Unemployment Claims Spike Again in the Final Weeks of Trump Term

Unemployment claims have spiked again. The Department of Labor (DOL) reports that unemployment claims in the first full week of January spiked to a seasonally adjusted 965,000, Additionally, non-adjusted claims rose to 1.2 million and the number receiving Pandemic Unemployment Assistance (PUA) rose to 284,500. “This is bad news for the economy heading into 2021,” …

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