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Takeaway: Claims came in at 267K (SA) / 254K (NSA), down -0.7% w/w / up +6% w/w, respectively, as the downtrend remains intact

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

Fifth Consecutive Pandemic Low For Weekly U.I. Claims - AdobeStock 361747945  1

HEDGEYE FINANCIALS WEEKLY LABOR MARKET READING

The domestic economy is reopening, labor markets progress towards normalization, and pandemic-related uncertainty is fading. We continue to see a strengthening in the down trend of initial claims data as it is 0.7% below the pandemic low and 4% above pre-pandemic levels. 

Fifth Consecutive Pandemic Low For Weekly U.I. Claims - summary 

Fifth Consecutive Pandemic Low For Weekly U.I. Claims - initialClaims 

Fifth Consecutive Pandemic Low For Weekly U.I. Claims - puaClaims

Fifth Consecutive Pandemic Low For Weekly U.I. Claims - contJobless

Fifth Consecutive Pandemic Low For Weekly U.I. Claims - uiBenAll

Fifth Consecutive Pandemic Low For Weekly U.I. Claims - peuc

Fifth Consecutive Pandemic Low For Weekly U.I. Claims - totUnemp