Over 11 Million Americans Are Still On Pandemic Jobless Benefits (Despite 9 Million Job Openings)
Initial Jobless claims continued their slide week-over-week (from 385k to 376k), but remain near pandemic lows (but are still almost double those pre-pandemic levels)…
Source: Bloomberg
However, there are still over 15 million Americans on some form of government dole…
Source: Bloomberg
And despite over 9 million job openings, over 11 million Americans remain on some form of pandemic-specific unemployment benefits…
Source: Bloomberg
As the chart shows, there has been very little movement OFF the pandemic-based dole in over a year.
Will the Democrats ever allow those couch-sitters to be free of government handouts?
Tyler Durden
Thu, 06/10/2021 – 08:55
via ZeroHedge News https://ift.tt/3wdgWXF Tyler Durden