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Jill on Money with Jill Schlesinger

Coronavirus: Invest in Real Estate?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 3 July 2020

⏱️ 8 minutes

🧾️ Download transcript

Summary

The recent turmoil in the markets has created plenty of opportunities, including in the real estate market. If you have some extra cash on hand, is it a good move to make? Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Corona virus market update. It's Friday, July 3rd.

0:09.1

Markets are closed today, but I did want to just tell you that we got some really good news about the

0:15.1

economy. 4.8 million jobs were added in June and that's on top of 2.7 million in May.

0:23.2

So when you put May and June together,

0:25.8

7.5 million more jobs, the unemployment rate,

0:28.6

it dropped to 11.1 percent,

0:31.4

but the Labor Department actually says that's probably understated. It's probably

0:34.7

closer to 12.1%. Now one other piece of information that's a little bit weird and

0:40.9

disconcerting before you get your mission accomplished

0:43.8

jackets on and that is that we also had weekly employment benefits claims and

0:49.2

weekly claims remain incredibly high.

0:52.7

Still 1.4 million Americans who need unemployment benefits

0:57.6

and continuing claims.

0:59.3

That's the number of people who are currently receiving

1:02.4

unemployment benefits. It's still over 19 million.

1:06.0

So what do you take from these two pieces of information?

1:09.2

I think we can safely say that so far it looks like April was the worst month for the

1:14.8

Labor Department and probably for the economy. We are slowly coming out but we got a

1:21.0

ways to go. So with that said let's get to your questions. Okay first a

1:27.0

question after I conducted a webinar for my friends over at Salesforce

1:31.4

this was a very broad question, which probably is something you're all

1:36.8

thinking about. Shirley says, I recently inherited a bit of money after my mother passed

...

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