Initial Claims Up 15 Percent Since March 9th BottomHarrison Roger
As a backdrop for today’s big employment report, the Labor Department released its initial and continuing claims figures. Initial claims came in up 28K at 385K, an increase of almost 8%. Initial claims are now up around 15% since bottom out on March 9th. On the continuing claims side, the figures are marginally better, with today’s figures putting the continuing claims figure at 3.063 million, a decrease of about a quarter of a percent over the prior . . .
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