Latest Jobless Claims Report Points to Soft June Employment Report
(2 min read)
• The latest employment insurance claims report, released on Thursday morning, bodes poorly for next week’s June employment report. And it’s not just that weekly initial claims came in at 1.48 million despite the US being more than a month into reopening.
• The more troubling number is continuing claims, which has flatlined near 20 million since the week ending 23 May (Chart 1). Employers are clearly in no rush to recall furloughed workers...
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