The coronavirus surge is starting to squeeze the U.S. job market: Morning Brief [Yahoo! Finance News]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance News
Friday, July 10, 2020Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET.SubscribeWorkers filing for Pandemic Unemployment Assistance are on the rise again.The U.S. labor market is sending troubling signals that the resurgence in COVID-19 cases is weighing on the economic recovery.On Thursday, thelatest weekly data on initial jobless claimsLast week, 1.04 million people filed PUA claims for the first time, an increase of 42,000 over the prior week and up from 880,000 two weeks prior.“The news behind the headline numbers, which cover only regular state unemployment insurance programs, is disconcerting,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.“The number of people claiming for Pandemic Unemployment Assistance— PUA, which is aimed at gig workers, freelancers, the self-employed and other people who don't qualify for regular state programs—has increased in the past four weeks straight,” Shepherdson adds.“This suggests that the
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JPM
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- 4/18/24 - Form 424B2
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- 4/18/24 - Form 424B2
- JPM's page on the SEC website