By Tyler Durden
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…
Source: Bloomberg
And what happens next with no fiscal stimulus expected anytime soon?
Source: Zero Hedge
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