Jobless Claims Spike To New Amount

Jobless Claims Spike To New Amount
Photo by Markus Winkler / Unsplash

Here's where it is at.

After a strong start to the new year, jobless claims are beginning to spike again due to new fears of coronavirus and many individuals contracting the virus. This is causing many individuals to quit or even lose their jobs.

The new year had big promise in helping the job market regain its integrity. Jobless claims have spiked to 286,000 which is a new high since last October. This is bad news for the job market and many individuals.

Americans have been searching for jobs this new year and it has helped the job market and the economy get back on track. If jobless claims begin to spike again it may be very bad for the country.