Jobless claims jump 3 million in a week, Arizona mirrors national trend

According to numbers released by the U.S. Labor Department, unemployment rose to more than 3.3 million in the past week, which is an increase of 3 million over the previous week.

According to numbers released by the U.S. Labor Department, unemployment rose to more than 3.3 million in the past week, which is an increase of 3 million over the previous week. Research Professor of Economics Dennis Hoffman says it's not impossible for the economy to come back booming within the next year or so.

In this story published March 26, 2020, on Cronkite News:

It’s as if we’ve got a light switch going off throughout significant segments of the economy. But it’s not the result of some unknown driving force in the economy.

– Research Professor of Economics Dennis Hoffman, who's the director of W. P. Carey 's L. Seidman Research Institute