100,000 fewer Americans filed for first-time unemployment last week
Oct 22, 2020

100,000 fewer Americans filed for first-time unemployment last week

It's good news, but it's not the full picture when it comes to jobless aid. Plus, California theme parks may sue over not being able to reopen. And, inside the luxury short-term rental market.

Segments From this episode

The improvements we're seeing in jobless claims numbers are not enough to lift millions out of unemployment

That’s according to Diane Swonk, chief economist at Grant Thornton. While the number of initial jobless claims fell last week, that doesn’t tell the whole story, Swonk said. “Pandemic unemployment claims, which are separate from initial unemployment, claims actually increased during the week and offset some of that improvement. We’re still averaging more than a million claims a week, which is just staggeringly high.”

The luxury short-term rental market finds its niche

Oct 22, 2020
A market for people who are seeking select properties, and who are willing to pay the price. Concierge and helicopter service, anyone?
The owner of the Fort du Petit, available for rent on Airbnb, walks in front of the 17th century military fortress in northwestern France.
Charly Triballeau/AFP via Getty Images

Music from the episode

The team

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