New claims for jobless benefits climbed 70,000 to 281,000 last week as the coronavirus pandemic shuttered businesses and left people out of work. It was the highest level since September 2017.
This is the latest in the Tough Problems series. In each, I present two composite questions that my clients face and my response to each.
The first is from someone already getting cabin fever from being told to stay home as much as possible. The second is from someone who's been furloughed because his employer can now no-longer make payroll.
The FT columnist turned teacher is trying to keep a cool head — but it gets harder by the day
With more and more businesses shutting down around the country, a flood of new unemployment claims are pouring in. But President Trump continues to downplay the impact of the virus on the economy.
States are now reporting a sudden, sharp spike in jobless claims as the coronavirus crisis stalls business around the country.