Christmas week noticed a slight decline in new jobless claims in comparison with previous weeks, according to the Division of Labor’s latest report. Initial numbers show 787,000 new jobless claims, down from a revised 806,000 the earlier week.
There are caveats to that modest lower, nevertheless. It is prone to be revised upwards, and the four-week common continues to be trending upward. Pandemic unemployment numbers proceed to be far larger than pre-pandemic averages.
We do not but know the way profitable this subsequent spherical of stimulus will probably be at staving off further layoffs, however it’s possible that pandemic security restrictions throughout the nation will quickly tighten attributable to runaway an infection ranges and a essential lack of hospital assets in some areas.