US Jobless Claims Fall Below Half-Million In New Milestone
498,000 Americans filed for unemployment benefits last week (figure below).
It was the first time initial claims dropped below the half-million mark since the onset of the crisis. Consensus expected 538,000. The range, from 42 economists, was 500,000 to 600,000. The previous week's figure was revised higher.
The four-week moving average fell to 560,000, well below the pre-pandemic record high set decades ago.
Continuing claims for the week ended April 24 were 3.69 million, slightly more tha
First off should be gratitude to all the scientists and biologist that made this possible.
The medical community and therapies they have come up with along with all the supply lines that finally got in place, has made this easier to bear.
We may yet stumble but politics seem to be the only thing that’s going to make us fall down.