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...
...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.
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!?