Jobless Claims Fall Third Week, Bolstering Happy Narrative Shift

Jobless Claims Fall Third Week, Bolstering Happy Narrative Shift

Jobless claims fell a third consecutive week in the US, bolstering the glass-half-full narrative. 779,000 Americans filed for unemployment benefits last week, the fewest since November. Consensus was looking for 830,000. The headline figure remains well above the pre-pandemic record and is still extremely elevated, underscoring acute suffering on Main Street. Still, the past three weeks are a welcome development on the heels of a sudden spike in early January. The previous week was revised
Subscribe or log in to read the rest of this content.

One thought on “Jobless Claims Fall Third Week, Bolstering Happy Narrative Shift

  1. Biden and the Democrats learned their lesson from 2009. They will allow ammendments to their bill on the floor to pass if proposed by Republicans but the virus relief bill (stimulus is an exaggeration) will be put through via reconciliation if necessary. Joe Manchin the swing vote in the Democratic party emphasized this in an interview. They will get their bill probably minus the $15 minimum wage and a tighter eligibility for checks. That was why the Democratic wins in Georgia were a game changer. Mitch McConnel can no longer stifle bills that the Democrats want and no longer needs to be bought off as long as all 50 Democrats in the Senate go along.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.