This week was the worst week yet for the pandemic in the U.S. with record cases, hospitalizations and deaths. Record cases and new restrictions are causing an uptick in the jobless numbers. Job losses soar: Rising COVID-19 cases this fall are leading to further job losses. Traditional continuing claims increased by 230,000 Americans to 5.8 … Continued

Daily new COVID-19 cases have resumed an upward trend that hit a new record late last week. Hospitalizations are also at new records, leading to ICU capacity problems and state and local governments issuing new restrictions. The impact on the economy is evident in weakening consumer sentiment, slowing jobs recovery and softening vehicle sales. Consumer … Continued

November saw a record number of new COVID-19 cases and hospitalizations. Consumer confidence is declining, and consumer spending decelerated in October before we began to see weekly increases in initial claims for unemployment in November. The 13.7 million consumers who are receiving unemployment benefits from coverage provided by the Coronavirus Aid, Relief, and Economic Security … Continued

Daily new COVID-19 cases continue an upward trend that is producing records. We saw more than 186,000 on Thursday. At this pace, we will likely see 200,000 today or tomorrow. Hospitalizations are also at new record highs, and daily deaths are rising. Consumer sentiment plummets: This third and bigger wave of COVID-19 is taking a … Continued