Initial Jobless Claims Re-Accelerated Last Week, Pandemic Claims Continue To Soar

 742,000 Americans filed for first time unemployment claims last week - breaking a 4-week streak of drops as perhaps the second-wave lockdown impacts are starting to be evident...

 Continuing claims continued their (now 8 week) streak of reductions, falling to 6.372mm from 6.801mm last week. However, as the chart below shows, as Americans fall off those 'standard' claims rolls, they are transitioning to the Pandemic Emergency Claims rolls...