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Below is a complimentary research note from our Financials analyst Josh Steiner. Check out Josh's product Financials Sector Pro, for the latest financial updates. Click HERE to learn more. |
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.
