Takeaway: Continued PUA and PEUC claims dropped off sharply coincident with the first waves of state expirations.

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Pandemic Program Enrollment Drops Off as State Expirations Begin - AdobeStock 361747945

HEDGEYE FINANCIALS WEEKLY LABOR MARKET READING

As the domestic economy reopens and labor markets progress towards normalization, with pandemic-related uncertainty fading, we continue to see a strengthening in the downtrend in jobless claims data.

Moreover, we note the drop-offs in continuing PUA and PEUC as expected based on the first waves of state expirations which we flagged in prior weeks.

Pandemic Program Enrollment Drops Off as State Expirations Begin - Summary 

Pandemic Program Enrollment Drops Off as State Expirations Begin - Initial 

Pandemic Program Enrollment Drops Off as State Expirations Begin - PUA

Pandemic Program Enrollment Drops Off as State Expirations Begin - Continuing

Pandemic Program Enrollment Drops Off as State Expirations Begin - Total

Pandemic Program Enrollment Drops Off as State Expirations Begin - PEUC

Pandemic Program Enrollment Drops Off as State Expirations Begin - 152627