Welcome to the Jill on Money Coronovirus Market update. It is Friday, July 10th. I love Fridays. Truly. I have a very front-loaded week in general. Mark knows I hate working after 12

noon on Fridays and I always have hated that. It's because I wake up so early and

I do so much of my stuff on Monday, Tuesday,

Wednesday that by the time I get to Friday I'm kind of limping along. So we got

another report on initial claims, meaning people who are filing for

unemployment benefits and 1.314 million people filing for

unemployment benefits. Now that's a huge number still. I know it's

way down from the nearly 7 million we saw at the end of March. It's the 14th

consecutive week where we've seen claims go down.

This time a drop of 99,000 from the previous week.

I mean that's the good news.

It's good that it's going down.

But 1.3 is still just a huge number it's

essentially two times the previous record before the pandemic the part of the

report that I was not very happy to see, I don't know if you check this out, Mark, but there's that unemployment insurance for gig workers.

Remember that?

That was the pandemic unemployment assistance or the PUA program and that was for people who are self-employed or gig workers.

14.3 million people claiming the PUA program, another 850,000

under the pandemic emergency unemployment, so that means 15 million people in

addition to these weekly claims that we are seeing I don't know that's that's not a

great sign in my book so good news on the big top line

not such great news among the gig workers I really thought that by the end of June that we would have seen claims drop down under a

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