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Transcripts For BLOOMBERG Bloomberg Markets Americas 20240712

Warning of weaker Global Oil Demand because of jet fuel demand. And martha pollick on the colleges plan this fall. Lets get back to the lead story on the Economic Data front in the u. S. The number of americans applying for Unemployment Benefits falling below one million since the pandemic began in march. We are seeing economic recovery getting some traction. Joining us is michael mckee. Is it good news, bad news . Think itsdont either. It doesnt show that the recovery is gaining traction as much as the decline is flattening out. We are talking people filing for the first time and it is still almost one million. Their deep scars in the labor market. Although the data is two weeks old the number of people receiving some kind of benefit is over 28 million. There are a lot of people still hurting. Will that push pe ....

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