18 February 2021

Another Thursday, Another Unemployment Report

And this time, initial claims went up:

Worker applications for unemployment benefits rose during the first half of February, pausing a downward trend that pointed to an improving labor market amid other signs that the economic recovery is picking up.

The Labor Department on Thursday said the increase to 861,000 last week was accompanied by a 55,000 upward revision of claims in the prior week, on a seasonally adjusted basis. That put the four-week moving average, which smooths out week-to-week fluctuations, at 833,000, slightly lower than the prior week and near the top of a roughly 750,000 to 850,000 range since last October.

Jobless claims—a proxy for layoffs—have remained above the pre-coronavirus pandemic peak of 695,000 since the start of the pandemic last March.

Joe, get those f%$#ing checks out the f%$#ind door, and $2000, not the f%$#ing ridiculously means tested $1600 you are trying to sell right now.


Post a Comment