• April billboard 1
    $3 For 3 Months? Are You Kidding Me?
    Our mission is to deliver hedge fund quality research for all investors. This (ridiculous) limited-time offer gets you the best investing research on Wall Street. For just $1 per month. What are you waiting for?

Takeaway: Initial claims rose back above 700K as continuing claims moved down slightly lower.

Below is a complimentary research note from our Financials analyst Josh Steiner. We are pleased to announce that we recently launched Financials Sector Pro, Josh's new research product. Click HERE to learn more. 

Weekly U.I. Claims Tick Back Up as Slow Recovery Persists - Job growth 6.5.2014

HEDGEYE FINANCIALS WEEKLY LABOR MARKET READING

Weekly U.I. Claims Tick Back Up as Slow Recovery Persists - Summary 

Regular state claims increased +61K (+9%) w/w to 719K, while new PUA claims dropped -1.4K (-2%) w/w to 237K.

Weekly U.I. Claims Tick Back Up as Slow Recovery Persists - Initial 

Weekly U.I. Claims Tick Back Up as Slow Recovery Persists - PUA

Continuing state claims of 3.79 million fell -1% w/w.

Weekly U.I. Claims Tick Back Up as Slow Recovery Persists - Continuing

Meanwhile, Total Claimants, a figure that is lagged by two weeks, decreased -1.5 million (-8%) w/w to 18.2 million.

Weekly U.I. Claims Tick Back Up as Slow Recovery Persists - Total

PEUC claims decreased -705K (-11%) w/w to 5.5M.

Weekly U.I. Claims Tick Back Up as Slow Recovery Persists - 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 new Congressional makeup 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 Tick Back Up as Slow Recovery Persists - 152627