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U.S. weekly jobless claims total 419,000 vs. 350,000 estimate

Tiger Newspress2021-07-22

(July 22) U.S. initial jobless claims jump 51,000 to 419,000 in mid-July, vs. 350,000 estimate.

Total Number Of Americans On The Dole Plunges By 1.2 Million As States Cut Off Emergency Aid

This was not supposed to happen.

Initial jobless claims jumped significantly last week as419,000 Americans filed for jobless benefits for the first time(well above the prior week's 368k and expectations of a 350k print)...

Source: Bloomberg

Michigan and Texas saw the biggest jump in claims while New York and Oklahoma saw the best improvement...

'Traditional'continuing claims were basically unchanged over the prior week's revision.

There is some good news though,the total number of claims plunged by over 1.2 million last week(driven by a plunge in pandemic specific aid as states began shutting off the handouts)...

But, we note that overall, there remains over 12.5 million Americans on some form of government dole...

Source: Bloomberg

For context, that compares to the less than 2 million pre-pandemic-lockdowns.

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Comment33

  • Jenn79
    ·2021-07-23
    Latest
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  • JeanAnto
    ·2021-07-22
    Good
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    • cghtkh
      ok
      2021-07-23
      Reply
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  • Sharon87
    ·2021-07-22
    How is government gonna fix this problem?
    Reply
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    • Jetblack
      [Cry]
      2021-07-23
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  • MCHAN
    ·2021-07-22
    When market start to get better this f news ..     comes ?
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    • StarGate
      It could takes time for market to recover from covid-19 situations [流泪]
      2021-07-24
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  • MCHAN
    ·2021-07-22
    Damn bad news 
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  • MCHAN
    ·2021-07-22
    Fucking bad news damn 
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  • Lmk
    ·2021-07-22
    No
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  • AllenKee
    ·2021-07-22
    Unexpected.... 
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  • Traderabbit
    ·2021-07-22
    Why work when the government is giving free money to gamble on markets haha
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    • StarGate
      True enough... Motivation to work is hard
      2021-07-24
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    • MickeyLiew
      this is one of the reasons
      2021-07-22
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    • peng321
      agree
      2021-07-22
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  • Boazzz
    ·2021-07-22
    n the stock market keeps going……
    Reply
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  • RICHY
    ·2021-07-22
    [Sweats] [Sweats] 
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  • Darious
    ·2021-07-22
    No....
    Reply
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  • KwokMeng
    ·2021-07-22
    Oh no…
    Reply
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  • Samuel.L
    ·2021-07-22
    Lols
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    • Samuel.L
      Okok
      2021-07-22
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  • Chasiu
    ·2021-07-22
    Bear
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  • Wallstrtbets
    ·2021-07-22
    Money no enough.
    Reply
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  • cancergoh
    ·2021-07-22
    Bad bad news
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  • Cocoa88
    ·2021-07-22
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  • hisashi
    ·2021-07-22
    Wow
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    View more 2 comments
  • Maydelyn
    ·2021-07-22
    Oh no!!!
    Reply
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