Economic adviser Marty Cantor discusses latest unemployment situation

Despite places in our area finally reopening, our economic recovery seems to be slowing, as coronavirus cases surge in other parts of the country.

News 12 Staff

Jul 9, 2020, 1:44 PM

Updated 1,386 days ago

Share:

Despite places in our area finally reopening, our economic recovery seems to be slowing, as coronavirus cases surge in other parts of the country.
In fact, United Airlines is warning that nearly half of its workforce could be furloughed this fall. United is just one of many airlines to be hit hard by the pandemic. Right now, the airline is operating about a quarter of its flights compared to last year.
This morning, the Labor Department reported that more than 1.3 million Americans applied for unemployment benefits last week.
News 12's Elizabeth Hashagen was joined by economic adviser Marty Cantor to discuss the unemployment situation across the nation.
undefined
 


More from News 12
NJ Forest Fire Service: 510-acre wildfire in Wharton State Forest now 100% contained

NJ Forest Fire Service: 510-acre wildfire in Wharton State Forest now 100% contained

1:53
Plenty of sunshine today with cooler temps for New Jersey; freeze watch until Friday

Plenty of sunshine today with cooler temps for New Jersey; freeze watch until Friday

0:20
NJ Transit rail service into and out of Penn Station New York delayed due to overhead power issues

NJ Transit rail service into and out of Penn Station New York delayed due to overhead power issues

1:53
Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

1:50
Threatening message found at Dwight-Englewood middle school

Threatening message found at Dwight-Englewood middle school

New York appeals court overturns Harvey Weinstein’s 2020 rape conviction from landmark #MeToo trial

New York appeals court overturns Harvey Weinstein’s 2020 rape conviction from landmark #MeToo trial

2:27
How to protect spring plants from frost and freeze

How to protect spring plants from frost and freeze

0:25
Asbury Park man sentenced to 40 years in prison for 2021 home invasion, sex assault

Asbury Park man sentenced to 40 years in prison for 2021 home invasion, sex assault

0:26
Union police searching for missing 60-year-old man last seen at Whole Foods parking lot

Union police searching for missing 60-year-old man last seen at Whole Foods parking lot

0:24
Fanwood police warn of possible concert ticket scams on Facebook

Fanwood police warn of possible concert ticket scams on Facebook

0:36
New Jersey Instagram fraudster 'Jay Mazini' sentenced for his crypto scheme that preyed on Muslims

New Jersey Instagram fraudster 'Jay Mazini' sentenced for his crypto scheme that preyed on Muslims

Ready to explore the great outdoors? These 14 tips can help you stay safe while hiking

Ready to explore the great outdoors? These 14 tips can help you stay safe while hiking

Your Road Trip Close to Home adventure guide for April 25

Your Road Trip Close to Home adventure guide for April 25

1:13
The East End: Shou Sugi Ban House in Watermill

The East End: Shou Sugi Ban House in Watermill

2:54
Longtime Democratic US Rep. Donald Payne Jr. dies at 65 following heart attack

Longtime Democratic US Rep. Donald Payne Jr. dies at 65 following heart attack

0:56
Passaic to get $1.6M in federal funds to reduce flash flooding where 2 people died

Passaic to get $1.6M in federal funds to reduce flash flooding where 2 people died

2:56
Doctors combine a pig kidney transplant and a heart device in a bid to extend New Jersey woman's life

Doctors combine a pig kidney transplant and a heart device in a bid to extend New Jersey woman's life

0:43
Jersey Proud: Manchester HS students teach older generation about tech

Jersey Proud: Manchester HS students teach older generation about tech

2:23
'The tower is an eyesore.' Demolition of former Nabisco factory tower set to begin after 1-year delay

'The tower is an eyesore.' Demolition of former Nabisco factory tower set to begin after 1-year delay

1:03
Rep. Gottheimer announces another attempt to put an end to NYC’s congestion pricing plan

Rep. Gottheimer announces another attempt to put an end to NYC’s congestion pricing plan