-fulfilling prophecy?

Sixteen million people signed up for unemployment benefits in the three weeks before this one. — Sixteen million people signed up for unemployment benefits in the three weeks before this one.
Joe Raedle/Getty Images

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Segments From This Episode

States hit hardest by rising unemployment claims could soon run low on funds
by Meghan McCarty Carino
Mark Felix/AFP via Getty Images
Some states like California, New York and Texas could see their unemployment funds running low.
Big banks pledge overdraft relief so customers reap full benefits of COVID-19 checks
by Nova Safo
Joe Raedle/Newsmakers
Big banks say they’ll give customers a temporary break on negative balances.
The economy is a disaster. Should we stop talking about it?
by David Brancaccio and Rose Conlon
Spencer Platt/Getty Images
Nobel economist Robert Shiller discusses the power of narratives during a pandemic.

Music from the episode

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director