A few Comments on Weekly and Continued Unemployment Claims

We will probably see a decline in initial weekly unemployment claims this week. The consensus is initial claims will decrease to 4.145 million, from 5.245 million last week. That is still a huge number of initial claims. The extremely high level of claims will probably continue for several weeks. But it will be important to track Continued Claims too - since many of these people won't be returning to work for some time. Click on graph for larger image. Here is a graph of continued claims since 1967. At the worst of the Great Recession, continued claims peaked at 6.635 million, but then......(read more)

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