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The Number Of Americans Filing For First-Time Jobless Benefits Was The Lowest Since 1969 Last Week

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by Tyler Durden
Wednesday, Nov 24, 2021 - 08:35 AM

After unexpectedly jumping by over 600,000 the prior week, back above 3.1 million, the total number of Americans on some form of government dole fell back below 3 million last week...

Source: Bloomberg

...as Pandemic aid recipients crashed by over 500,000...

Rather stunningly, initial jobless claims plunged back below 200k.

This is the lowest number of Americans filing for first-time jobless benefits since 1969.

Source: Bloomberg

Virginia was the week's outlier, seeing claims rise 17732. Others adding are illinois 4585 and Michigan at 2152 and on the downside Cali -6558, Kentucky -3924 and DC -1659.

Mission Accomplished, Mr.Powell!?

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