Starting with initial unemployment claims through the week ending September 19, 2020, based on non-seasonally adjusted data:
Liquidity moves markets!Follow the money. Find the profits!
- Initial unemployment claims fell to 796,015 in the week ending September 12 – marking the lowest number of new claims filed in any week since the start of the COVID19 crisis.
- The new claims rose back to 824,542 in the week ending September 19, bringing the numbers of new claims back above 800,000.
- The latest 4 weeks average new unemployment claims stand at 830,890 weekly claims, which is above the highest number reached since the peak of the Global Financial Crisis.
- Pre-COVID19 period historical high was attained in the week of September 1, 1982 at 1,073,500 new claims filed. The latest reading for September 2020 ranks as the 35th highest in the entire history and 10th highest if COVID19 period data was excluded from the set.
- The latest 3 months cumulative new claims number stands at 13,789,312, down from the COVID19 pandemic peak of 41,865,591.
- Current cumulative count (3 months) is 4,607,312 above the pre-COVID historical high attained March 1, 1975.
Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.