Inflation up in October as first time jobless claims fall to a new pandemic-era low
U.S. inflation soared in October. The Consumer Price Index climbed 0.9% last month, marking a 6.2% increase in prices since the same time last year. Diane Swonk, chief economist at Grant Thornton, joins CBSN to discuss what this increase and the drop in first-time unemployment claims mean for the state of the economic recovery.