Unemployment Claims Soar With 965,000 Jobless Claims Filed Last Week

The video discusses the impact of the pandemic on the labor market, highlighting a surge in unemployment claims to 965,000, the highest since late August. Pre-pandemic figures were around 225,000 but have remained above 700,000 since September. The increase in layoffs is linked to a recent surge in COVID-19 deaths, with over 3,900 reported on a single day.

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