November Jobs Report Reveals Signs of Trouble

Source: https://schiffgold.com/key-gold-news/november-jobs-report-reveals-signs-of-trouble/ DECEMBER 8, 2020  BY SCHIFFGOLD  When unemployment began to quickly shrink over the summer as governments loosened up on the economic lockdowns in response to COVID-19, everybody got giddy and assumed we were in for a quick recovery. But we’ve been saying that the quick turnaround was an illusion and that the lockdowns caused deep wounds

Nine months after the health and economic crisis began, unemployment claims near record high

Source: https://www.cnbc.com/2020/12/01/unemployment-benefits-near-record-high-almost-9-months-later.html Unemployment benefits are flowing to workers in a volume that is near records set before the coronavirus pandemic. Elevated figures — for “continued” and “initial” claims — reflect economic and financial pain almost nine months into the Covid-19 crisis. The number of Americans collecting and applying for unemployment benefits is hovering near pre-pandemic