Indecipherable Data Shows Jobless Claims At Lowest Of Pandemic Era

Indecipherable Data Shows Jobless Claims At Lowest Of Pandemic Era

"Just" 787,000 Americans filed for unemployment benefits last week, considerably better than the 870,000 economists expected. California resumed reporting after a pause. Although still above the pre-pandemic record set in 1982, the latest print on initial claims is the best of the pandemic era, with the usual caveat that "best" is an extremely relative term. This is the first sub-800,000 print since claims surged to unthinkable levels in March. The previous week's figure was revised lower
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