There Are Still Over 16 Million Americans On Some Form Of Government Jobless Benefits

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by Tyler Durden
Thursday, Apr 29, 2021 - 08:37 AM

The prior week's pandemic cycle low print for initial claims was revised higher, only to see this week's claims drop to a new post-pandemic-spike low at 553k...

Source: Bloomberg

Continuing Claims followed a similar path with a historical upward revision and a new cycle low for the latest print, but we note that the pace of improvement has dramatically slowed...

Source: Bloomberg

However, the total number of Americans still on some form of government jobless benefit remains above 16.5 million...

Source: Bloomberg

Maybe it's time to stop the handouts and get Americans off the couch and back to work... the job openings are out there!