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Jobless Claims

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Fewer jobless claims filed

In the week ending December 26, 787,000 people filed first-time jobless claims, down 19,000 from the week before. Norm Champ, former director of the investment management division at the U.S. Securities and Exchange Commission and author of "Mastering Money: How to Beat Debt, Build Wealth, and Be Prepared for any Financial Crisis," spoke with Jamie Yuccas on CBSN about these numbers, the economic effect of not passing a bigger stimulus bill and how the economy is changing because of the crisis.

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Weekly jobless claims down, GDP rebounds

Two new economic reports reflect the impact of the ongoing coronavirus pandemic. The Labor Department says 751,000 Americans filed first-time unemployment claims for the week of October 24th, down 40,000 from the previous week. Also, U.S. GDP rebounded after a historically low second quarter. Bankrate's Washington bureau chief and senior economic analyst Mark Hamrick joins CBSN to discuss what this means for the economy and the potential impact on the 2020 election.

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