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Oct 8, 2020

The weekly number of people signing up for unemployment isn’t really coming down

First-time unemployment insurance claims remain elevated. Plus, per Trump today, coronavirus relief negotiations are still on. Also, where Harris and Pence came down on climate change in Wednesday night’s debate. And, JPMorgan Chase’s move to address the racial wealth gap.

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Thursday’s report from the Labor Department said the number of people who are continuing to receive unemployment benefits dropped 1 million to 11 million.
Eric Baradat/AFP via Getty Images

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Segments From This Episode

The number of weekly jobless claims is about the same as it was the week before, and that's not a good place to be
Diane Swonk, chief economist at Grant Thornton, has more. “What we’re seeing is this persistence of these elevated initial unemployment claims,” Swonk said. “I couldn’t have imagined that we would still be here in this kind of place with the hole that we’ve dug from COVID so deep and still seeing such extraordinary pain.”
Pence, Harris focus on fracking, climate change in VP debate
Marketplace’s Nancy Marshall-Genzer reports.
JPMorgan Chase promises $30 billion to address racial wealth gap
by David Brancaccio, Nova Safo and Alex Schroeder
Alex Wroblewski/Getty Images
Some of the initiative is philanthropic, but most of it is lending with an expected return for the bank.
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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

Marketplace®

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The weekly number of people signing up for unemployment isn’t really coming down

Subscribe:

Segments From This Episode

The number of weekly jobless claims is about the same as it was the week before, and that's not a good place to be

Pence, Harris focus on fracking, climate change in VP debate

JPMorgan Chase promises $30 billion to address racial wealth gap

Music from the episode

The Team