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Jobless claims dip to 900,000 in final week of Trump administration

The number of Americans claiming unemployment for the first time dipped by 26,000 in the final week of the Trump administration to 900,000 jobless claims, according to data released Thursday by the Labor Department. Bankrate Washington bureau chief and senior economic analyst Mark Hamrick joins CBSN to discuss how the new Biden administration plans to respond to the ongoing jobs crisis.