For the 13th consecutive week initial unemployment claims topped the 1.5 million mark.
Initial Claims 1980-Present
To put things into proper perspective, initial unemployment claims never topped the 1 million mark before Covid-19.
Now we have had 13 consecutive weeks in which claims topped 1.5 million.
The econoday consensus estimate for claims was 1.22 million.
For many weeks the number of claims have topped the Econoday consensus.
Things are improving, but much slower than expected.