Almost 15 Million Americans Remain On Government Dole, Despite Initial Claims Drop

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by Tyler Durden
Thursday, Jul 01, 2021 - 08:35 AM

With more states ending their emergency handouts to the jobless, claims data is likely to start getting noisy but last week saw initial claims tumble more than expected (to a post-COVID low of 364k from 415k last week)

Source: Bloomberg

Pennsylvania remains an outlier among the states...

The total number of Americans of some form of government dole continues to hover just below 15 million...

Source: Bloomberg

Finally, a reminder of just how decoupled benefit-gobbling non-jobseekers have become from job openings in America...

Source: Bloomberg

As pandemic aid receivers barely budged...

The free-money non-workfest however is coming to an end soon.