After disappointingly rising the prior week, analysts expected initial jobless claims to shrink modestly last week but remain above 800k (825k exp) for the seventh straight week. However, the data was better, much better, with first-time claimants plunging to just 730k (against a 825k exp) – back near its lowest levels since pre-COVID…
GOP Leaders Link Rising Jobless Claims to Pelosi’s Intentional Delay on Small Business Relief…
House GOP Whip: “These small businesses don’t have the time to wait on a new president or some political game by the speaker before they make a decision on whether or not they will close for good.”…
“US Labor Market Is in Free-Fall” – 10 Million Americans Have Filed for Unemployment in Past 2 Weeks…
After last week’s unprecedented 3.3 million surge in initial jobless claims, this week’s is even more unprecedented-er, adding a stunning 6.648 million (just 100k away from our estimate of 6.5million) for a two-week sum of 10 million new Americans claiming unemployment benefits. As @GreekFire noted, “We’ve lost 46 jobs for every confirmed case of COVID-19 […]
Jobless Claims Hold Largely Steady, Bolstering Fed’s View of Continued Labor Market Strength…
The number of Americans filing for unemployment benefits saw a slight uptick last week and the four-week moving average of the initial jobless claims figure dropped, bolstering the Federal Reserve’s claim that the U.S. labor market “remains strong.” In the official record of the latest meeting of the Federal Open Market Committee (FOMC), the central […]
Jobless Claims Fall Below 200K, Lowest Since October 4, 1969…
Initial jobless claims fell another 8,000 to a seasonally adjusted 196,000 for the week ending April 6, the lowest level since October 4, 1969. During that week, weekly jobless claims came in at 193,000. The 4-week moving average fell by 7,000 to 207,000, the lowest level for the average since December 6, 1969 when it […]