Jobless claims steady as virus rises

Seasonally adjusted new jobless claims, the closest thing we have to a government real-time report on the job market declined last week, but just barely. They were down 10,000 from the previous week’s revised level to 1.3 million. And if one doesn’t make the seasonal adjustment to the new unemployment claims, they actually to 1.5 million. Either way, this marks the 17th consecutive week of elevated new jobless claims, remaining at levels which previously would have been regarded as unthinkable on a sustained basis given the depth and duration of the pandemic-caused downturn. The frustrating reality is that new claims have remained above one million since exploding in late March and having dipped below 2 million in late May. Improvement has proved harder to come by. #economy #jobs #unemployment #claims #business #financial #money #career #COVID19 #unemploymentbenefits #downturn #recession

Weekly new unemployment insurance claims fell again, but by only 10,000 over the previous week as improvement in the labor market slowed. States that have been contending with a resurgence in Covid-19 cases – including California, Florida and Arizona – each saw increases in new claims on an unadjusted basis. #unemployment #economy #economynews

This morning's US economic numbers point to what's possible and what remains concerning. The June beat on retail sales is yet another indication of the economy's ability to rebound if re-openings are healthy. The mixed jobless claims point to the job loss risk that continues to face too many households ... and, with that, comes a high level of household economic insecurity. #economy #jobs #retailsales

Unemployment Insurance claims in #Georgia INCREASED by 31,000 last week. This is not good. COVID cases rising in #Georgia. Jobless claims rising in #Georgia. We are trending in all the wrong directions.

Outbreaks of?#COVID19?are a risk to the?economy,?yet?for the time being,?employers are adding workers back to payrolls?—?continuing?jobless claims falls to 18.06 million.?

The new KBW Restoration Index tracks the pace of economic recovery in real time, measuring everything from airport traffic and electricity output to mortgage applications and jobless claims. Even CNBC is talking about it!