840,000 Americans Filed For First-Time Unemployment Benefits Last Week
Tyler Durden
Thu, 10/08/2020 – 08:34
840,000 Americans filed for first time unemployment benefits last week – worse than the 820k expectation, but slightly better than the upwardly revised 849k the priod week.
Source: Bloomberg
This is still over four times higher than the pre-COVID levels.
We also note that while aggregate jobless claims fell, Pandemic Emergency Claims (blue region) increased last week…
Source: Bloomberg
Florida, Illinois, and Virginia saw the biggest jump in jobless claims. New Jersey, Michigan, and Pennsylvania saw the biggest improvement.
Continuing Claims dropped back below 11 million – the lowest (best level since March)…
Source: Bloomberg
via ZeroHedge News https://ift.tt/3noTqTL Tyler Durden