There Are Still Over 16 Million Americans On Some Form Of Government Jobless Benefits

The prior week's pandemic cycle low print for initial claims was revised higher, only to see this week's claims drop to a new post-pandemic-spike low at 553k...

Source: Bloomberg

Continuing Claims followed a similar path with a historical upward revision and a new cycle low for the latest print, but we note that the pace of improvement has dramatically slowed...

Source: Bloomberg

However, the total number of Americans still on some form of government jobless benefit remains above 16.5 million...

Source: Bloomberg

Maybe it's time to stop the handouts and get Americans off the couch and back to work... the job openings are out there!

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