US weekly initial jobless claims 1186K vs 1400K expected

News

Weekly jobless claims data

  • Lowest since the pandemic started
  • Prior was 1434K (revised to 1435K)
  • Continuous claims 16107K vs 16900K
  • PUA claims 655K vs 909K prior (lowest since the week the program was introduced)

Better numbers on initial jobless claims but it’s still daunting how they’ve remained so high.

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