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Thursday, September 10, 2020

The Daily Money: The one about unemployment and jobs

Today's top stories from USA TODAY Money. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Thursday, September 10

Good morning, Daily Money readers! It is I, Josh Rivera, with the top headlines from USA TODAY's Money & Tech team.

Right off the bat, more than 857,000 people filed for unemployment benefits last week as businesses kept cutting workers amid fewer sales and depleted federal aid.

Here's something to keep in mind: The Labor Department switched to a new method to seasonally adjust its weekly jobless claims figures which could result in a sharply lower claims totals. This is the second week USA TODAY is reporting with the adjusted figures, so we wanted to make sure you were aware of the change – in case you saw our numbers differ from other reports that don't use this figure.

The amazing Paul Davidson breaks it down here, in case you want to read more.

Speaking of jobs, Amazon is on a hiring spree. The company said yesterday it is seeking to bring aboard 33,000 people for corporate and tech roles in the next few months. Additionally, as we approach holiday season, you can expect to see more companies ramp up seasonal hiring.

And when it comes to hiring, Target announced today it is planning to increase the diversity of its workforce and pledged to grow its percentage of Black employees by 20% over the next three years.

The segues between topics today were beautiful, if I do say so myself. But before we part ways, here's my favorite story today: Is Kim Kardashian West's stock portfolio better than Warren Buffett's? (Spoiler alert: They're both rich.)

Scroll down for more tech and money headlines. And thanks for reading!

Josh Rivera, Money & Tech NOW editor

Unemployment claims are soaring across the USA because of coronavirus-related layoffs and closures.
857K workers file for unemployment as layoffs continue
857K more workers sought unemployment last weeks as layoffs persist during COVID-19 crisis
Will the stock market rebound last?
The "Fearless Girl" statue stands in front of the
Amazon hiring 33,000 people for corporate, tech roles
While other companies are shrinking, Amazon is gro
Target plans to increase number of Black employees
Target
Lucid Air electric car debuts with 517-mi range
The Lucid Air electric car.
Comparing Kim Kardashian's and Warren Buffett's...
Kim Kardashian West took to Twitter afterward to r
Millions of Americans believe a dangerous Social...
Social Security card with money sitting on top of
These are the states with the highest and lowest...
With schools reopening across the country, teacher
6 potential pitfalls of Roth IRA conversions
Hand holding piggy bank with Roth IRA written on i
Avery launches biodegradable apparel tag fasteners
The Ecotach bio-PP Fastener.
 
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