By Tyler Durden
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).
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After big drops last week, California and New York top the states with the biggest increase in jobless claims (as lockdowns accelerated), while Illinois and Pennsylvania topped the biggest improvers (though Illinois’ plunge seems like a huge outlier).
Continuing claims continue to slide as Pandemic Emergency Claims rise (and thanks to the latest COVID Relief Bill, will be extended)…
Let’s hope 2021 gets better…
Source: Zero Hedge
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