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 week. The market appears to be discounting the initial claims figures, focusing instead on today’s employment report, where the consensus among polled economists…
Initial Claims Up 15 Percent Since March 9th Bottom
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.