Employers are planning more layoffs, as Trump claims jobs are “flowing”

President Donald Trump has hailed the economy in speeches and on social media, proclaiming in August that “jobs are flowing.” But even as some employers are rehiring workers, others are shedding thousands of jobs, with major companies announcing 50,000 job cuts in the last two weeks alone.
Weekly unemployment claims remain above 1 million, a “historically high” level, according to labor economist Heidi Shierholz of the left-leaning Economic Policy Institute. And some industries, including travel and entertainment, continue to shed workers as consumers remain wary of traveling as the coronavirus continues to spread in regions of the U.S.