A Big Tick Lower For Weekly U.I. Claims

04/15/21 10:31AM EDT

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A Big Tick Lower For Weekly U.I. Claims - 04.07.2017 jobs cartoon 1

HEDGEYE FINANCIALS WEEKLY LABOR MARKET READING

A Big Tick Lower For Weekly U.I. Claims - Summary 

Regular state claims increased -193K (-25%) w/w to 576K, while new PUA claims dropped -20K (-13%) w/w to 132K.

A Big Tick Lower For Weekly U.I. Claims - Initial 

A Big Tick Lower For Weekly U.I. Claims - PUA

Continuing state claims of 3.73 million, reported on a one week lag, effectively held flat w/w.

A Big Tick Lower For Weekly U.I. Claims - Continuing

Meanwhile, Total Claimants, a figure that is lagged by two weeks, decreased -1.2 million (-6.8%) w/w to 16.93 million.

A Big Tick Lower For Weekly U.I. Claims - Total

PEUC claims decreased -475K (-8.4%) w/w to 5.2M.

A Big Tick Lower For Weekly U.I. Claims - PEUC

Although the pace of the recovery in initial and continuing state claims has finally picked up, both figures remain at dauntingly high levels.

Nonetheless, the 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 several months.

A Big Tick Lower For Weekly U.I. Claims - 152627

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