Building Digital Skills To Land Your Next Job Now

Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.

The ADP report revealed 2.76 million people lost their jobs in the private sector in May, less than the 9 million expected for the month. The numbers represent an improvement from the loss of 20 million jobs in April. Jeffrey Korzenik, Chief Investment Strategist at Fifth Third Bank, joined Wake Up With Cheddar to discuss.

Weekly jobless claims numbers are out, showing more than 2.12 million Americans filed for unemployment last week, down from 2.4 million the week before. That brings the number of Americans who have filed for unemployment in past 2 months to 40 million. GDP data also out this morning, showing GDP contracted by 5% in the first quarter, a little more than previously believed. To break down the latest economic data, we spoke to Kevin Miller, CIO at Evaluator Funds.