President Trump continues to argue that the real number of unemployed Americans is much higher than economists claim. He places the true number of unemployed at 96 million, or every American over the age of sixteen who doesn't have a job, even if he doesn't want one.

Bloomberg reports that Trump's unemployment exaggerations resonate with many of today's unemployed, who are often held back by geography, disability, felon status, or age discrimination. The official unemployment rate might be at an historically low 4.9%, but broader unemployment measures have stayed relatively high, with many Americans being shut out of the labor force altogether.

Data: Bureau of Labor Statistics

What's coming next: Structural forces like the aging of the workforce and the increasing importance of education will likely push this number lower, whatever the policies coming out of Washington.

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Ben Geman, author of Generate
55 mins ago - Energy & Environment

Why the pandemic's carbon cuts still won't head off a climate emergency

Expand chart
Data: BloombergNEF; Chart: Axios Visuals

Global carbon emissions from energy, which are the lion's share, will never fully come back from pre-pandemic levels — recovering from a pandemic-fueled decline but sinking again around 2027 with renewable energy on the rise — according to a BloombergNEF analysis.

But, but, but: It still won't prevent the planet from cooking, as the firm still sees enough emissions to lead to over 3.3°C of warming above preindustrial levels by century's end.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Coronavirus surge is sinking consumer confidence

Data: Hamilton Place Strategies, CivicScience; Chart: Axios Visuals

The rise in coronavirus cases in certain parts of the U.S. is stunting confidence across the country, a crop of new reports show.

Driving the news: After stalling during the previous two-week period, overall economic sentiment declined for the first time in two months, according to the Economic Sentiment Index, a biweekly survey from data firm CivicScience and Hamilton Place Strategies (HPS).

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Obama: Trump is "jealous of COVID's media coverage."
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  3. Business: Coronavirus testing is a windfall. Winter threat spurs new surge of startup activity.
  4. Media: Pandemic causes TV providers to lose the most subscribers ever.
  5. World: Putin mandates face masks.