“Only” 779,000 Americans Filed For First-Time Jobless Benefits Last Week
While the recent trend in initial jobless claims has been weak ahead of tomorrow’s payrolls data, last week saw a modest improvement with the number of Americans filing for jobless benefits for the first time at 779k (better than the 830k expected)
Meanwhile, as traditional continuing claims improve visually (Americans dropping off the rolls), those claiming Pandemic Aid remain high (though dipped in the prior week)…
And the overall number of Americans claiming some form of jobless benefit remains extremely high…
This is the 3rd weekly improvement in a row, but remember these numbers are around 4x the pre-COVID norms.
Thu, 02/04/2021 – 08:36