2020 Ends With Around 20 Million Americans Still On Jobless Benefits

The total number of Americans on government unemployment benefits ended 2020 just below 20 million. 2019 ended with just 2 million on jobless claims…

Source: Bloomberg

Initial claims dropped on the week, back below 800k (787k vs 835k exp and 806k prior)..

Source: Bloomberg

Continuing claims continue to slide as Pandemic Emergency Claims rise (and thanks to the latest COVID Relief Bill, will be extended)…

Source: Bloomberg

Let’s hope 2021 gets better…