'Those numbers tell you what a slowdown this economy is taking:' Financial advisor Marty Cantor on unemployment numbers

Financial advisor Marty Cantor spoke with News 12's Elizabeth Hashagen about the new unemployment numbers. He says the numbers are important because they tell you "what a slowdown this economy is taking."

News 12 Staff

May 7, 2020, 3:22 PM

Updated 1,541 days ago

Share:

Financial advisor Marty Cantor spoke with News 12's Elizabeth Hashagen about the new unemployment numbers. He says the numbers are important because they tell you "what a slowdown this economy is taking."
According to the Labor Department, nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.
undefined
 


More from News 12
2:16
Fire at Fair Lawn strip mall destroys multiple businesses, including popular Zadies Bakery

Fire at Fair Lawn strip mall destroys multiple businesses, including popular Zadies Bakery

2:11
Beautiful weekend ahead for New Jersey with sunny skies and warm temperatures

Beautiful weekend ahead for New Jersey with sunny skies and warm temperatures

1:54
Boar’s Head deli meat recalled for potential listeria contamination

Boar’s Head deli meat recalled for potential listeria contamination

0:46
New Jersey to receive more than $72M to help coastal communities prevent flooding

New Jersey to receive more than $72M to help coastal communities prevent flooding

1:43
Officials: Lead found on Keyport beach not ‘urgent risk’ to public health, no need to close beach

Officials: Lead found on Keyport beach not ‘urgent risk’ to public health, no need to close beach

0:44
Jersey Proud: Goya Gives Day collects 100,000 pounds of food donations

Jersey Proud: Goya Gives Day collects 100,000 pounds of food donations

1:01
‘It’s a beautiful sport.’ New pickleball courts open in Howell Township

‘It’s a beautiful sport.’ New pickleball courts open in Howell Township

0:29
Man who pleaded guilty to attacking Jewish men sentenced to 30 years on terror charges

Man who pleaded guilty to attacking Jewish men sentenced to 30 years on terror charges

0:55
EPA completes Phase 1 of Superfund site cleanup at Unimatic Manufacturing site in Fairfield

EPA completes Phase 1 of Superfund site cleanup at Unimatic Manufacturing site in Fairfield

0:20
West New York school named for Sen. Menendez to revert to original name

West New York school named for Sen. Menendez to revert to original name

0:30
Attorney general: NJ state trooper ‘inexcusably crossed the line,’ admits to punching handcuffed woman in the face in 2022

Attorney general: NJ state trooper ‘inexcusably crossed the line,’ admits to punching handcuffed woman in the face in 2022

0:15
East Brunswick police: Bicyclist killed in Route 18 crash

East Brunswick police: Bicyclist killed in Route 18 crash

0:30
No one injured in Kenilworth house fire

No one injured in Kenilworth house fire

1:04
Attorney general releases body camera footage of fatal Hamilton police-involved shooting

Attorney general releases body camera footage of fatal Hamilton police-involved shooting

0:15
Part of Manchester’s Harry Wright Lake closed due to high levels of fecal bacteria

Part of Manchester’s Harry Wright Lake closed due to high levels of fecal bacteria

0:23
2 dead in Maine plane crash after leaving New Jersey airport

2 dead in Maine plane crash after leaving New Jersey airport

0:18
$1 million lottery ticket won from $20 scratch-off at North Wildwood Wawa

$1 million lottery ticket won from $20 scratch-off at North Wildwood Wawa

1:59
Paws & Pals: Felicity now up for adoption at Associated Humane Societies

Paws & Pals: Felicity now up for adoption at Associated Humane Societies

1:17
Gov. Murphy discusses potential Menendez replacement on ‘Ask Gov. Murphy’

Gov. Murphy discusses potential Menendez replacement on ‘Ask Gov. Murphy’

0:40
State, federal lawmakers introduce legislation to shorten funding gap for World Trade Center Health Program

State, federal lawmakers introduce legislation to shorten funding gap for World Trade Center Health Program