Jobless Claims 6.6M
3 responses | 0 likes
Started by TimNew - April 9, 2020, 8:42 a.m.

Quick calculation shows about 17 million in the last 3 weeks.  Uncharted territory.

Equity Futures have been all over the place this morning, but seem to have rebounded slightly on the news. Not as bad as expected?    Down a few tics from last week.


http://us.econoday.com/byshoweventfull.asp?fid=509807&cust=us&year=2020&lid=0&prev=/byweek.asp#top

Comments
By t.j.thomas - April 9, 2020, 9:21 a.m.
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my guess is that maybe as fast as they can process claims which is better than most believed was possible prior to this event.

By TimNew - April 9, 2020, 9:29 a.m.
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Might be a factor.  Powell is speaking at 10 and maybe they expect this will add to justification of Fed Stimulus?

By patrick - April 9, 2020, 10:48 a.m.
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I think this count is of claims filed. Getting them processed, approved, & in payment is a whole nother level, especially in places like Florida where the system is designed to fail. Surprising to me how peaceful it's been so far.

https://www.politico.com/states/florida/story/2020/04/03/its-a-sh-sandwich-republicans-rage-as-florida-becomes-a-nightmare-for-trump-1271172