Weekly U.I. Claims Moving in the Direction Of Less Bad

02/04/21 11:58AM EST

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Weekly U.I. Claims Moving in the Direction Of Less Bad - 06.02.2020 need jobs in Oz cartoon 1

HEDGEYE FINANCIALS WEEKLY LABOR MARKET READING

Weekly U.I. Claims Moving in the Direction Of Less Bad - Summary 

Regular state claims fell -33K (-4%) w/w to 779K, while new PUA claims fell -55K (-13%) w/w to 349K.

Weekly U.I. Claims Moving in the Direction Of Less Bad - Initial 

Weekly U.I. Claims Moving in the Direction Of Less Bad - PUA

Continuing state claims of 4.6 million fell -4% w/w.

Weekly U.I. Claims Moving in the Direction Of Less Bad - Cotninue

Meanwhile, Total Claimants, a figure that is lagged by two weeks, decreased -486K (-3%) w/w to 17.8 million.

Weekly U.I. Claims Moving in the Direction Of Less Bad - Total

PEUC claims decreased -290K (-7%) w/w to 3.6M.

Weekly U.I. Claims Moving in the Direction Of Less Bad - PEUC

Although initial and continuing state claims continue to very slowly trend downwards, both figures remain at dauntingly high levels.

Nonetheless, the projected benefits of refreshed stimulus and the new, greater prospects for additional stimulus following the forthcoming shake-up in Washington will more than likely prove successful in further suppressing the symptoms of widespread and increasingly permanent unemployment over the next few months.

Weekly U.I. Claims Moving in the Direction Of Less Bad - 152627

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