By Tyler Durden
For the second week in a row, the number of Americans filing for first time unemployment claims has risen (printing at 778k vs 730k exp and 742k prior)…
Source: Bloomberg
Illinois, Michigan, Washington, and California (all Democrat-run) were the states that suffered the largest surge in initial claims while Louisiana and Massachusetts saw the biggest drop in claims…
But as continuing claims fall – but were worse than expected – the Pandemic Emergency Claims are soaring as Americans drop off the standard unemployment benefits…
Source: Bloomberg
Worse still, the aggregate number of Americans receiving unemployment benefits rose over 130k last week to well above 20 million. This is the first increase since Sept 11th…
Source: Zero Hedge
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