Nov 12, 2020
Is the economic fuel tank down to just fumes?
The still-elevated number of unemployment benefits applications shows that eight months after the pandemic flattened the economy, many employers are still slashing jobs.
Robyn Beck/AFP via Getty Images
Plus, retailers compete by increasing health and safety measures to attract customers. And, despite positive vaccine news this week, oil demand could be a long way from returning to pre-pandemic levels.
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Segments From this episode
Yes, weekly jobless claims ticked down again. But we're also seeing declines in consumer spending, restaurant reservations and job postings
And, Diane Swonk, chief economist at Grant Thornton, says the real issue is that “we’ve got people literally running on fumes.” With no additional coronavirus relief from Washington in sight, “a fiscal cliff is lurking at the end of December,” when benefits run out and the moratoriums on evictions run out.
Frederic J. Brown/AFP via Getty Images
International Energy Agency doesn't see any real chance for boost in oil demand until at least the middle of next year
Marketplace’s Nova Safo has more.
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The team
David Brancaccio
Host
Victoria Craig
Host, BBC
Stephen Ryan
Senior Producer, BBC
Jonathan Frewin
Producer, BBC
Daniel Shin
Producer
Jay Siebold
Technical Director
Brian Allison
Engineer
Meredith Garretson Morbey
Senior Producer
Erika Soderstrom
Producer
Rose Conlon
Producer
Alex Schroeder
Producer
