Initial Claims: 500K! Expectations Of 478K, Previous Revised To 488K, 300K+ Weekly Increase In Extended Aid Recipients
Welcome to the half a century. Treasuries surge. Futures plummet. Can't wait for Rosie's note.... Or Liesman's spin
Continuing claims at 4.478MM on expectations of 4.5MM; previous 4.452MM revised to 4.491MM.
Those receiving Extended Benefits and EUCs increased by over 300k (+49,229 and +260,105) week over week
However, don't panic - the depression may be over... in 2099.
And here is a chart of jobless claims (SA) which are now back to November 2009 levels.