Thursday, September 03, 2020

Thursday Is New Jobless Day

881,000 new lucky duckies.

No one gets to call it "good news" until it drops below the single week peak of the Great Recession - 665,000. And even then, not good news!
(I focus on the headline number just for consistency, but the expanded jobless claims universe number, including the extra pandemic unemployment insurance covering various workers who wouldn't have previously been covered, is trending up)