Jobless Claims Post Smallest Drop Since March In Potentially Ominous Sign

1.3 million more Americans filed for unemployment benefits last week, more than expected, and basically unchanged from the previous week's total, which was revised slightly lower to 1.31 million. The latest figures appear to underscore ongoing pain in the labor market, which could be roiled anew later this month if lawmakers fail to extend extra federal unemployment benefits credited with helping bridge the income gap for millions of Americans. Jobless claims have remained sticky, suggesting f

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One thought on “Jobless Claims Post Smallest Drop Since March In Potentially Ominous Sign”

I’ll be filing next week, large firms are starting to realize that Furloughs are a nice tool to up profitability while keeping employees around for the future. Taking a few weeks unpaid the next step before massive layoffs or pay cuts. The hits to the economy are just starting to manifest in the long term mode after the initial shocks, much like when the titanic hit that iceberg… you ended up with a lot of people in the ocean… not all of those initial survivors make it to actual safety.