- by New Deal democrat
Repeating my recent top-line mantra, new jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. With the number of those vaccinated continuing to increase, I expect an ongoing big increase in renewed consumer and social activities, with a concomitant gain in monthly employment gains like we saw in the March jobs report.
At their worst one year ago, initial claims were in the range of 5 to 7 million per week! Here’s how the trend looks since last last August: