One Year Later, Jobless Claims Stuck Above Pre-Pandemic Record

One Year Later, Jobless Claims Stuck Above Pre-Pandemic Record

745,000 Americans filed for unemployment benefits last week, underscoring the ongoing trials and tribulations of everyday people as Joe Biden's $1.9 trillion stimulus plan works its way through the country's labyrinthine legislative process. The market was looking for 750,000, so the headline print isn't likely to change the narrative either way. The previous week was revised higher by 6,000 to 736,000. The four-week moving average sank below 800,000. Obviously, 745,000 is still a terrible
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