NewsNet
NewsNet 10 Sep 2020

Department of Labor: Unemployment Stagnantly High

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The latest unemployment numbers are in, tallying up the total number of claims filed during the first week in September comes to about 884,000.
It's a still record-breaking number compared to what we saw pre-covid, but what's notable about this week's number is that it's unchanged compared to the revised number from the week before.


FBI Director Christopher A. Wray and other U.S. Department of Justice officials hold a news conference on "a national matter."
ProPublica reports the Department of Justice sent an email that said federal investigators can publicly look into suspected election fraud before the polls close. It specifically mentioned postal workers and military employees, both of whom President Trump has accused of assisting in voter fraud. The memo goes against the DOJ's longstanding rule of not interfering with elections. ProPublica reporter Justin Elliott joins CBSN's Elaine Quijano with more on his reporting.
The latest unemployment numbers are lower than expected.
Initial jobless claims for last week came in at 837,000, according to the U.S. Department of Labor. That's 13-thousand less than economists surveyed by Dow Jones had predicted.
The latest jobs report from the Department of Labor shows 751,000 Americans filed for unemployment in the week ending October 31, a decrease of 7,000 claims from the week before. Mark Hamrick, senior economic analyst for Bankrate, looks at what these numbers mean for our economy.

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