Pandemic Emergency Jobless Claims Soar To New Record High
Tyler Durden
Thu, 11/05/2020 – 08:36
Initial Jobless Claims rose by 751k last week, very slightly lower than last week’s upwardly revised 758k rise, but still around four times the pre-COVID-lockdown norms…
Source: Bloomberg
Continuing Claims improved for the 8th week in a row to its lowest since March…
Source: Bloomberg
But, as continuing claims slide, Pandemic Emergency Claims continue to soar to a new record high…
Source: Bloomberg
There remains around 22 million people on government jobless benefits…
And what happens next with no fiscal stimulus expected anytime soon?
via ZeroHedge News https://ift.tt/3mZtnBh Tyler Durden