U.S. Unemployment Claims Lower Than Expected But Still High
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.
NBC News' Stephanie Ruhle takes an in-depth look at the state of the U.S. economy as the GDP soars to 33.1 percent in the third quarter of 2020. However, jobless claims continue to struggle amid the ongoing coronavirus pandemic. Republican voter registration numbers are far higher than expected as many think this may be a sign for how events will play out on November 3rd. One America's Shane Althaus has more. NBC News' Jo Ling Kent reports on the latest number of unemployment claims filed as the U.S. economy continues its slow recovery amid the coronavirus pandemic. After weeks of heading in the right direction, the number of new unemployment claims filed in the U.S. increased by 31,000 during the week ending November 14. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN with more on what these numbers mean and how a stimulus deal or lack thereof could affect the economy.