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Jobless Claims

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745,000 Americans filed for jobless benefits

The Labor Department reported 745,000 Americans filed for unemployment benefits for the first time last week, an increase of 9,000 from the previous week. The latest numbers come as President Biden and Senate Democrats agreed to limit which Americans receive a $1,400 stimulus check. CBS News' Skyler Henry reports on the latest from the White House, and Lori Bettinger, co-president of BancAlliance and a former director of the Troubled Asset Relief Program during the Obama administration, joined CBSN to discuss the unemployment numbers.

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Fewer jobless claims filed

In the week ending December 26, 787,000 people filed first-time jobless claims, down 19,000 from the week before. Norm Champ, former director of the investment management division at the U.S. Securities and Exchange Commission and author of "Mastering Money: How to Beat Debt, Build Wealth, and Be Prepared for any Financial Crisis," spoke with Jamie Yuccas on CBSN about these numbers, the economic effect of not passing a bigger stimulus bill and how the economy is changing because of the crisis.

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Weekly jobless claims down, GDP rebounds

Two new economic reports reflect the impact of the ongoing coronavirus pandemic. The Labor Department says 751,000 Americans filed first-time unemployment claims for the week of October 24th, down 40,000 from the previous week. Also, U.S. GDP rebounded after a historically low second quarter. Bankrate's Washington bureau chief and senior economic analyst Mark Hamrick joins CBSN to discuss what this means for the economy and the potential impact on the 2020 election.

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