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Jobs Tag

The Wuhan coronavirus pandemic continues its devastation on the American economy as 2.4 Americans filed unemployment claims last week. Fortunately, the number continues to decline after it hit its peak a few weeks ago. The Labor Department revised last week's number down by 294,000 due to a clerical error from Connecticut.

The Wuhan coronavirus shutdown continues to affect the economy as another 2.9 million Americans filed for unemployment claims last week. While the number continues to decrease, it means 35 million Americans have filed claims in the past two months.

Yikes. The August jobs report is less than stellar as the economy only added 130,000 jobs in the month. To make matters worse, a lot of those jobs were temporary jobs for the 2020 census. But one jobs report should not cause a freakout. Unemployment remains at 3.7% while reports from earlier this week showed consumer spending continues to climb.