https://upfina.com/14-million-people-cant-make-rent/
Last week’s jobless claims report was good, but this one from the week of November 14th wasn’t. Last week’s reading was slightly revised higher, but it was still strong. This week’s report is in tune with the thesis that the economic restrictions and individual behavior caused by the virus are hurting the labor market. It’s a hard thesis to avoid as all the COVID-19 readings are worse than in the summer. The recovery didn’t reverse in the summer, but that’s irrelevant when hospitalizations and deaths are higher now.
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