Welcome to the Jill on Money Coronavirus Market Update. We are recording this

Thursday morning 10 o'clock Eastern time. That means that we have the new information from the

Labor Department. An additional 2.1 million Americans filed for unemployment

benefits last week.

And so that means 40.7 million people

over the last 10 weeks have filed for unemployment. The news is kind of weird because I would say there's a good

news and bad news part of this report. Let me start with the bad news. The bad news is that the

Labor Department is also starting to update us on the number of people who are

applying for aid under the Pandemic Unemployment Assistance Program.

That's the federal program for self-employed and gig workers.

Okay, well guess what?

That number, it's incomplete, but it was 8 million people already.

So, you know, we're probably pushing closer to like 50 million Americans who have filed for

unemployment insurance. Now here's the good news. The good news is that finally

we've gotten to this one moment in time we're continuing claims

meaning the number of people who are already collecting unemployment benefits

that number finally went down So after 10 weeks of going up up up up up up to

25 million, it seems to now have dropped down to 21 million. So I mean look these numbers are devastating they're still so high and so you

know just agonizing for anyone who is impacted by it but perhaps that we have seen the worst doesn't mean it won't remain tough.

It's just that you've got to see a bottom before you can start rebuilding.

With that said, let's go and get to your questions.

James writes, with my income from my pension Social Security and working part-time,

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