Continued Effects Of Benefit Expiration For Weekly U.I. Claims

10/07/21 12:28PM EDT

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Continued Effects Of Benefit Expiration For Weekly U.I. Claims - 07.23.2020 bigger jobless boat cartoon 1

HEDGEYE FINANCIALS WEEKLY LABOR MARKET READING

The domestic economy is reopening, labor markets progress towards normalization, and pandemic-related uncertainty is fading.

We see initial claims data lowering to 4% off of the pandemic lows.

Today, the impact of enhanced/extended pandemic benefit expiration is continuing as Continuing PUA Claims down -412K, PUEC Claims down -361K and Total Benefit recipients down -855K.

Continued Effects Of Benefit Expiration For Weekly U.I. Claims - summary 

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