The Briefing Room
General Category => Economy/Business => Topic started by: catfish1957 on May 28, 2020, 12:48:12 pm
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(http://theeconomiccollapseblog.com/wp-content/uploads/2016/03/Unemployment-Public-Domain-460x325.jpg)
https://www.marketwatch.com/story/us-initial-jobless-claims-rise-212-million-in-latest-week-while-continuing-claims-decline-2020-05-28?mod=home-page (https://www.marketwatch.com/story/us-initial-jobless-claims-rise-212-million-in-latest-week-while-continuing-claims-decline-2020-05-28?mod=home-page)
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The Labor Department said 2.12 million unemployed Americans applied for state unemployment benefits in the week ended May 23, the Labor Department said Thursday. That's down from 2.4 million in the prior week. The increase was in line with economists surveyed by MarketWatch. A new federal relief program for self-employed and so-called "gig" workers like Uber drivers, totaled 1.2 million last week. The number of people already collecting economic benefits, known as continuing claims, fell 3.86 million to 21.05 million. These claims are reported with a one-week lag..........
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A couple of key points....
1. Within economist expectations
2. Continuing Claims are down, and truth be known, that is a surprise
3. Don't forget... these are lagging indicators. The last few weeks, the nation has roared back toward more normalcy. Watch upcoming numbers in this area improve, as hiring starts back.