Weekly data for initial unemployment claims for the week ending June 13, 2020 is out, so here are the updated ‘America’s Scariest Charts’:
Index of employment, benchmarked to the pre-recession peak employment:
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Estimated total non-farm payrolls:
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And initial unemployment claims, half-year running sum:
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Today’s initial unemployment claims came in at 1,561,267 for the week ending June 6, 2020 (final estimate), slightly up on previous preliminary estimate. For the week ending June 13, 2020, non-seasonally adjusted initial unemployment claims came in at a preliminary estimate of 1,433,027.
A summary table to put these numbers into historical comparative:
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Some recent context on the latest official employment numbers from earlier this month is provided here: https://trueeconomics.blogspot.com/2020/06/11620-americas-scariest-charts-updated.html.
