“Jobless claims: New unemployment claims unexpectedly rose to 719,000 last week”
April 1, 2021
“The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:
- Initial jobless claims, week ended March 27: 719,000 vs. 675,000 expected and a revised 658,000 during the prior week
- Continuing claims, week ended March 20: 3.794 million vs. 3.750 million expected and 3.870 million during the prior week
Last week’s jump in new jobless claims came as a surprise to economists looking for an improvement to a new pandemic-era low. However, the prior week’s claims were revised down to 658,000 to show an even more marked improvement from the 684,000 previously reported. The new four-week moving average for new claims came down by 10,500 to 719,000 amid these revisions…”
Unexpected? By who? Not by me. The economy is going to get bad folks. It’s going to get real bad. You best get ready now. For those of you who don’t know what to do I will be giving some potential life saving advice in the near future.