Weekly First-Time Unemployment Claims Rise to 861,000

Futures accelerated losses this morning after weekly first-time unemployment claims came in much higher than expected. 861,000 Americans filed initial claims last week, up from a revised 848,000 in the week prior. Lisa Erickson, Head of the Traditional Investment Group at U.S. Bank Wealth Management, joined Wake Up With Cheddar to break down the numbers as well as other factors driving the markets.
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