Disastrous Continued Claims
Initial claims rose by 1.48 million but continued claims at 19.52 million tell the real story.
Continued Claims Historical Perspective
Not a Leading Indicator
Initial claims are touted as a "leading indicator".
They aren't much of one if indeed anything at all.
The Myth of the V-Shaped Recovery in One Chart
In case you missed it, please see The Myth of the V-Shaped Recovery in One Chart.
20 million people out of work for 8 straight weeks tells the real story:
This economy is on life support of $600 monthly Federal unemployment insurance due to run out this month.
Even the perennially late IMF is beginning to catch on.
It's a Crisis Like No Other: IMF Downgrades US GDP to -8.0%