Initial Jobless Claims unexpectedly rose last week (from 375k to 412k)...
Source: Bloomberg
Some potentially good news, the total number of Americans on the dole dropped below 15 million...
...for the first time since April 2020...
Source: Bloomberg
Finally, we note that the number of Americans on some form of pandemic unemployment aid remains relatively flat (same levels as for the last year) while job openings are exploding higher...
Source: Bloomberg
And do not forget, the benefits cliff is coming.
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